Short answer
VALLEY NATIONAL BANCORP (VLY) filed an 8-K current report with the SEC on September 28, 2026 reporting Item 3.02 (Unregistered Sales of Equity Securities), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.2). Valley agreed to acquire Bluevine for $340 million, subject to customary closing conditions and transaction adjustments.
VALLEY NATIONAL BANCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 3.02 · Unregistered Sales of Equity Securities
- Valley agreed to acquire Bluevine for $340 million, subject to customary closing conditions and transaction adjustments
- Consideration includes approximately $255 million cash and 6.3 million Valley common shares
- Equity issuance under Section 4(a)(2) creates potential shareholder dilution without public registration
- Transaction combines cash funding with stock consideration, affecting Valley’s liquidity and capital structure
Item 7.01 · Regulation FD Disclosure
- Filing furnishes Exhibits 99.1 and 99.2 under Regulation FD
- Information not deemed filed under Exchange Act Section 18
- Exhibits excluded from Securities Act registration statements unless expressly incorporated
Item EX-99.1 · Exhibit EX-99.2
- Valley to acquire Bluevine for approximately $340 million, funded 75% cash and 25% Valley common stock
- Adds $2.1 billion of digitally sourced deposits and approximately 175,000 active small-business customers
- Platform deposits grew approximately 35% CAGR from 2023 through Q2 2026, with 99% from non-borrowing customers
- Expected approximately 8% accretion to 2028 EPS, offset by approximately 5% tangible book value dilution
- Closing expected early 2027, pending regulatory approvals; dilution earnback estimated at approximately 3 years
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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