A Jersey City-based company has a deal to sell its business about 13 years after launching, and it will be under the Valley National Bancorp umbrella sometime next year.
Morristown-based Valley National Bancorp announced that it has entered into a definitive agreement to acquire Bluevine, a leading nationwide digital banking platform for small businesses. Founded in 2013 and headquartered in Jersey City, Bluevine serves approximately 175,000 active small business customers and was voted 2026 Best Overall Small Business Bank by Money.com.
Valley National says the acquisition directly aligns with its stated strategic priorities of enhancing its funding base, expanding its small business franchise, and accelerating its digital and artificial intelligence strategy. Bluevine will bring Valley $2.1 billion in low-cost, digitally sourced deposits and an established suite of integrated banking, payments, lending, and financial-management solutions for small businesses nationwide.
Approximately 99% of these deposits are currently from non-borrowing customers, which is expected to provide Valley with access to a diversified, relationship-driven source of core funding. Valley says its existing small business customers will benefit from Bluevine’s digital platform when the sale is complete, as it will provide a unified experience for small businesses.
The acquisition also aims to accelerate Valley’s technology and AI strategy, adding approximately 180 research and development professionals and engineers to Bluevine’s footprint.
Valley will pay $340 million to acquire the company, consisting of approximately 75% cash and 25% Valley common stock.
“Bluevine has built an impressive franchise which has generated a diversified base of small business operating deposit relationships, a highly engaged customer community and a modern technology platform purpose-built for the needs of small businesses,” said Ira Robbins, Valley’s Chairman, President & CEO. “By combining Valley’s balance sheet and product capabilities with Bluevine’s digital platform and customer-acquisition engine, we can accelerate our aspiration to be the bank of choice for small businesses across the country.”
Eyal Lifshitz, Co-Founder & CEO of Bluevine, similarly praised Valley National in a statement following the sale announcement.
“Bluevine was founded to give small business owners the financial tools and digital experience they need to manage and grow their businesses,” Lifshitz said. “Valley shares that commitment and brings the balance sheet capacity, relationship banking expertise and broader capabilities necessary to support our customers through every stage of their journey.”
Lifshitz will join Valley as Head of Small Business Banking when the transaction closes, expected sometime in early 2027.
