We are pleased to announce that we have entered into a merger agreement to acquire The Westchester Bank

 

Building Stronger Communities 

We are pleased to announce that we have entered into a merger agreement
to acquire The Westchester Bank

          
    
  
 
   
  

A shared commitment to the communities we serve 

Valley was founded in 1927 on the simple principle of creating better banking opportunities for our customers while helping communities grow and prosper. For over 90 years, our associates have embraced this spirit by providing a full range of retail and commercial banking services to help our customers and communities achieve financial success.

     
   
    
We’ve found a partner in The Westchester Bank that shares a very similar banking philosophy and commitment to supporting the local community. We’re excited about this opportunity to bring the Valley brand and an expanded line of innovative banking solutions to one of the premier markets on the east coast. I look forward to welcoming The Westchester Bank associates and their customers to the Valley family.


   
       

About The Westchester Bank 

The Westchester Bank was founded to fill a void in the local marketplace in Westchester, New York. The focus was on opening a local community bank that offers the same bank products and services as the bigger banks but delivered them in a highly personalized, friendly manner. The Westchester Bank understood the significance of strong local roots, from its core of local investors and bank professionals, to understanding the flexible and nuanced needs of the local business community. 

Learn more about The Westchester Bank 

The proposed acquisition is expected to close in the fourth quarter of 2021.

     
    

We believe success starts with our communities 

For over 90 years, we’ve been committed to serving, supporting and strengthening our communities through economic inclusion, workforce and community development, investment in local nonprofits and a conscious commitment to our local partners. 

 
 

 
Our Community Commitment
Valley in the Community

Our Community Commitment

We work hand-in-hand with our communities to improve quality of life and bring economic empowerment and change to our communities.

Important Information and Where to Find It
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed acquisition by Valley National Bancorp (“Valley”) of The Westchester Bank Holding Corporation (“Westchester”). No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
 
In connection with the proposed transaction, Valley will file with the U.S. Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 that will include a proxy statement of Westchester and a prospectus of Valley (the “Proxy Statement/Prospectus”), and Valley may file with the SEC other relevant documents concerning the proposed transaction. The definitive Proxy Statement/Prospectus will be mailed to stockholders of Westchester. STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BY VALLEY, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT VALLEY, WESTCHESTER AND THE PROPOSED TRANSACTION.
 
Free copies of the Proxy Statement/Prospectus, as well as other filings containing information about Valley, may be obtained at the SEC’s website (
http://www.sec.gov) when they are filed by Valley. You will also be able to obtain these documents, when they are filed, free of charge, from Valley at www.valley.com under the heading “Investor Relations.” Copies of the Proxy Statement/Prospectus can also be obtained, when it becomes available, free of charge, at Valley’s website at http://ir.valleynationalbank.com or by directing a request to Ronald H. Janis, Senior Executive Vice President & General Counsel, Valley National Bancorp, at 1455 Valley Road, Wayne, New Jersey 07470, telephone (973) 305-8800, or by directing a request to The Westchester Bank Holding Corporation, 12 Water Street, White Plains, New York 10601.
 
Participants in the Solicitation
This communication is not a solicitation of a proxy from any security holder of Valley or Westchester. However, Valley, Westchester and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Westchester in respect of the proposed transaction. Information about Valley’s directors and executive officers is available in its proxy statement for its 2021 annual meeting of shareholders, which was filed with the SEC on March 8, 2021, and other documents filed by Valley with the SEC. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials to be filed with the SEC when they become available.  Free copies of this document may be obtained as described in the preceding paragraph.