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Providence Business News
Trends
- 1
Valley National Bancorp has agreed to acquire Bluevine, a small-business banking platform, in a deal valued at $340 million. The acquisition gives the New Jersey-based bank a larger footprint in digital banking services for small businesses, combining a traditional regional lender with a fintech-focused banking provider. Terms beyond the headline price have not been detailed in initial reports.
- 2
Providence Alaska is launching a new residential behavioral health program for young people in the state. The program will provide residential care for youth facing behavioral health challenges, adding capacity in a state where such services have been limited. Details on opening dates, capacity and eligibility have not yet been released, but the announcement is drawing attention from health and business circles in Alaska.