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Valley National Bancorp 5.50% Fixed-to-Floating Rate Non Cumulative Preferred Stock, Series B

Coupon is fixed at 5.50% until 9/30/2022 at which point the coupon floats at 3 month Libor plus a spread of 3.578%

Only redeemable on a dividend payment date

Ticker: VLYPO

Parent Ticker: VLY

OTC Grey Market Temporary Ticker: NA

Issuance Date: 07/27/2017

1st Call Date: 06/30/2022

Maturity Date: None

Shares Issued: 4,000,000

Overallotment Shares: 600,000

Coupon: 5.50%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.344

Payment Months: MAR, JUN, SEP, DEC

Payment Day: 30

S&P Rating: BB-

III Rating (In Regards to Dividend Safety Only): C

Moody Rating: NR

Fitch Rating: NR

Egan-Jones Rating: NR