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The $15.9 billion-asset bank said Thursday that Lisa Etre, William McCarthy and Jessica Ruiz have joined Signature from Hudson Valley Bank (HVB) in Yonkers, N.Y., and that Dennis Sheridan has joined from Valley National Bank (VLY) in Wayne, N.J.
September 28
Valley National Bancorp (VLY) in Wayne, N.J., plans to redeem $15 million in trust-preferred securities.
The $16 billion-asset company said Tuesday that it would repurchase the debt in the next 30 days. When completed, Valley National will have bought back roughly 36% of the $200 million in trust-preferred securities issued by a subsidiary it formed in 2001.
Valley National expects to periodically redeem its trust-preferred debt, company officials said.
