Valley National to Acquire Bluevine by Early 2027
The Jersey City-based firm will be purchased for $340 million to bolster the buyer's digital banking and tech capabilities.
Updated on Oct. 27, 2026 in Financial Services
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Valley National Bancorp plans to acquire fintech firm Bluevine for $340 million in a deal expected to close in early 2027. The agreement includes the transfer of 180 research and development staff and $2.1 billion in deposits to the regional bank.
Why it matters
The acquisition allows Valley National Bancorp to integrate digital deposit bases and engineering talent into its existing technology and AI strategy. For Bluevine, the deal provides a path to exit amid broader market pressures on standalone neobank valuations.
Bluevine holds $2.1 billion in deposits that grew at a 35% compound annual rate through mid-2026, serving 175,000 active small-business clients. The acquisition payment structure is split between 75% cash and 25% company stock.
The players
Valley National Bancorp
A regional financial institution that holds $64.4 billion in total assets.
Bluevine
A fintech company serving small businesses that moved its U.S. headquarters to Jersey City in 2023.
Eyal Lifshitz
A co-founder who helped establish the fintech company in 2013.
Nir Klar
A co-founder who helped establish the fintech company in 2013.
The details
Valley National Bancorp will absorb Bluevine's operations, including its engineering workforce spread across Tel Aviv, Redwood City, and Salt Lake City. The deal aims to accelerate the bank's digital transformation by acquiring an established platform.
Timeline
Bluevine was founded in 2013.
The firm moved its U.S. headquarters to Jersey City in 2023.
Deposit growth was tracked through the second quarter of 2026.
The acquisition is scheduled to close in early 2027.
Market Landscape
This deal reflects the ongoing contraction in independent neobank valuations that has made standalone funding more difficult. It positions Valley National to compete more effectively by integrating digital banking infrastructure rather than building it from scratch.
Current Bluevine customers should expect no immediate changes to their service as the firm continues operations until the anticipated 2027 closing date. Following the merger, users may eventually see new financial products and services integrated into their accounts.
The takeaway
This acquisition highlights how established banks are increasingly looking to buy rather than build their digital infrastructure to keep pace with modern expectations. Small-business owners should monitor their accounts for potential updates or service shifts as the transition process unfolds.
Further reading
Learn more about local industry trends in the Financial Services section.
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Does a traditional bank acquiring a digital fintech increase your trust in their small-business services?
