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Valley National Bancorp (NJ) | 7 3/4% Trust Originated Preferred Securities (VLY.PRA)
This preferred is marked as having been called.
Prospectus excerpt: For each TOPrS that you own, you will receive cumulative cash distributions at an annual rate equal to 7 3/4% on the liquidation amount of $25 per TOPrS, on March 15, June 15, September 15 and December 15 of each year, beginning December 15, 2001. Full Prospectus PDF », VLY Page »
Alternate symbology: | VLY-A, VLY-PA, VLYprA | Redeemable?: | Yes | Call Date: | 11/7/2006 (Now Trading Post Call Date) | Maturity Date: | 12/15/2031 | Cumulative?: | Yes | Shares Offered: | 7,000,000 | Overallotment: | 1,000,000 | Liquidation Preference: | $25 | Original Coupon: | 7.75% | Pay Period: | Quarterly | Pay Dates: | 15-Mar, 15-Jun, 15-Sep, 15-Dec | CDx3 Compliance Rating: |
Learn VLY.PRA's Rating
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Valley National Bancorp is a bank holding company. Through its subsidiary, Valley National Bank (the Bank), Co. provides a suite of banking solutions through various commercial, retail, insurance and wealth management financial services products. The Bank provides a range of banking services including account management services, online and mobile banking, drive-in and night deposit services, telephone banking, automated teller machines, remote deposit capture, and safe deposit facilities. In addition, certain international banking services are available to customers, including standby letters of credit, documentary letters of credit and related products, and certain ancillary services. Preferreds: VLYPP, VLYPO Open the VLY Information Page »
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Name: |
Valley National Bancorp (NJ) |
Website: |
www.valley.com |
Sector: |
Banking & Savings |
Number of ETFs Holding VLY: |
60 (see which ones) |
Total Market Value Held by ETFs: |
$796,580,270.4 |
Total Market Capitalization: |
$3,720,000,000 |
% of Market Cap. Held by ETFs: |
21.41% |
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