MVB Financial Corp. was formed on May 29, 2003 and became a bank holding company
under the laws of West Virginia on January 1, 2004, and, effective December
19, 2012, became a financial holding company. The Company features multiple
subsidiaries and affiliated businesses, including MVB Bank, Inc. (the “Bank”
or “MVB Bank”) and its wholly-owned subsidiary MVB Mortgage and
MVB Insurance, LLC (“MVB Insurance”).
On December 31, 2013, three Company subsidiaries, MVB-Central, Inc. (a second-tier
level holding company), MVB-East, Inc. (a second tier holding company) and Bank
Compliance Solutions, Inc. (an inactive subsidiary) were merged into the Company.
he Bank was formed on October 30, 1997 and chartered under the laws of the
State of West Virginia. The Bank commenced operations on January 4, 1999. In
August of 2005, the Bank opened a full service office in neighboring Harrison
County, West Virginia. During October of 2005, the Bank purchased a branch office
in Jefferson County, West Virginia, situated in West Virginia’s eastern
panhandle. During the third quarter of 2007, the Bank opened a full service
office in the Martinsburg area of Berkeley County, West Virginia. In the second
quarter of 2011, the Bank opened a banking facility in the Cheat Lake area of
Monongalia County, West Virginia. The Bank opened its second Harrison County,
West Virginia location, the downtown Clarksburg office in the historic Empire
Building during the fourth quarter of 2012.
Currently, the Bank operates thirteen full-service banking branches in West
Virginia and Virginia, which are located at: 301 Virginia Avenue in Fairmont,
Marion County; 100 NASA Boulevard in Fairmont, Marion County; 1000 Johnson Avenue
in Bridgeport, Harrison County; 406 West Main St. in Clarksburg, Harrison County;
88 Somerset Boulevard in Charles Town, Jefferson County; 651 Foxcroft Avenue
in Martinsburg, Berkeley County; 704 Foxcroft Avenue in Martinsburg, Berkeley
County; 5091 Gerrardstown Road in Inwood, Berkeley County; 2400 Cranberry Square
in Cheat Lake, Monongalia County; 10 Sterling Drive in Morgantown, Monongalia
County; 231 Aikens Center in Martinsburg, Berkeley County; 400 Washington Street
East in Charleston, Kanawha County; and 1801 Old Reston Avenue Reston, Fairfax
County.
The Company’s primary business activities, through its subsidiaries,
are currently community banking, mortgage banking and insurance services. As
a community-based bank, the Bank offers its customers a full range of products
through various delivery channels. Such products and services include checking
accounts, NOW accounts, money market and savings accounts, time certificates
of deposit, commercial, installment, commercial real estate and residential
real estate mortgage loans, debit cards, and safe deposit rental facilities.
Services are provided through our walk-in offices, automated teller machines
(“ATMs”), drive-in facilities, and internet and telephone banking.
Additionally, the Bank offers non-deposit investment products through an association
with a broker-dealer. Since the opening date of January 4, 1999, the Bank, has
experienced significant growth in assets, loans, and deposits due to strong
community and customer support in the Marion County and Harrison County, West
Virginia markets, expansion into Monongalia and Kanawha Counties, West Virginia
and, most recently, into Fairfax County, Virginia. With the acquisition of PMG,
mortgage banking is now a much more significant focus, which has opened up increased
market opportunities in the Washington, D.C. metropolitan region and added enough
volume to further diversify the Company’s revenue stream.
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