Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — Merger or Acquisition (September 2026)
16 slides from Valley National Bancorp's merger presentation, Sep 28, 2026
Slide 1: Accelerating Valley's National Digital Banking Franchise: Acquisition of Bluevine Inc.
Exhibit 99.2 Accelerating Valley’s National Digital Banking Franchise Acquisition of Bluevine Inc. September 28, 2026
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management’s confidence and strategies and managem
Slide 3: Strategically Compelling Acquisition of Bluevine
Strategically Compelling Acquisition of Bluevine The Acquisition of Bluevine Enhances Our Funding Capabilities, Adds a Proven Nationwide Deposit Growth Platform and Accelerates Our Technology and AI Initiatives 1 ✓Grow Core Deposits: $2.1bn of active core deposits at a 1.44% cost, 84bps below Valley
Slide 4: A Leading SMB FinTech Banking Platform
A Leading SMB FinTech Banking Platform $2.1bn 175k $169mm 52k 1 2 Active Deposits Active SMB Customers Run-Rate Revenue LTM Account Growth Nationally Recognized Company Overview • Founded in 2013 and headquartered in Jersey City, NJ Best Best Online Business Checking Overall Small Business Bank • Pr
Slide 5: Advancing Traditional Banking in a Digital Age
Advancing Traditional Banking in a Digital Age The Bluevine acquisition keeps Valley ahead of the curve as bank + fintech convergence accelerates What the Fintech Disruptors Enable + Unlock New Deposit Channels: Low-cost deposits Digital customer acquisition: 175k small businesses gathered digitally
Slide 6: Digital Banking Channel Expands Valley's National Reach
Digital Banking Channel Expands Valley’s National Reach Valley’s Existing Branch Network Bluevine’s Nationwide Digital Reach 175k Active digital SMB customers NY 41 $2.1bn PA Core deposits on platform NJ 127 IL IN 12 3 CA 3 1.44% Cost of deposits (2Q26) AZ AL 16 ~$220 Customer acquisition cost FL 42
Slide 7: Adds Established AI Development Capabilities
Adds Established AI Development Capabilities AI -Powered AI -Infused Risk Native Financial Operations Management Operating System Data infrastructure creates a Engineering & back office Centralized decision making robust analytics platform Customer support & Expansion of payments ML / DL / LLM model
Slide 8: Deepens Valley's Specialty Deposit Mix
Deepens Valley's Specialty Deposit Mix Acquisition Significantly Enhances Core Deposit Growth Capabilities Specialty Deposit Mix Number of Accounts 99K 109K 144K 175K 663K 677K 687K 688K Healthcare & Other $2.0bn Digital SMB $2.1 Private Banking $48.8 $1.8 $46.8 $43.0 $41.6 $1.3 & Wealth $1.0 $2.1bn
Slide 9: Boosts Valley's Core Deposit Franchise
Boosts Valley’s Core Deposit Franchise Pro Forma Deposit Franchise $54.1bn $1.3bn $2.1bn $57.5bn 9% Indirect Customer 10% 65% 66% Traditional Deposits 100% 100% Specialized Deposits 26% 24% 2028 Target Loans / Core 107% 81% 6% 103% 100% Deposits Loans / 97% 81% 6% 93% 90% Deposits Cost of 2.28% 1.49
Slide 10: Scaled SMB Platform Drives Scalable Loan Origination
Scaled SMB Platform Drives Scalable Loan Origination Bluevine’s Lending Platform Fast and Easy Application Focus lending on opportunity to drive additional deposits Provides access to deep pool of potential small-ticket lending clients Multi-provider One loan Financing financing, single application,
Slide 11: Financial Impact Overview
Financial Impact Overview Key Terms & Insights Key Assumptions ▪ Pro Forma Ownership: Valley 99% / Bluevine 1% ▪ Cost Savings: $50mm run-rate pre-tax cost savings, based on 10% of combined company’s small business-related expenses, including tech, ▪ Closing Date: Expected in early 1Q 2027 marketing
Slide 12: Primary Integration Priorities
Primary Integration Priorities 1 2 3 Customer Continuity & Deposit Migration Cost Synergies Growth Momentum Transition deposits from partner bank to Valley, Uninterrupted Day 1 account and product access; Capture synergies without slowing unlocking the initial funding benefit sustain organic deposit
Slide 13: Summary Observations
Summary Observations Accelerate Valley's Strategic Focus on SMB Growth to Build a High-Quality Funding Engine ✓ Acquires Production-Grade AI Capabilities and Engineering Talent to Further Evolve Valley’s Technology Strategy ✓ Opportunity to Penetrate New SMB Relationships with Treasury Management an
Slide 14: Appendix
APPENDIX 14
Slide 15: Comprehensive Due Diligence Process
Comprehensive Due Diligence Process Detailed due diligence performed by an extensive combination of Valley professionals and third-party advisors • Key focus areas included: ✓✓✓✓✓✓ Finance and Technology & Deposit & Loan Cybersecurity & Risk Management External Audit Accounting Platform Architecture
Slide 16: For More Information
For More Information ▪ Go to our website: www.valley.com ▪ Email requests to: ajianette@valley.com ▪ Call Andrew Jianette in Investor Relations at: (551) 288-3182 ▪ Go to our website above or www.sec.gov to obtain free copies of documents filed by Valley with the SEC © 2026 Valley Bank. All rights r
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