Who We Are
Focused on the future, we seek "blue ocean" opportunities
Helping power potential in our communities since 1999
Who We Are
At MVB Financial Corp., we think big, striving to empower our communities and to embrace industry disruption. With our MVB 3.0 strategy, we seek “blue ocean” opportunities.
MVB Financial Corp. (“MVB Financial” or “MVB”), the holding company of MVB Bank, is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank’s subsidiaries, the MVB Community Development Corporation, Chartwell Compliance and Paladin, the company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond.
At MVB Financial Corp., we choose to see the good and to do the good. At our core, the good we truly do is to power the potential of our individual clients. We choose to see the good in people, businesses and communities. We listen to your goals and help you seize the opportunity to succeed. Your success is the rule by which we measure our own success. At MVB, we power potential.
During its 20-plus-year history, MVB Bank has grown from a community bank with 35 employees to a forward-thinking, NASDAQ-listed, Russell 2000® company with more than 400 Team Members living in more than 20 different states. MVB’s model now goes beyond traditional banking and leverages the disruption occurring in the financial services industry to the benefit of our shareholders.
Formed on October 30, 1997, MVB Bank was chartered under the laws of the State of West Virginia and commenced operations on January 4, 1999. MVB Financial Corp. (“MVB Financial”) was formed on January 1, 2004, as a bank holding company and, effective December 2012, became a financial holding company. The company is headquartered in Fairmont, West Virginia.
The MVB Bank footprint now includes 13 banking centers, 10 in West Virginia and three in Virginia. MVB’s main location is in Fairmont, West Virginia. In addition, MVB also has banking centers in the following West Virginia locations: Bridgeport, Clarksburg, Fairmont (I-79 Technology Park), Morgantown (Sabraton and Suncrest) and Charleston. In 2015, MVB Bank opened its first banking center in Northern Virginia in Reston, Virginia. In 2017, MVB opened a banking center in Leesburg. In 2018, MVB Bank further expanded in Northern Virginia and added a banking center in McLean, relocated its Reston banking center and opened a regional corporate headquarters in Reston. In 2020, MVB acquired banking centers in Barboursville (Central Avenue), Huntington and Hurricane (Teays Valley), West Virginia.
The MVB Community Development Corporation (CDC) was established as a subsidiary of MVB Bank in 2017. The CDC, as well as its subsidiary, the MVB Community Development Partnership, Inc. (CDPI), were designed to help meet the financial needs of the communities MVB serves. The goals of the CDC are to transform low-income communities, create economic opportunities, and finance qualified businesses through the provision of capital investments and lending in West Virginia, Southwestern Pennsylvania, and Northern Virginia in a manner that vitally impacts the lives of individuals and communities.
MVB Financial Corp. started trading on the Nasdaq Capital Market® under the symbol “MVBF” on December 7, 2017. MVB became the first West Virginia-based bank in 18 years to be listed on the Nasdaq. On March 28, 2018, MVB celebrated this major milestone in its growth journey by participating in the Nasdaq Closing Bell Ringing at the Nasdaq MarketSite Studio in Times Square.
In June 2018, the FTSE Russell added MVB Financial to the Russell 2000® Index as part of its annual index reconstitution, which was another big step in MVB’s growth journey.
In September 2019, Chartwell Compliance joined the MVB family through its acquisition as a wholly-owned subsidiary of MVB Bank. The move further differentiated MVB’s expanding Fintech vertical with its commitment to regulatory and compliance excellence. Chartwell is one of the world’s leading specialist firms in state and federal compliance, as well as market entry facilitation for firms entering into or expanding in North America, serving many of the most high-profile providers of the Fintech industry.
In fall 2019, MVB opened a Fintech Operations Center in Fintech-friendly Salt Lake City to better serve our clients, which are now located from coast to coast.
In September 2019, MVB was chosen as a Sandler O’Neil Sm-All Star for 2019. MVB was one of only 30 major exchange-traded banks to earn this honor and one of only 13 new members to the 2019 class.
In April 2020, Paladin joined the MVB family through its acquisition by a wholly-owned subsidiary of MVB Bank. The move further differentiates MVB’s expanding Fintech vertical with its commitment to fraud prevention. Founded by a group of insider industry experts who knew what fraud prevention can and should be, Paladin offers an extensive and customizable suite of services for merchants, credit agencies, Fintechs and vendors. Paladin strategizes for the long game, helping clients and partners defend against today’s threats—and tomorrow’s. Paladin places special focus on education and training, arming these types of organizations with the insight they need to stay on top.
In December 2012, MVB Bank acquired Potomac Mortgage Group (“PMG”), a mortgage company based in the Northern Virginia area with offices in Washington, D.C., North Carolina, and South Carolina. From 2012 to 2020, PMG (dba MVB Mortgage) was a wholly owned subsidiary of MVB Bank. In July 2020, PMG (dba MVB Mortgage) completed a combination with Intercoastal Mortgage Company, a Van Metre Company. MVB Mortgage and ICMC are now one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic region: Intercoastal Mortgage, LLC. Under this new structure, MVB Bank remains affiliated with MVB Mortgage, which offers a broad line of residential mortgage loan products. MVB Mortgage is a licensed trade name of Intercoastal Mortgage, LLC.
Want to know more? For more information visit the website for Chartwell Compliance at www.chartwellcompliance.com, the website for Paladin at http://paladinfraud.com and the website for Intercoastal Mortgage at https://www.icmtg.com.
MVB Financial Corp.
301 Virginia Avenue
Fairmont, West Virginia 26554-2777
Telephone: 844-MVB-BANK (844-682-2265)
FAX: (304) 366-8600
MVB Financial Corp. Board of Directors
- David B. Alvarez
- John W. Ebert
- Daniel W. Holt
- Gary A. LeDonne
- Larry F. Mazza
- Dr. Kelly R. Nelson
- J. Christopher Pallotta
- Cheryl Spielman
- Anna Sainsbury
Senior Leadership Team
- Larry F. Mazza, President & CEO, MVB Bank
- Don Robinson, Executive Vice President, CFO
- Matt West, Chief Strategy Officer
- Brad Greathouse, Executive Vice President, Chief People and Culture Officer
- John Marion, Executive Vice President, Chief Risk Officer
- John Schirripa, Regional President, Chief Commercial Lending Officer
- Jamie Nalls, Chief CoRe Banking Officer
Byron Schulze: Regional President, CoRe Banking Officer
Matt Dean, Chief Credit Officer
Pat Runge, Senior Vice President, Chief Technology Officer
Amy Baker, Vice President, Corporate Communications & Marketing
Herman DeProspero: North
Frank Sutton: Central
Josh Arthur: South
Craig Schmitz: Northern Virginia
Christopher Turley: Government Lending
Tina Spangler: North
Brandi Tennant: Central
Ryan Long: South
Vickie Hanel: Northern Virginia
Investing in Our Communities
At MVB, we believe in transforming lives, helping businesses grow and striving to bring out the best in each other, our client experience and the communities we serve. MVB respects our responsibility outlined in the Community Reinvestment Act, but we believe in service because it’s the right thing to do.