Valley National Bancorp to buy Bluevine for USD 340 million
Bitget2026/09/28 11:32- Valley National Bancorp agreed to buy digital small-business banking platform Bluevine for about $340 million, paid 75% in cash, 25% stock.
- Deal adds $2.1 billion of low-cost digitally sourced deposits, a national digital acquisition channel, and about 175,000 active small-business customers.
- Bluevine’s deposits rose about 35% CAGR from 2023 through Q2 2026; about 99% come from non-borrowing customers.
- Transaction expected to be about 8% accretive to 2028 EPS, with about 5% tangible book value dilution and a roughly three-year earnback.
- Closing targeted for early 2027; Bluevine CEO Eyal Lifshitz set to become head of small business banking post-close.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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