Mergers & Acquisitions ·
Valley National Bancorp agrees to acquire Bluevine; Coastal holds $447M in related deposits
CCBCoastal Financial Corp
Coastal Financial Corporation disclosed that Bluevine, Inc., a fintech partner of its subsidiary Coastal Community Bank, entered into a definitive agreement to be acquired by Valley National Bancorp. As of June 30, 2026, the bank held approximately $447 million in deposits related to this partnership. The company stated it does not expect the transaction to have a material adverse effect on its liquidity or funding profile, citing diversified partner relationships and flexible sweep arrangements. Coastal Financial Corporation operates as a financial holding company primarily engaged in banking services.