Prospectus excerpt:  Valley National Bancorp is offering to sell 4,000,000 shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B, no par value per share, with a liquidation preference of $25 per share (the ÙSeries B Preferred Sharesˆ). Dividends on the Series B Preferred Shares will be payable in arrears when, as and if declared by our board of directors or a duly authorized committee of the board, (i) from and including the original issuance date to, but excluding September 30, 2022, at a rate per annum equal to 5.50%, on March 30, June 30, September 30 and December 30 of each year, commencing on September 30, 2017 and ending on September 30, 2022, and (ii) from and including September 30, 2022, at an annual floating rate equal to three-month LIBOR plus a spread of 3.578%, on March 30, June 30, September 30 and December 30 of each year, commencing on September 30, 2022, except in each case where such day is not a business day as described under ÙDescription of Series B Preferred Shares?Dividendsˆ on page S-26.