5 unchanged sentences
(b) Changes in internal controls over financial reporting.
−Removed: Beginning January 1, 2020, Valley adopted ASU No.
−Removed: 2016-13, “Financial Instruments – Credit Losses (Topic 326):
−Removed: Measurement of Credit Losses on Financial
−Removed: Instruments”.
−Removed: Valley implemented changes to the policies, processes, and controls over the estimation of the allowance for credit losses to support the adoption of ASU No.
−Removed: Many controls under this new standard remained unchanged under prior GAAP.
−Removed: New controls were established over the review of economic forecasting projections obtained externally.
−Removed: Except as related to the adoption of ASU No.
−Removed: 2016-13, Valley’s CEO and CFO have also concluded that there have not been any changes in Valley’s internal control over financial reporting in the quarter ended September 30, 2020 that have materially affected, or are reasonably likely to materially affect, Valley’s internal control over financial reporting.
+Added: Valley’s CEO and CFO have also concluded that there have not been any changes in Valley’s internal control over financial reporting in the quarter ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, Valley’s internal control over financial reporting.
Valley has not experienced any material impact to Valley’s internal controls over financial reporting due to the fact that most of Valley’s employees responsible for financial reporting are working remotely during the COVID-19 pandemic.
12 unchanged sentences
Legal Proceedings
−Removed: In the normal course of business, we may be a party to various outstanding legal proceedings and claims.
+Added: In the normal course of business, we are a party to various outstanding legal proceedings and claims.
There have been no material changes in the legal proceedings, if any, previously disclosed under Part I, Item 3 of Valley’s Annual Report on Form 10-K for the year ended December 31, 2020.
+Added: There have been no material changes in the risk factors previously disclosed in the section titled "Risk Factors" in Part I, Item 1A of Valley’s Annual Report on Form 10-K for the year ended December 31, 2020.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.