Valley National to acquire Bluevine for $340M — SkimNews
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- Valley National Bancorp has agreed to acquire New Jersey-based Bluevine for $340 million.
- Bluevine is a digital banking and payments company serving approximately 175,000 small and mid-sized businesses across the US.
- The acquisition gives Valley National a dedicated digital small business platform alongside its existing operations.
- Valley National explicitly framed the deal as a move to accelerate its technology and AI strategy.
Why it matters: Valley National is paying $340 million for Bluevine's digital banking platform serving 175,000 SMBs, with the bank itself citing AI and technology acceleration as the deal's stated rationale — making this as much a tech strategy bet as an SMB account grab for the regional lender.
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