Providence holders would get $21.47 cash plus stock in Valley National (VLY)'s planned merger.
Valley National Bancorp (VLY) plans to merge with Providence Financial Corporation, where Providence shareholders will receive $21.47 in cash and 4.3854 Valley shares for each Providence common share. The implied value of this consideration was approximately $83.08 per Providence share as of October 26, 2026, and the merger is expected to close in early 2027, pending shareholder and regulatory approvals. Providence's board unanimously recommends voting for the merger.
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