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Valley National Bancorp 6.25% Fixed-to-Floating Non-cumulative Preferred Stock

Coupon is fixed at 6.25% until 6/30/2025 after which it floats at a rate of 3 month Libor plus a spread of 3.85%

Only redeemable on a dividend payment date

Ticker: VLYPP

Parent Ticker: VLY

OTC Grey Market Temporary Ticker: NA

Issuance Date: 06/16/2015

1st Call Date: 06/30/2025

Maturity Date: None

Shares Issued: 4,600,000

Overallotment Shares: 0

Coupon: 6.25%

Face Value: $25.00

Cumulative: No

Qualified: Yes

Quarterly Dividend Amount: 0.39

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