Valley National Bancorp to Acquire Bluevine for About $340 Million

08:11 AM EDT, 09/28/2026 (MT Newswires) -- Valley National Bancorp (VLY) has entered into a definitive agreement to acquire digital banking platform Bluevine for about $340 million, the companies said Monday. The consideration is expected to include about 75% cash and 25% Valley common stock, subject to customary adjustments, according to a joint statement. The acquisition is expected to add about $2.1 billion in digitally sourced deposits and approximately 175,000 active small business customers to Valley, the companies said. Valley expects the acquisition to boost estimated 2028 earnings per share by about 8%, while reducing tangible book value by roughly 5% at closing, with the dilution expected to be recovered in about three years. The transaction is expected to close in early 2027, the companies said. Upon closing, Bluevine CEO Eyal Lifshitz will join Valley as head of small business banking. Shares of Valley National Bancorp were 0.2% higher in Monday premarket activity.