Valley National Bancorp has entered into a definitive agreement to acquire Bluevine Inc. in a transaction valued at approximately $340 million, as the U.S. banking group looks to strengthen its digital small-business franchise and expand its core funding base.
Under the terms of the proposed deal, Valley expects to pay roughly 75% in cash and 25% in Valley common stock, subject to customary adjustments. The transaction is expected to close in early 2027, pending regulatory approvals and other standard closing conditions.
Bluevine operates a nationwide digital banking platform focused on small businesses and serves around 175,000 active customers. The company brings approximately $2.1 billion in low-cost, digitally sourced deposits, as well as integrated business checking, payments, lending, invoicing and financial-management tools.
Valley said the acquisition is intended to support several strategic priorities, including improving its funding profile, growing its small-business customer base and accelerating its digital and artificial intelligence capabilities.
The transaction will also add Bluevine’s engineering, product, data science and AI teams to Valley’s technology operations. Bluevine currently has around 180 research and development professionals and engineers, which Valley expects will help reduce reliance on third-party technology providers and speed up product development.
Following completion of the acquisition, Eyal Lifshitz, Co-Founder and CEO of Bluevine, is expected to join Valley as Head of Small Business Banking.
The deal also creates an opportunity for Valley to combine its branch network, balance sheet and broader banking products with Bluevine’s digital platform and customer-acquisition capabilities, while giving Bluevine customers access to additional treasury management, credit, insurance, wealth and capital-markets services.
