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Slideshow Mega-Mergers: Largest Recent M&A Transactions

By The Online Investor Staff, updated Wed., Oct. 22, 8:11 AM

Slide #1. Valley National Bancorp 1st United Bancorp, Inc.

Acquirer: Valley National Bancorp (VLY)
Acquiree: 1st United Bancorp, Inc. (FUBC)
Details: Valley National Bancorp (NYSE: VLY) ("Valley") and 1st United Bancorp, Inc. ("1st United") (Nasdaq: FUBC) jointly announced today that all regulatory and shareholder approvals necessary to complete the previously announced merger of 1st United with and into Valley have been received. The common shareholders of 1st United will receive 0.89 of a share of Valley common stock for each 1st United share they own, subject to adjustment in the event Valley's average stock price falls below $8.09 or rises above $12.13 prior to closing. The transaction closing is anticipated in the near future.

Valley National Bancorp is a bank holding company. Co. operates through its principal subsidiary, Valley National Bank (the Bank). The Bank provides a range of commercial, retail and wealth management financial services products, and banking services including automated teller machines, telephone and internet banking, remote deposit capture, overdraft facilities, and safe deposit facilities. The Bank also provides certain international banking services to customers including standby letters of credit, documentary letters of credit and related products, and certain ancillary services. At Dec 31 2013, Co. had total assets of $16.16 billion and total deposits of $11.32 billion.

Preferred: VLY.PRA



Open the VLY Page at The Online Investor »

Valley National Bancorp is a bank holding company. Co. operates through its principal subsidiary, Valley National Bank (the Bank). The Bank provides a range of commercial, retail and wealth management financial services products, and banking services including automated teller machines, telephone and internet banking, remote deposit capture, overdraft facilities, and safe deposit facilities. The Bank also provides certain international banking services to customers including standby letters of credit, documentary letters of credit and related products, and certain ancillary services. At Dec 31 2013, Co. had total assets of $16.16 billion and total deposits of $11.32 billion.

Preferred: VLY.PRA



Open the FUBC Page at The Online Investor »

Company Name:  Valley National Bancorp
Website:  www.valleynationalbank.com
Sector:  Banking & Savings
Number of ETFs Holding VLY:  56
Total Market Value Held by ETFs:  $240.26M
Total Market Capitalization:  $1.88B
% of Market Cap. Held by ETFs:  12.81%
Company Name:  1st United Bancorp, Inc.
Website:  www.1stunitedbankfl.com
Sector:  Banking & Savings
Number of ETFs Holding FUBC:  16
Total Market Value Held by ETFs:  $6.42M
Total Market Capitalization:  $284.00M
% of Market Cap. Held by ETFs:  2.26%
 

October 22, 2014    8:11 AM Eastern
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