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Valley National Bancorp Buys Bluevine for $340M to Add $2.1B in Core Deposits
The deal would expand Valley’s small-business platform and add engineering and AI capabilities, with about 175,000 customers and $2.1 billion in deposits.
- On Monday, New Jersey-based Valley National Bancorp announced a definitive agreement to acquire Israeli fintech Bluevine for $340 million, with the deal expected to close in early 2027.
- Valley CEO Ira Robbins said the acquisition advances strategic priorities by adding Bluevine's "proven digital acquisition channels, proprietary technology and modern customer experiences," addressing core funding challenges.
- Bluevine CEO Eyal Lifshitz, who will join Valley as Head of Small Business Banking, noted the platform brings about $2.1 billion in deposits and serves 175,000 active small business customers.
- Following the acquisition of Illinois-based Providence Financial Corp last month for $247 million, Valley executives emphasized Monday they do not anticipate pursuing further deals, projecting 8% earnings per share accretion.
- As the competitive landscape evolves, lenders seek fintechs to reduce reliance on third-party software; this acquisition positions the firm as "a much stronger and more relevant small business competitor," Robbins said.
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Valley National Bancorp Buys Bluevine for $340M to Add $2.1B in Core Deposits
Valley National Bancorp (NASDAQ:VLY) announced an agreement to acquire Bluevine Inc., a digital banking platform focused on small businesses, in a $340 million transaction expected to close early in the first quarter of 2027. Valley said the acquisition is intended to strengthen its funding profile
·Sioux Falls, United States
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Valley National Bancorp to Acquire Bluevine Inc., Accelerating Its Digital Small Business Growth Strategy and Meaningfully Enhancing Its Core Funding Capabilities
NEW YORK, N.Y. and JERSEY CITY, N.J., Sept. 28, 2026 (GLOBE NEWSWIRE) -- Valley National Bancorp ('Valley”) (NASDAQ: VLY) and Bluevine Inc. ('Bluevine”) announced today that...
·Manila, Philippines (the)
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right2Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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