Annual report
Page 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 or 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from New Jersey ( State or other jurisdiction of Incorporation or Organization ) One Penn Plaza New York , NY ( Address of principal executive office ) VALLEY NATIONAL BANCORP ( Exact name of registrant as specified in its charter ) to Commission File Number 1-11277 Large accelerated filer Non - accelerated filer Title of each class Common Stock , no par value Non - Cumulative Perpetual Preferred Stock , Series A , no par value Non - Cumulative Perpetual Preferred Stock , Series B , no par value 973-305-8800 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbols 0 VLY VLYPP VLYPO 22-2477875 ( I.R.S. Employer Identification Number ) Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes No □ 10119 ( Zip code ) Name of exchange on which registered The Nasdaq Stock Market LLC The Nasdaq Stock Market LLC The Nasdaq Stock Market LLC Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( §232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files . ) Yes □ No □ ■ Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , ” “ accelerated filer , ” “ smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act ( check one ) : Accelerated filer No □ No Smaller reporting company Emerging growth company ■ 0 If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . □ Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) Yes No The aggregate market value of the voting stock held by non - affiliates of the registrant was approximately $ 3.1 billion on June 30 , 2020 . There were 405,611,861 shares of Common Stock outstanding at February 25 , 2021 . Documents incorporated by reference : Certain portions of the registrant's Definitive Proxy Statement ( the " 2021 Proxy Statement " ) for the 2021 Annual Meeting of Shareholders to be held April 19 , 2021 will be incorporated by reference in Part III . The 2021 Proxy Statement will be filed within 120 days of December 31 , 2020 . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Yes No