Valley National Bancorp to acquire Bluevine for $340M
Valley National Bancorp has agreed to acquire New Jersey-based Bluevine, a digital banking and payments platform serving 175,000 US SMBs, for $340M. The deal gives the bank a digital small business platform and accelerates its technology and AI strategy.
- Deal valued at $340M
- Bluevine serves 175K US SMBs
- Bank gains a digital small business platform
- Deal aims to accelerate technology and AI strategy
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