Monitor Providence shareholder vote and regulatory approvals from the Federal Reserve, OCC, and Illinois DOB. The fixed exchange ratio means Valley's stock price movement directly affects the deal's value for Providence holders. No material standalone impact on VLY common stock until closing.
Price Chart
Executive Summary
Valley National Bancorp filed an S-4 registration statement for its acquisition of Providence Financial Corporation, a privately held Illinois bank holding company with ~$1.6B in assets. Providence shareholders will receive $21.47 cash plus 4.3854 Valley shares per Providence share, implying ~$83.30/share value at announcement. The merger is expected to close in early 2027, pending Providence shareholder approval and regulatory clearances.
Key Facts
- Providence shareholders receive $21.47 cash + 4.3854 Valley shares per Providence share
- Valley had $66.3B total assets, $51.9B net loans, $54.1B deposits, $7.9B equity at June 30, 2026
- Providence had ~$1.6B total assets, $1.1B net loans, $1.3B deposits, $194.9M equity at June 30, 2026
- Merger expected to close in early 2027, termination date August 24, 2027
- Providence termination fee of $11,115,000 payable to Valley under certain conditions
- Providence directors holding ~18.9% of shares have voting agreements to support the merger
- Valley declared $0.11/share quarterly dividend for Q4 2026, payable Jan 4, 2027
Financial Impact
Valley to issue ~13.8M shares and pay ~$67.7M cash for Providence; implied deal value ~$247.7M based on August 21, 2026 prices
Risk Factors
- Regulatory approvals may be delayed or impose burdensome conditions
- Providence shareholders may fail to approve the merger
- Integration risks and potential loss of key Providence personnel
- Market price of Valley common stock may fluctuate, affecting deal value for Providence holders
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-4 Filing (Primary) | 0001193125-26-427285 |
| Document: d107115dexfilingfees.htm | 0001193125-26-427285 |
| Document: d107115dex992.htm | 0001193125-26-427285 |
| Document: d107115dex231.htm | 0001193125-26-427285 |
| Document: 0001193125-26-427285-index-headers.html | 0001193125-26-427285 |
| Document: 0001193125-26-427285-index.html | 0001193125-26-427285 |
| Document: 0001193125-26-427285.txt | 0001193125-26-427285 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $13.81 $14.06 | ▲ +1.81% | ▲ +2.33% | $14.14 (+2.35%) |
Oct 22, 2026 4d ago | Press Release | $13.81 $14.06 | ▲ +1.81% | ▲ +2.33% | $14.14 (+2.35%) |
Oct 21, 2026 5d ago | S-4 | $13.02 $13.81 | ▲ +6.07% | ▲ +7.25% | $14.14 (+8.56%) |
Sep 28, 2026 28d ago | 8-K | $12.78 $12.72 | ▼ −0.47% | ▼ −0.29% | $14.14 (+10.60%) |
Sep 28, 2026 28d ago | Press Release | $12.78 $12.72 | ▼ −0.47% | ▼ −0.29% | $14.14 (+10.60%) |
Aug 25, 2026 8w ago | 425 / 8-K | $14.10 $14.09 | ▼ −0.07% | ▼ −0.09% | $14.14 (+0.25%) |
Jul 23, 2026 13w ago | 8-K | $14.45 $14.34 | ▼ −0.76% | ▼ −0.86% | $14.14 (−2.18%) |
Apr 23, 2026 26w ago | Press Release | $13.77 $13.37 | ▼ −2.90% | ▼ −3.69% | $14.14 (+2.65%) |
Apr 7, 2026 28w ago | Press Release | $12.96 $13.25 | ▲ +2.24% | ▲ +1.66% | $14.14 (+9.07%) |
Feb 25, 2026 34w ago | 8-K/A | $13.37 $12.61 | ▼ −5.68% | ▼ −5.20% | $14.14 (+5.72%) |
US Market Status
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