Bank Leumi merges into Valley National Bank

Valley National maintains 10 branches in Alabama

Bank Leumi, based in Israel, has merged its U.S. unit into Valley National Bank, at a price of about $1.2 billion. Bank Leumi will hold about 14% of the stock in Valley National, making the Israeli bank the largest non-controlling shareholder in the New Jersey-based Valley National. Valley National, which acquired USAmeriBank in 2018, has…

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