On August 20, 2024, pursuant to the terms of the Investor Rights Agreement, dated as of April 1, 2022, by and between Valley National Bancorp (Company) and Bank Leumi Le-Israel B.M. (Bank Leumi), Bank Leumi notified the Company that it intends to seek appointment of a new designee to the board of directors (the ?Board?) of the Company in Dafna Landau?s place (the ?Notice?). Ms. Landau, who was appointed to the Board as the designee of Bank Leumi, has separated from employment with Bank Leumi, and in connection with the Notice, Ms. Landau has tendered her resignation from the Board. Ms. Landau?s resignation will be effective upon the appointment of Bank Leumi?s new designee, which is expected to occur in the fourth quarter 2024.