Valley National Bancorp to acquire Bluevine

Regional bank holding company Valley National Bancorp is acquiring small business digital lender Bluevine for ~$340 million. The consideration is expected to consist of approximately 75% cash and 25% Valley common stock. The acquisition is expected to close in early 2027.

Founded in 2013, Bluevine serves 175,000 active small business customers across the US. Its platform combines business checking, payments, bill pay, invoicing, lending and financial management tools. The company has about $2.1 billion in digitally sourced deposits.

Bluevine raised ~$290 million in equity funding and it has two insurance backers: Nationwide, and Phoenix Insurance.

“The acquisition of Bluevine directly advances the strategic priorities we have previously communicated to our shareholders. It is expected to enhance our core funding capabilities, add a proven small business growth platform and meaningfully accelerate our digital and AI capabilities. Bluevine has built an impressive franchise which has generated a diversified base of small business operating deposit relationships, a highly engaged customer community and a modern technology platform purpose-built for the needs of small businesses. 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. 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.” – Ira Robbins, Valley’s Chairman, President & CEO.

“Bluevine was founded to give small business owners the financial tools and digital experience they need to manage and grow their businesses. 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. Together, we will be able to expand our impact while preserving the technology, customer focus and entrepreneurial culture that have driven Bluevine’s success. We look forward to joining Valley and continuing to enhance our small business banking platform.” – Eyal Lifshitz, Co-Founder & CEO of Bluevine.