Mergers & Acquisitions ·
Valley National Bancorp agrees to acquire Bluevine for $340M in cash and stock
VLYValley National Bancorp
Valley National Bancorp entered into a definitive agreement to acquire Bluevine Inc., a nationwide digital banking platform for small businesses, for total consideration of approximately $340 million. The transaction consists of roughly $255 million in cash and approximately 6.3 million shares of Valley common stock. The acquisition is expected to close in early 2027, subject to customary closing conditions including HSR approval. Bluevine brings $2.1 billion in low-cost deposits, 175,000 active small business customers, and an AI-focused engineering team to Valley. The deal is projected to be approximately 8% accretive to estimated 2028 earnings per share and result in about 5% tangible book value dilution at closing. Valley National Bancorp operates as a regional financial institution providing consumer, commercial, and wealth management banking services.