Valley National to Buy Bluevine in $340 Million Mixed Deal
Valley said the fintech purchase is expected to add core funding, a small-business growth platform, and faster digital and AI capabilities.
Valley National Bancorp (VLY) agreed to acquire Bluevine Inc. in a mixed cash-and-stock transaction valued at approximately $340 million, with consideration of about 75% cash and 25% Valley common stock.
The deal is expected to close in early 2027, subject to standard regulatory approvals and the satisfaction or waiver of other customary closing conditions.
The bank said the acquisition aligns with strategic priorities it has already outlined: enhancing its funding base, expanding its small business franchise, and accelerating its digital and artificial intelligence strategy.
Ira Robbins, Valley’s Chairman, President & CEO, said the purchase “directly advances the strategic priorities we have previously communicated to our shareholders.” He said it is expected to enhance core funding capabilities, add a proven small business growth platform, and meaningfully accelerate digital and AI capabilities.
The mix of cash and Valley stock is the structural feature of the agreement as disclosed. About three-quarters of the approximately $340 million consideration is cash, with the remaining quarter in Valley common stock.
Valley framed Bluevine as a small-business growth platform rather than a branch-network or regional expansion. The company said the acquisition is expected to add core funding and to speed its digital and AI agenda, the same three priorities it listed in the announcement.
The transaction is not yet complete. Closing is expected in early 2027, contingent on standard regulatory approvals and other customary conditions.