 NEW YORK, May 25, 2021 GLOBE NEWSWIRE -- Valley National Bancorp NASDAQ:VLY Valley announced today that it priced 300 million of its 3.00 Fixed-to-Floating Rate Notes due 2031 the Notes. Interest on the Notes will accrue at a rate equal to i 3.00 per annum from the original issue date to, but excluding, June 15, 2026, payable semiannually in arrears, and ii a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR as defined in the Notes, plus a spread of 236 basis points from, and including, June 15, 2026, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. 