US Bank Valley Acquires Israeli Fintech Bluevine for $340 Million

Valley National Bancorp, the parent company of Valley National Bank, has entered into a binding agreement to acquire the Israeli fintech company Bluevine for approximately $340 million. The deal, expected to close in early 2027 pending regulatory approval, represents a relatively modest exit for Bluevine, whose valuation had previously been estimated at over $500 million. The acquisition price will be paid in roughly 75% cash and 25% Valley National Bancorp stock.

Bluevine, founded in 2013 by Israeli entrepreneurs Eyal Lifshitz and Nir Kalderon, operates a development center in Tel Aviv and is headquartered in Jersey City. The company serves around 175,000 small business customers in the U.S., offering services such as business checking accounts, payments, bill pay, invoicing, credit, and financial management tools. As of the second quarter of 2026, Bluevine held approximately $2.1 billion in digitally sourced deposits, which had grown at an average annual rate of about 35% since 2023.

For Valley National Bank, the acquisition aims to strengthen its funding base, expand its small business banking operations, and accelerate its digital and artificial intelligence strategies. The deal will bring approximately 180 R&D professionals and engineers from Bluevine's U.S. and Tel Aviv tech hubs to the bank. Valley National Bank anticipates that integrating Bluevine's engineering, product, data science, and AI capabilities will enhance its internal operations and reduce reliance on external software providers.

Valley National Bank CEO Ira Robbins stated that the acquisition directly advances the bank's strategic priorities, bolstering its core funding capabilities, adding a proven small business growth platform, and significantly accelerating its digital and AI capacities. Bluevine co-founder and CEO Eyal Lifshitz expressed that Valley shares Bluevine's commitment to providing small business owners with essential 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 acquisition follows Valley National Bank's broader engagement with the tech and fintech industries, including its 2022 merger with Bank Leumi USA, which made Bank Leumi of Israel a significant shareholder. 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 dedicated presence and Hebrew-speaking teams serving Israeli clients and businesses.