The Daily Buyout
$340MStrategic acquisitionFinancial Services

Valley National to buy small-business fintech Bluevine for $340M

Valley National Bank agreed to acquire Bluevine for $340 million, adding $2.1 billion in deposits that will transfer from partner bank Coastal Community Bank to the $66 billion-asset lender in the first half of 2027. Bluevine's 1.44% cost of deposits compares with Valley's 2.28%, and the deal brings about 180 R&D employees plus an AI-heavy platform that resolves roughly 80% of inbound inquiries automatically.

Why it matters: Bank-buys-fintech is back, with Valley paying for cheap deposits and AI engineering talent rather than branches.

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More Financial Services deals

$240MStrategic acquisitionFinancial ServicesOct 8, 2026

Third Coast to buy Oklahoma's Great Plains for $240M

Houston-based Third Coast Bancshares agreed to acquire Great Plains National Bank's parent in a $240 million all-stock deal. Great Plains has $1.9 billion in assets, $1.7 billion in deposits and 23 branches across Oklahoma and Texas, and will operate as a division of Third Coast Bank.

Read at Banking DiveFree