Valley National Bancorp (NJ) | 7 3/4% Trust Originated Preferred Securities (VLY.PRA)
This preferred is marked as having been called.
Prospectus excerpt: For each TOPrS that you own, you will receive cumulative cash distributions at an annual rate equal to 7 3/4% on the liquidation amount of $25 per TOPrS, on March 15, June 15, September 15 and December 15 of each year, beginning December 15, 2001.
Valley National Bancorp is a bank holding company. Through its principal subsidiary, Valley National Bank (the Bank), Co. provides a suite of banking solutions through various commercial, retail, insurance and wealth management financial services products. The Bank provides a variety of banking services including automated teller machines, telephone and internet banking, remote deposit capture, overdraft facilities, drive-in and night deposit services, and safe deposit facilities. In addition, certain international banking services are available to customers including standby letters of credit, documentary letters of credit and related products, and certain ancillary services.