Valley National Bancorp Signs Agreement To Acquire Providence Financial For $247M
Valley National Bancorp ("Valley") (NASDAQ:VLY) and Providence Financial Corporation ("Providence") announced today that they have entered into a definitive merger agreement whereby Valley will acquire
Valley National Bancorp agreed to buy another bank company called Providence Financial for $247 million. When companies buy other companies, it can make them bigger and stronger, so watch to see if Valley keeps running well after they combine.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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