Valley National Buys Bluevine for $340M

Valley National Bancorp, a bank based in Morristown, New Jersey, has signed a definitive agreement to purchase Bluevine, a digital banking platform for small businesses.

The transaction will cost Valley $340 million. The payment structure includes roughly 75% cash and 25% Valley common stock.

Bluevine, founded in 2013 and headquartered in Jersey City, serves approximately 175,000 active small business customers. The company received the 2026 Best Overall Small Business Bank award from Money.com.

The acquisition is designed to expand Valley’s small business franchise and strengthen its funding base. Bluevine brings $2.1 billion in low-cost, digitally sourced deposits to the buyer. About 99% of these deposits come from non-borrowing customers, providing Valley with a diversified source of core funding.

The deal also adds approximately 180 research and development professionals and engineers to Valley’s team. This addition is intended to accelerate the bank’s technology and artificial intelligence strategy. Valley stated that the merger aligns with its goals to enhance its digital capabilities and expand its small business offerings.

Ira Robbins, Chairman, President and CEO of Valley, said Bluevine has built an impressive franchise with a diversified base of small business operating deposit relationships. He noted that combining Valley’s balance sheet with Bluevine’s digital platform will help the bank become the preferred choice for small businesses across the country.

Eyal Lifshitz, Co-Founder and CEO of Bluevine, said the company was founded to provide small business owners with the financial tools and digital experience needed to manage and grow their businesses. Lifshitz stated that Valley brings the balance sheet capacity and relationship banking expertise necessary to support customers through every stage of their journey. Lifshitz will join Valley as Head of Small Business Banking when the transaction closes, expected in early 2027.