Latest news with #IraRobbins
Yahoo
16-05-2025
- Business
- Yahoo
Valley National Bancorp Announces Redemption of $115,000,000 Aggregate Principal Amount of 5.25% Fixed-To-Floating Rate Subordinated Notes Due 2030
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. In accordance with the terms of the Notes, the holders of the Notes will receive notice of the redemption and further instructions and details related to the process of such redemption. Interest on the Notes will cease to accrue on and after the Redemption Date, and no Notes will remain outstanding following the redemption. Ira Robbins, Chief Executive Officer, commented, 'Over the last few years we have strengthened our balance sheet which has positioned us to redeem the Notes. We are pleased to have the financial flexibility to further optimize the efficiency of our capital base while maintaining the ability to support our strategic initiatives.' About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100. Forward-Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's expectations with respect to the redemption. Such forward-looking statements involve certain risks and uncertainties. Actual outcomes may differ materially from such forward-looking statements. Factors that may cause actual outcomes to differ materially from those contemplated by such forward-looking statements are included in Valley's filings with the Securities and Exchange Commission, including Part I, Item 1A 'Risk Factors' of Valley's Annual Report on Form 10-K for the year ended December 31, 2024. Valley undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in its expectations, except as required by law. Although Valley believes that the expectations reflected in the forward-looking statements are reasonable, future results, levels of activity, performance and achievements cannot be guaranteed. Contact: Travis Lan Senior Executive Vice President and Chief Financial Officer 973-686-5007
CNBC
28-04-2025
- Business
- CNBC
Kelly Evans: Tariffs come to America
Up until now, the tariffs story has largely been one of fear, hesitation, and markets plunging. Now begins the real "impact" part. The trouble is, the retail impact is beginning in a comically small way next to the massive moves we've had in markets in recent weeks. I posted about this on "X" yesterday, but the price hikes at Shein and Temu have started to take effect, and results are revealing. While the headline numbers are quite large--"377% price increases!"--the details show just how shockingly cheap items on these Chinese shopping platforms still are. A pack of kitchen towels on Shein goes from $1.28 to $6.10. An eyelash shaper tool goes from 44 cents to $1.11. "Still dirt cheap," wrote one commenter. "My tees are still crazy cheap, basically the same price as before. Definitely stocking up!" wrote another. "Prices skyrocket, but still won't be cheap enough to be made in the U.S.," wrote a third. "Another example of the failure of tariffs to offset competitive advantage." Perhaps Shein's IPO will be fine after all. But even as markets are calming down about the tariff drama (there is a of new corporate debt issuance today, a sign markets are getting back to normal), and even as these markup examples will make the freakout seem overblown, the real impact is more behind-the-scenes. Apollo, for instance, expects a recession this summer as the impact of the massive slowdown in Chinese imports that we've already witnessed translates into widespread layoffs across retail and trucking. Goldman now thinks the U.S. economy will grow only 0.5% this year. Shares of FedEx, for instance, have dropped 13% this month since the huge "Liberation Day" tariffs were announced. And regional Fed surveys (like the Dallas Fed this morning) have been showing exceptionally weak capital spending plans by businesses, which could take three to six months to show up in the broader economy, according to Ironsides Macro. But there is a third layer to this story also, as Valley Bank CEO Ira Robbins told us on Friday. said loan demand and investment plans by his clients are actually still quite strong right now. He even gave the example of a client investing in Alabama warehouses in anticipation of a U.S. reshoring boom. And he said while large multinationals--the kinds whose stock prices we pay a lot of attention to--are reeling from tariffs, U.S. businesses are actually feeling resilient and even being opportunistic amid the turmoil. Little wonder the market can't figure out exactly what to make of the story from here, especially as the details keep on changing. Like the iShares Mexico ETF being at an eight-month right now as investors think it could end up in a better competitive position vis-a-vis China after all. The tariffs are only just starting to come to America, and the real impact is far from being known yet. See you at 1 p.m! Kelly Twitter: @KellyCNBC Instagram: @realkellyevans
CNBC
25-04-2025
- Business
- CNBC
Valley Bank CEO on consumer sentiment, commercial real estate demand and lending
Ira Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss consumer sentiment, lending and the regional banking environment.
Associated Press
25-03-2025
- Business
- Associated Press
Valley National Bancorp to Announce First Quarter 2025 Earnings
NEW YORK, March 25, 2025 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2025 earnings before the market opens on Thursday, April 24, 2025. Valley's CEO, Ira Robbins will host a conference call on Thursday, April 24, 2025 at 11:00 AM (ET) to discuss Valley's first quarter 2025 earnings. Interested parties should pre-register using this link: to receive the dial-in number and a personal PIN, which are required to access the conference call. The teleconference will also be webcast live: and archived on Valley's website through Monday, May 26, 2025. Investor presentation materials will be made available prior to the conference call at About Valley As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices across New Jersey, New York, Florida, Alabama, California, and Illinois, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100.
