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Valley National to acquire Bluevine for about $340 million
The deal would add $2.1 billion in Bluevine core deposits generated digitally, with an average deposit cost of 1.4% versus Valley National’s baseline 2.3%.
Valley National Bancorp has agreed to acquire digital small business banking platform Bluevine for about $340 million, positioning the regional bank to bolster its digital capabilities through a buy-versus-build strategy, MarketBeat Ratings reports.
The acquisition, announced on Sept. 28, 2026, is designed to address a difficult banking environment marked by deposit outflows and heightened competition from digital platforms, according to the report.
MarketBeat Ratings says the near-term value centers on cost-of-capital arbitrage, as Bluevine brings $2.1 billion in core deposits generated entirely through digital channels.
Those deposits have an average cost of 1.4%, compared with Valley National’s baseline deposit cost of 2.3%, a funding-cost reduction the report links to an improved financial outlook.