Valley National Bancorp (Valley) announced that its acquisition of Bank Leumi Le-Israel Corporation (Leumi USA), the U.S. subsidiary of Bank Leumi Le-Israel B.M. (BLITA), and parent company of Bank Leumi USA (Bank Leumi) was completed effective April 1, 2022. In connection with the merger, former Bank Leumi President and CEO Avner Mendelson has joined the Board of Directors of Valley in the role of Vice-Chairman and Ronen Agassi, Head of the Corporate Division of BLITA, has also joined the Board of Directors of Valley.