Valley National Bancorp: Director Avner Mendelson resigns from board effective immediately
Valley National Bancorp said director Avner Mendelson, a non-employee director who was Bank Leumi's designee, resigned from its board effective immediately, with notice given January 24, 2025. The company said the resignation was not due to any disagreement with the company, Valley National Bank or management, and Bank Leumi plans to seek a new designee to fill the seat. For shareholders, this is a routine board change that does not alter reported financial results.
Key points
- Avner Mendelson notified the company of his resignation on January 24, 2025, effective immediately.
- Mendelson was appointed as Bank Leumi's designee under the Investor Rights Agreement dated April 1, 2022.
- The company states the resignation was not due to any disagreement with the company, Valley National Bank or management.
- Bank Leumi intends to seek appointment of a new designee to the board.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.