The basics:
- Valley Bank will acquire Jersey City-based Bluevine for about $340M
- Bluevine brings $2.1B in digitally sourced deposits
- Fintech serves about 175,000 active small business customers
- Deal expected to close in early 2027, pending regulatory approvals
Valley National Bancorp plans to acquire Bluevine Inc. in a strategic move to enhance Valley Bank‘s funding base, expand its small business franchise, and accelerate its digital and AI strategy.
The partners announced the definitive agreement Sept. 28. Valley will acquire Bluevine for approximately $340 million. They expect to close in early 2027, subject to regulatory approvals and other customary closing conditions.
Bluevine will add a scaled, high-growth digital small business platform to Valley, along with $2.1 billion of low-cost, digitally sourced deposits. The Jersey City-based target also carries an established suite of integrated banking, payments, lending and financial-management solutions designed for small businesses.
Additionally, Bluevine’s engineering, product, data science and AI talent will help accelerate Valley’s long-term technology strategy, according to the bank, which includes a focus on broader development of internal capabilities and less reliance on third-party software and service providers.
Small business, big opportunity
Bluevine serves about 175,000 active small business customers. And the company has earned accolades for its work. Money.com voted it 2026 Best Overall Small Business Bank, meanwhile NerdWallet dubbed it the 2026 Best Online Business Checking Account.
Valley cited a 35% compound annual group rate in Bluevine’s platform-generated deposits from 2024 through the second quarter of 2026. As nearly all (99%) represent currently non-borrowing customers, Valley expects the deal to provide access to diversified, relationship-driven source of core funding.
The transaction for the nationwide platform follows another recent move from regional bank Valley to expand its reach. In August, the financial institution announced it would enhance its Midwest presence with the $247 million acquisition of Providence Bank & Trust.
As of June 30, Valley had more than $66 billion in assets, $54 billion in total deposits and $51.9 billion in total loans and leases. Its branch locations and commercial office network tops 220 outposts across Florida, Alabama, California, Illinois, Pennsylvania and Arizona.
Before the Providence announcement, Valley’s most recent acquisition closed in 2022, when it added Bank Leumi USA. But the bank has been growing in other ways, including introducing a new, ground-up headquarters space along Speedwell Avenue in Morristown in 2023. Valley also reported record earnings in 2025. And looking ahead, the bank rolled out a new campaign ahead of its centennial year, which hits in 2027.
“The acquisition of Bluevine directly advances the strategic priorities we have previously communicated to our shareholders,” said Valley Chairman, President and CEO Ira Robbins. “By combining Valley’s balance sheet and product capabilities with Bluevine’s digital platform and customer-acquisition engine, we can accelerate our aspiration to be the bank of choice for small businesses across the country.
Closer look
Accelerating Valley’s national digital banking franchise
According to the financial institution, “The acquisition of Bluevine enhances our funding capabilities, adds a proven nationwide deposit growth platform and accelerates our technology and AI initiatives.” Explore the presentation here.
“The combination also creates a compelling cross-sell opportunity to further deepen the scope of the current banking relationships across both Valley and Bluevine customer bases by delivering a broader set of products and an enhanced customer experience,” Robbins added.
Bluevine co-founder and CEO Eyal Lifshitz said the company launched to give small business owners the tools and experience necessary to manage and expand their enterprises.
“Valley shares that commitment and brings the balance sheet capacity, relationship banking expertise and broader capabilities necessary to support our customers through every stage of their journey,” Lifshitz said. Together, we will be able to expand our impact while preserving the technology, customer focus and entrepreneurial culture that have driven Bluevine’s success.”
Valley … brings the balance sheet capacity, relationship banking expertise and broader capabilities necessary to support our customers through every stage of their journey.
— Eyal Lifshitz, co-founder and CEO, Bluevine
The partners expect the deal consideration to comprise approximately 75% cash and 25% Valley common stock. Valley expects the acquisition to be approximately 8% accretive to estimated 2028 earnings per share. The transaction is also expected to result in approximately 5% tangible book value dilution at closing, with an estimated three-year earn-back period.
Deal team:
Cantor Fitzgerald & Co. serves as financial advisor to Valley, while Wachtell, Lipton, Rosen & Katz serves as legal counsel.
Financial Technology Partners acted as the exclusive advisor to Bluevine and its board of directors. Sidley Austin LLP served as legal counsel to Bluevine.
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