Source: GlobeNewswire

Press Release: Oritani Financial : Valley National Bancorp Receives Application Waiver for the Acquisition of Oritani Financial Corp. From the Federal Reserve

NEW YORK, Oct. 25, 2019 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY) ("Valley") announced today it received notice from the Board of Governors of the Federal Reserve System that it waived the requirement for a bank merger application for the previously announced merger of Oritani Financial Corp. (NASDAQ: ORIT) ("Oritani") with and into Valley (the "Proposed Transaction"). In conjunction with the previously announced approval from the Office of the Comptroller of the Currency, Valley has obtained the requisite regulatory approvals to complete the Proposed Transaction.

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Est. Annual Revenue
$25-100M
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Est. Employees
100-250
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Kevin J. Lynch's photo - President & CEO of Oritani Financial

President & CEO

Kevin J. Lynch

CEO Approval Rating

85/100

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