US Bank Valley National Acquires Israeli Fintech Bluevine for $340 Million

Valley National Bancorp, the parent company of Valley National Bank, has signed a binding agreement to acquire the Israeli fintech company Bluevine for approximately $340 million. Bluevine, co-founded by Israelis Eyal Lifshitz and Nir Keller, operates a development center in Tel Aviv and is headquartered in Jersey City. The deal, expected to close in early 2027 pending regulatory approval, will see the acquisition paid for with about 75% cash and 25% Valley National Bancorp stock.

This acquisition represents a "relatively modest exit" for Bluevine, which had previously been valued at over $500 million. The company has raised around $250 million in equity and hundreds of millions more in debt and credit lines. Founded in 2013, Bluevine serves approximately 175,000 active small business customers in the U.S., offering services like business checking accounts, payments, invoicing, credit, and financial management tools. As of the second quarter of 2026, the company held about $2.1 billion in digitally sourced deposits, which had grown at an average annual rate of 35% since 2023.

For Valley National Bank, the acquisition aims to strengthen its funding sources, expand its small business banking operations, and accelerate its digital and artificial intelligence strategy. The deal is expected to bring about 180 R&D professionals and engineers from Bluevine's U.S. and Tel Aviv tech centers into the bank. Valley National Bank believes integrating Bluevine's engineering, product, data science, and AI capabilities will enhance its internal capacities and reduce reliance on external software providers.

Valley National Bank CEO Ira Robbins stated that the acquisition directly advances the bank's strategic priorities, enhancing its core funding capabilities, adding a proven small business growth platform, and significantly boosting digital and AI capacities. Bluevine co-founder and CEO Eyal Lifshitz noted that Valley National Bank shares Bluevine's commitment to providing small business owners with necessary financial tools and digital experiences. Lifshitz is expected to join Valley National Bank as head of small business banking upon the deal's completion.

This move follows Valley National Bank's 2022 merger with Bank Leumi USA, which made Bank Leumi of Israel a significant shareholder. Since then, Valley National Bank has increased its engagement with tech companies, venture capital funds, and clients with Israeli ties, including investments in Israeli venture capital funds. Valley National Bank, founded in 1927, manages over $66 billion in assets and operates more than 220 branches and commercial offices across the U.S., with a presence and Hebrew-speaking teams serving Israeli clients and businesses.