Valley National Bancorp agrees to buy small-business digital bank Bluevine for $340 million
The deal, split roughly 75% cash and 25% stock, brings Bluevine’s digital banking platform for small businesses under a regulated bank holding company, with Bluevine CEO Eyal Lifshitz set to lead Valley’s small-business banking unit after close.
Valley National Bancorp, the holding company for Valley Bank, said it has entered a definitive agreement to acquire Bluevine, a digital banking platform built for small businesses, in a deal valued at approximately $340 million.
Under the terms of the agreement, Valley will pay roughly 75% of the purchase price in cash, or about $255 million, with the remainder in Valley common stock, representing approximately 6.3 million newly issued shares. The transaction is expected to close in early 2027, subject to customary regulatory approvals.
Bluevine offers business checking accounts, lines of credit and other banking products aimed at small and midsize businesses, a customer segment Valley has said it wants to grow using Bluevine’s digital-first technology and underwriting. As part of the deal, Bluevine chief executive Eyal Lifshitz is expected to join Valley as head of its small-business banking division once the acquisition closes.
Valley framed the acquisition as a way to accelerate its digital and AI capabilities and deepen its reach into small-business banking, a segment both regional and community banks have increasingly contested with venture-backed fintech platforms. Neither company disclosed Bluevine’s current deposit base or customer count alongside the announcement, and the deal remains subject to the standard closing conditions typical of bank holding company acquisitions.