Valley to acquire Providence for $247M in stock and cash
Valley National Bancorp announced a definitive agreement to acquire Providence Financial Corporation, a high-performing Chicago bank, to accelerate growth in the region. The transaction is valued at approximately $247 million and expected to be about 2% accretive to earnings.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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