Bluevine

Fintech · Banking · Small Business Banking

Acquisition

Valley National Bancorp acquires Bluevine for $340M

The regional bank trades its role as a fintech investor for outright ownership, absorbing a deposit base built entirely without physical branches.

• Valley National Bancorp signed a definitive agreement to acquire Bluevine for about $340 million, paid roughly 75% cash and 25% Valley stock, with closing expected in early 2027.
• Bluevine is a digital banking platform for small businesses founded in 2013 by Israeli entrepreneurs Eyal Lifshitz and Nir Klar, serving about 175,000 active business customers nationwide.
• Bluevine brings $2.1 billion in digitally-sourced deposits, 99% of it from non-borrowing customers, handing Valley a diversified, low-cost core funding source.
• Bluevine's platform-generated deposits grew at roughly a 35% compound annual rate from 2023 through the second quarter of 2026.
• The deal brings about 180 Bluevine engineers and R&D staff into Valley, and Bluevine co-founder and CEO Eyal Lifshitz is expected to join Valley as Head of Small Business Banking after closing.
• Valley's fintech push follows its 2022 merger with Bank Leumi USA, which made Bank Leumi a major shareholder and deepened Valley's ties to Israeli tech companies and venture funds.
• The acquisition shows regional banks moving from merely partnering with or funding fintechs to buying them outright for cheap digital deposits and in-house engineering talent.