Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Merger or Acquisition (May 2015)
16 slides from Valley National Bancorp's merger presentation, May 27, 2015
Slide 1: Expanding Our Florida Presence: Valley to Acquire CNLBancshares
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Expanding Our Florida Presence Valley National Bancorp to Acquire CNLBancshares, Inc.
Slide 2: Forward Looking Statements
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. * Forward Looking Statements The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to those regarding the propose
Slide 3: Additional Information and Where to Find It
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. * Additional Information and Where to Find it This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connectio
Slide 4: Strategic Vision
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Maintain a commercial banking franchise with a diversified balance sheet Focus on expanding geographic footprint 3 of the best markets on east coast Initial entrée into Florida proved successful Strategic Vision
Slide 5: Strong Addition to Valley Franchise
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Strong Addition to Valley Franchise Location Further Expansion into Our Targeted Urban Florida Markets New Attractive Markets High Growth Region Economics Expected to Be Accretive to EPS in 2016 Cost Saves by Le
Slide 6: Strategically Attractive Market Complements Existing Franchise
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Current Markets New Markets Valley Branches CNL Branches Strategically Attractive Market Compliments Existing Franchise Pro-Forma as of 3/31/2015 Southeast Southeast Loans $1,128 MM Deposits $1,417 MM Branches 1
Slide 7: Strong Addition to Franchise: Financial Highlights
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Strong Addition to Franchise Financial Highlights 3/31/2015 Assets $1.4 Billion Loans $833 Million Deposits $1.1 Billion Tangible Common Equity $123 Million YTD ROAA 0.69% YTD NIM 3.33% TCE / TA* 9.01% NPAs / To
Slide 8: Focused Growth in Florida
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley Florida * Focused Growth Resulting institution represents a $3 billion Florida franchise *1Q 2015 Pro-forma combined growth Loan Growth: 70% Branch Network: 80% Deposit Growth: 80% Commercial Lenders: 180
Slide 9: Financially Attractive Transaction
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Financially Attractive Transaction Consideration & Structure Structure 100% common stock consideration; 0.75 / 1 exchange ratio* Consideration & Structure Transaction Value ~$207 million** Consideration & Struct
Slide 10: Financial Highlights: Pro-Forma Impact
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Financial Highlights* CNL 3/31/2015 VLY Florida 3/31/2015 Florida Pro-Forma 3/31/2015 Valley 3/31/2015 Pro-Forma 3/31/2015 Assets ($ Billion) $1.4 $1.8 $3.2 $19.0 $20.4 Loans ($ Billion) $0.8 $1.2 $2.1 $13.7 $14
Slide 11: Pro-Forma Florida Impact: Complementary Loan Composition
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Pro-Forma Florida Impact Complimentary Loan Composition Loan Portfolio (millions) Amount % Commercial Real Estate $846 69% Commercial & Industrial 187 15% Residential Mortgage 105 9% Other Consumer 70 6% Constru
Slide 12: Pro-Forma Florida Impact: Attractive Funding Composition
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Pro-Forma Florida Impact Attractive Funding Composition Funding Portfolio (millions) Amount % Non-Interest Bearing Deposits $551 39% NOW and Transaction 215 15% MMDA and Savings 370 26% Time Deposits 244 18% Bor
Slide 13: Products & Services: Likely Synergies / Enhancements
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Products & Services Likely Synergies / Enhancements * Lending Enhancements Increased Lending Limit Residential Lending Auto Lending Non-Interest Income Asset Management & Trust Services Insurance Services Custom
Slide 14: Keys to Execution Success
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Keys to Execution Success Diligence Systems / Processes People Year Recent Bank Acquisitions State Asset Size Days to Convert 2015 CNL Bank FL $1.4 billion 2014 1st United Bank FL $1.7 billion 112 2012 State Ban
Slide 15: Valley National Bancorp
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Valley National Bancorp Continued focus on credit quality Measured growth strategies Operating in heavily populated footprints Strong customer service Experienced senior and executive management with significant
Slide 16: Non-GAAP Disclosure Reconciliations
© 2015 Valley National Bank. Member FDIC. Equal Opportunity Lender. All Rights Reserved. Non-GAAP Disclosure Reconciliations * 3/31/2015 * Pro-Forma includes estimated purchase accounting adjustments ($ in Thousands) "VLY 3/31/2015" "CNL 3/31/2015" "Pro-Forma* 3/31/2015" Total Assets $18,980,010 $1,
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