Overview of Transaction

• Valley National Bancorp (NASDAQ VLY) has signed a definitive agreement to acquire Bluevine, a leading nationwide digital banking platform for small businesses, for a total consideration of approximately $340 million on a cash-free, debt-free basis, subject to agreement terms and customary adjustments
• Founded in 2013 and headquartered in Jersey City, New Jersey, Bluevine provides an integrated suite of digital banking, payments, lending and financial management solutions for small businesses
• As of June 2026, Bluevine served over 180k active small business customers and had served over 415,000 businesses since inception
• Valley is a regional financial institution with over $66 billion in assets that delivers a full range of consumer, commercial, and wealth management solutions designed to support everything from home ownership and business growth to long-term financial planning

Significance of Transaction

• The transaction adds a nationwide digital acquisition channel to complement Valley’s long-standing relationship-led banking model
• Bluevine customers will benefit from a more holistic value proposition as clients of the combined organization while Valley’s existing small business customers will benefit from Bluevine’s industry-leading digital platform in a unified experience for small businesses
• The acquisition will also accelerate Valley’s technology and AI strategy as Bluevine brings a highly capable engineering culture, modern technology architecture, and meaningful experience applying data and AI solutions to small business workflows which will give Valley greater control over its customer experience, more speed in bringing solutions to market, and a durable foundation for further innovation

FT Partners' Role

• FT Partners served as the exclusive financial and strategic advisor to Bluevine in this transaction
• FT Partners previously served as financial advisor to Bluevine on its $102.5 million Series F financing in November 2019
• This transaction underscores FT Partners’ deep domain expertise across digital banking technology and small business finance