Press Release

Approval of Application by Valley National Bancorp

October 03, 2017

NEW YORK—The Federal Reserve Bank of New York, acting under authority delegated by the Board of Governors of the Federal Reserve System (the "Board") at Section 265.11(e)(11) of its Rules Regarding Delegation of Authority, today has approved the application by Valley National Bancorp, Wayne, New Jersey (the "Applicant"), for prior approval of the Board to merge with USAmeriBancorp, and thereby indirectly acquire USAmeriBank, both of Clearwater, Florida, pursuant to Sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act of 1956, as amended (the "BHC Act"), and Section 225.15 of Regulation Y.

The Federal Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.