secwatch.observer — SEC 8-K summary
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Issuer:     VALLEY NATIONAL BANCORP (VLY)
CIK:        0000714310
Form:       8-K
Filed at:   2026-09-28T11:36:44+00:00
Accession:  0001193125-26-403391
Event type: m_and_a
Sentiment:  positive
Materiality: 0.72
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Valley National to acquire Bluevine for $340M, ~8% accretive to estimated 2028 EPS
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- Valley will acquire Bluevine Inc. for ~$340M total consideration: ~75% cash (~$255M) and ~6.3M VLY common shares (~25%), subject to customary adjustments.
- Bluevine brings $2.1B of digitally-sourced deposits growing at ~35% CAGR from 2023 through Q2 2026, ~175,000 active small business customers, and ~99% non-borrowing depositors.
- Deal expected ~8% accretive to estimated 2028 EPS and ~5% tangible book value dilution at closing, with an estimated ~3-year earn-back period.
- Adds ~180 R&D and engineering staff in Redwood City, Jersey City, Salt Lake City and Tel Aviv; Bluevine Co-Founder/CEO Eyal Lifshitz will join Valley as Head of Small Business Banking.
- Close expected in early 2027 subject to standard regulatory approvals; Cantor Fitzgerald and Wachtell Lipton advise Valley, Financial Technology Partners and Sidley Austin advise Bluevine.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714310/000119312526403391/0001193125-26-403391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714310/000119312526403391/d31493d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-403391

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