Bought some more VLY at 9.56- 6.7% divy
Valley National Bancorp (Valley) is a bank holding company. As of December 31, 2011, Valley had consolidated total loans of $9.8 billion and total deposits of $9.7 billion. In addition to its principal subsidiary, Valley National Bank (the Bank), Valley owns VNB Capital Trust I and GCB Capital Trust III, through which trust preferred securities were issued. As of December 31, 2011, the Bank had 211 branches in 147 communities serving 16 counties throughout northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn and Queens. Valley National Bank operates in four business segments: commercial lending, consumer lending, investment management, and corporate and other adjustments. Valley's Wealth Management Division consisted of trust, asset management and insurance services, is included in the consumer lending segment. On January 1, 2012, Valley acquired State Bancorp. Inc. (State Bancorp), the holding company for State Bank of Long Island.
