Valley National to Acquire Bluevine for $340M in Cash and Stock
VLY sits 36% above its 52-week low of $9.64.
Summary
Valley National Bancorp agreed to acquire fintech Bluevine Inc. for $340 million in cash and stock, adding $2.1 billion in low-cost deposits and a digital small business platform. The deal is expected to be ~8% accretive to 2028 EPS with ~5% TBV dilution at close.
Key Events · M&A and Partnerships · VLY
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Bluevine Acquisition Announced
Valley National Bancorp entered into a definitive agreement to acquire Bluevine Inc. for $340 million in total consideration — approximately $255 million in cash and 6.3 million shares of Valley common stock.
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Financial Impact Projected
Management expects ~8% EPS accretion by 2028, ~5% tangible book value dilution at close, a ~3-year TBV earn-back period, and 10.3%+ pro forma CET1 capital ratio at closing.
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Strategic Deposit and Technology Gains
Bluevine brings $2.1 billion in low-cost deposits at a 1.44% cost (84bps below Valley's 2.28%), 175,000 active small business customers, and ~180 R&D professionals to accelerate Valley's AI and digital strategy.
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Regulatory and Closing Timeline
The transaction does not require bank regulatory approval or Valley shareholder approval, is subject to HSR approval, and is expected to close in early 2027.
Analysis · VLY · Finance
A definitive agreement has been signed for Valley National Bancorp to acquire Bluevine Inc. for $340 million — $255 million in cash and roughly 6.3 million shares of Valley common stock. The deal brings $2.1 billion in low-cost digital deposits at a 1.44% cost, 175,000 active small business customers, and approximately 180 R&D professionals to accelerate Valley's AI and digital banking strategy. Management projects ~8% EPS accretion by 2028 and ~5% tangible book value dilution at close with a ~3-year earn-back. This is Valley's second acquisition in five weeks, following the $247 million Providence Financial deal announced August 25, 2026, signaling an aggressive expansion strategy.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, VLY was trading at $13.08 on NASDAQ in the Finance sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $9.64 to $15.20. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.