WAYNE, N.J. - Valley National Bancorp announced the completion of its previously announced acquisition of Peoples Bancorp, Fairfield, N.J.

Valley paid 0.64 share of its stock for each of the 661,000 Peoples common shares, making the deal worth about $11 million.

The addition of Peoples $223 million of assets and six northern New Jersey branches brings Valley National totals to $3.5 billion in assets and 60 branches.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.