Oritani Financial Corp. (ORIT) the holding company for Oritani Savings Bank, said Wednesday that it has entered into a mutual termination agreement with Greater Community Bancorp (GFLS) terminating the merger deal that the parties previously executed on November 13.Earlier today, Greater Community Bancorp announced that it has agreed to be bought by Valley National Bancorp (VLY) in a deal currently estimated at $167 million.Greater Community will pay $700,000 to Oritani under the mutual termination agreement, and Oritani has released Greater Community from any further break-up fee in connection with the merger agreement.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.