Valley National Bancorp has agreed to acquire Bluevine, a digital financial-services company serving small businesses, for approximately $340 million. The transaction has not closed. Bluevine says customers’ accounts and terms will remain unchanged until closing, which the companies expect in early 2027 if regulatory approvals and other customary conditions are met.
What Valley has agreed to buy
Bluevine, based in Jersey City, New Jersey, was founded in 2013 and offers small businesses banking, payments, lending and financial-management services. The company reported approximately 175,000 active small-business customers as of June 2026 and said it had served more than 415,000 businesses since its founding. These figures were reported by Bluevine and Valley in their September 2026 announcement.
The companies also reported that Bluevine’s platform-generated deposits grew at an approximately 35% compound annual rate from 2023 through the second quarter of 2026, and that approximately 99% of those deposits came from non-borrowing customers. Bluevine and Valley reported approximately $2.1 billion in digitally sourced deposits. These are company-reported figures, not independently verified measures in the announcement.
Purchase price and deal structure
The reported total consideration is approximately $340 million, subject to adjustments under the agreement. Valley’s September 28, 2026 SEC filing says the consideration consists of approximately $255 million in cash and approximately 6.3 million shares of Valley common stock. The companies described the mix as approximately 75% cash and 25% stock.
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The definitive agreement was entered into on September 27, according to the filing, and announced the following day. The acquisition remains pending; the announcement does not mean Valley already owns Bluevine or that customer accounts have moved.
When the acquisition could close
Valley and Bluevine expect the transaction to close in early 2027, subject to regulatory approvals and customary closing conditions. That is a target, not a guaranteed date. Until closing, the companies say they will continue to operate separately.
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What the deal means for Bluevine customers
Bluevine’s customer FAQ says that, before closing, customers’ accounts and account access, account and routing numbers, cards, pricing, rates, terms and repayment schedules will remain the same. The FAQ also says eligible deposits retain their existing FDIC coverage and limits, and that APY remains unchanged during this pre-closing period. These statements address the period before closing; they do not establish what accounts or product terms will be after the acquisition is completed.
Bluevine says customers could eventually gain access to capabilities such as Valley’s more than 220 locations, Zelle and additional credit products. The company says details will be shared as features roll out. Those are prospective possibilities, not benefits already made available through the announced transaction.
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1Clear out junk files and repair common Windows errors2Fix the driver behind crashes, sound loss and screen glitches3Repair Windows errors before they cause bigger problemsWhy Valley says it is acquiring Bluevine
Valley says the acquisition would extend its small-business franchise with a nationwide digital customer-acquisition channel and strengthen its funding base. Its stated plan is to pair Valley’s branch network and broader treasury, credit, insurance, wealth and capital-markets offerings with Bluevine’s digital platform. Valley also pointed to Bluevine’s product, engineering, data-science and AI talent; the companies reported that Bluevine has approximately 180 research and development professionals and engineers.
“The acquisition of Bluevine directly advances the strategic priorities we have previously communicated to our shareholders. It is expected to enhance our core funding capabilities, add a proven small business growth platform and meaningfully accelerate our digital and AI capabilities,” Valley Chairman, President and CEO Ira Robbins said in the announcement.
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Valley’s financial projections—and what they do not guarantee
Valley projected that the acquisition, including expected synergies, would be approximately 8% accretive to estimated 2028 earnings per share. It also estimated approximately 5% tangible-book-value dilution at closing and a three-year earn-back period. These are Valley’s forward-looking estimates, not realized results or assurances. The investor presentation describes Bluevine company disclosures as unaudited and as of June 30, 2026.
For customers, the central distinction is timing: the deal is pending, and the stated continuity protections cover the pre-closing period. Any post-closing account changes or new features would depend on later company announcements.
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