Valley will gain low-cost deposits from deal for Bluevine
Valley National Bancorp is acquiring Bluevine for $340M to gain low-cost deposits. Bluevine's deposits are expected to grow from $3.1B to $5B by 2028, with a lower funding cost (1.44%) than Valley's (2.28%). Valley aims to reduce reliance on high-cost funding and increase profits by 8% in 2028. Valley's stock rose 1% post-announcement.





