MVB Financial, Corp. (NASDAQ: MVBF) (“the company”), chartered in 1997, is a $3.5 billion-asset commercially oriented bank holding company headquartered in Fairmont, West Virginia. The company has seven full-service branches with six in North Central West Virginia and one in Northern Virginia. MVBF offers a wide range of commercial and retail services through its West Virginia chartered banking subsidiary, MVB Bank, Inc. (“the bank”), with a Fintech focused strategy.
The bank also offers a suite of banking services to corporate Fintech companies focused on operational risk management and compliance. These services include consulting, compliance services, and payments processing services via various payment rails which provide MVBF with sources of stable, lower cost deposits and fee-based income. MVBF also has a variety of granular investments in Fintech entities, which it accounts for as strategic partnerships and its residential mortgage business is…
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