Flash FinanceUS
Market closed S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Valley Bank (VLY)

Valley National Bancorp appoints Eyal Efrat as director, replacing Bank Leumi designee

Neutral Impact 2 of 5 leadership Written later

Valley National Bancorp's board appointed Eyal Efrat as a director on March 12, 2025, filling a seat designated by Bank Leumi under the Investor Rights Agreement. He replaces Avner Mendelson, who resigned from the board on January 24, 2025, and will serve on the Risk Committee and Cyber and Technology Sub-Committee. The filing describes a board appointment with no financial figures, so it is administrative for shareholders.

Key points

  • Eyal Efrat appointed as a director on March 12, 2025, and determined to be independent
  • Efrat replaces Avner Mendelson, whose resignation was tendered January 24, 2025, as Bank Leumi's designee
  • Efrat joins the Risk Committee and Cyber and Technology Sub-Committee
  • Efrat is currently First Executive Vice President & Chief Information Officer at Bank Leumi Le-Israel

The filing

CompanyValley Bank (VLY)
Form8-K, current report
Filed with the SECMar 13, 2025, 7:33 AM ET
Accession number0000714310-25-000071

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

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 March 13, 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.