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12.06.25 - 22:06
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Hercules Capital Renews and Increases Its Credit Facility with MUFG Bank, Ltd. to $440.0 Million (Business Wire)
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SAN MATEO, Calif.--(BUSINESS WIRE)--Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty finance provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that it has upsized and renewed its existing $400.0 million credit facility with MUFG Bank, Ltd. (“MUFG”) with an upsized credit facility under which Goldman Sachs Bank USA, Autobahn Funding Company LLC, City National Bank, a National Banking Association, Umpqua Bank, Valley National Bank, Citizens Bank, N.A., Zions Bancorporation, N.A., dba California Bank & Trust and Mitsubishi HC Capital America, Inc. together with MUFG, have committed a total of $440.0 million in credit capacity subject to borrowing base, leverage and other restrictions. The upsized and renewed credit facility continues to include an uncommitted accordion feature expandable up to $600.0 million. The renew...
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28.05.25 - 14:03
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Valley Bank Invested More than $2.5 Billion to Support Its Communities in 2024 (Business Wire)
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Valley's 10th Sustainability Report ReleasedMORRISTOWN, N.J.--(BUSINESS WIRE)--Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, released “Making our Mark, Together” – the Bank's 2024 Sustainability Report which combines our annual Corporate Social Responsibility Report (CSR) and our biennial Environmental, Social, and Governance (ESG) Report. This year's report highlights the Bank's commitment to helping shape a world that thrives on sustainable community development. Last year, Valley invested more than $2.5 Billion to support organizations and communities in New Jersey, New York, Florida, Alabama, California, and Illinois. To view the full report click here.
Report highlights include:
$782 million in community development loans to advance affordable housing and community services to low-to-moderate income (LMI) individuals, economic and community development, and revitalization and stabilization
$734 million in community development investments supporting LM...
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16.05.25 - 23:12
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Valley National Bancorp Announces Redemption of $115,000,000 Aggregate Principal Amount of 5.25% Fixed-To-Floating Rate Subordinated Notes Due 2030 (GlobeNewswire EN)
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NEW YORK, May 16, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ: VLY), the holding company for Valley National Bank, today announced the redemption, in full, of its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”) in an aggregate principal amount of $115,000,000. The redemption date for the Notes is June 15, 2025 (the “Redemption Date”). The Notes will be redeemed at a redemption price of 100% of the principal amount plus accrued and unpaid interest to, but excluding, the Redemption Date....
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24.04.25 - 13:03
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Valley National Bancorp Announces First Quarter 2025 Results (GlobeNewswire EN)
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NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2025 of $106.1 million, or $0.18 per diluted common share, as compared to the fourth quarter 2024 net income of $115.7 million, or $0.20 per diluted common share, and net income of $96.3 million, or $0.18 per diluted common share, for the first quarter 2024. Excluding all non-core income and charges, our adjusted net income (a non-GAAP measure) was $106.1 million, or $0.18 per diluted common share, for the first quarter 2025, $75.7 million, or $0.13 per diluted common share, for the fourth quarter 2024, and $99.4 million, or $0.19 per diluted common share, for the first quarter 2024. See further details below, including a reconciliation of our non-GAAP adjusted net income, in the "Consolidated Financial Highlights" tables....
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