25.78
-0.50%
Close of 9 Nov 2026, in USD
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About MVB Financial
From its filings with the US Securities and Exchange Commission
MVB Financial is based in Fairmont, West Virginia and is incorporated in West Virginia. Its shares trade on Nasdaq under the ticker MVBF. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2019, it reported revenue of $3.4m. By business, Service charges on deposit accounts brought in 41.4% of revenue, followed by Consulting income at 27.1% and Debit card and interchange income at 16.8%.
MVB Financial Corp. is a financial holding company organized in 2003 as a West Virginia corporation that operates principally through its wholly-owned subsidiary, MVB Bank, Inc. (the “Bank”). The Bank’s consolidated subsidiaries include MVB Edge Ventures, Inc. (“Edge Ventures”), Paladin Fraud, LLC ("Paladin Fraud") and MVB Insurance, LLC. Edge Ventures wholly-owns MVB Technology, LLC and Victor Technologies, Inc. ("Victor"). The Bank also owns an equity method investment in Intercoastal Mortgage Company, LLC (“ICM”) and MVB Financial Corp. owns equity method investments in Warp Speed Holdings, LLC (“Warp Speed”) and Ayers Socure II, LLC (“Ayers Socure II”). MVB Financial Corp.'s consolidated subsidiaries also include SPE PR, LLC.
We conduct a wide range of business activities through the Bank, primarily commercial and retail (“CoRe”) banking services, as well as Fintech banking.
We provide innovative strategies to independent banking and corporate clients throughout the United States. Our dedicated Fintech team specializes in providing banking services to corporate Fintech clients, primarily focusing on operational risk management and compliance. Managing banking relationships with clients in the payments, banking-as-a-service and gaming industries is complex, from both an operational and regulatory perspective. Due to this complexity, there are a limited number of banking institutions serving these industries, which can result in a lack of quality focus on these entities, providing us with an expanded pool of potential customers.
Quoted from its 10-K, filed 12 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 11 Mar 2002
- Employees
- 403
- Head office
- 301 VIRGINIA AVENUE, FAIRMONT, WV, 26554-2777
- Incorporated in
- WV
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. W. Marston BeckerIndependent Chairman of the Board$192,995
- Mr. Larry MazzaPresident, Chief Executive Officer, Director, since 2025$2.2m
- Mr. Donald RobinsonPresident, Chief Financial Officer$1.1m
- Mr. Michael SumbsChief Financial Officer, Executive Vice President
- Mr. Craig GreathouseExecutive Vice President, Chief Administrative Officer, since 2022$695,068
- Mr. Michael GiorgioExecutive Vice President, Chief Information Officer$667,721
- Mr. Joseph RodriguezExecutive Vice President, Chief Risk Officer$168,105
- Mr. Jeffrey WeidleyChief Deposit Officer
- Mr. Rick CordellaDirector
- Mr. John EbertIndependent Director$146,078
- Mr. Glen HerrickIndependent Director
- Mr. Victor MaculaitisIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 32
- Environment
- 2
- Social
- 22
- Governance
- 74
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- MVB Financial Corp has consistently demonstrated a strong financial performance, with stable revenue growth and profitability. This has allowed the company to invest in strategic initiatives and expand its market presence.
- MVB Financial Corp operates in multiple business segments, including commercial banking, mortgage banking, and wealth management. This diversification provides the company with opportunities for revenue generation from various sources and reduces its dependence on a single segment.
Weaknesses
- MVB Financial Corp primarily operates in a limited geographic area, which poses a risk of potential revenue stagnation. Expansion into new markets may be necessary to mitigate this weakness and tap into new customer bases.
- As a relatively small financial institution, MVB Financial Corp may face challenges in competing with larger players in terms of brand recognition, resources, and market reach. Strategic partnerships or acquisitions could be considered to gain a competitive edge.
Opportunities
- The increasing popularity of digital banking presents an opportunity for MVB Financial Corp to enhance its digital offerings, attract tech-savvy customers, and streamline its operations. Investment in technology and innovation will be key to capitalize on this trend.
- MVB Financial Corp can explore new markets or regions where it currently has limited presence. By identifying underserved areas, the company can expand its customer base and increase market share, potentially leading to sustainable growth.
Threats
- The financial industry is highly competitive, and MVB Financial Corp faces competition from large banks, regional banks, credit unions, and non-banking financial institutions. It must continuously innovate and differentiate its products and services to retain and attract customers.
- Fluctuations in the economy, interest rates, and global markets can impact MVB Financial Corp's operations and profitability. It must closely monitor economic indicators, adapt to changing market conditions, and implement risk management strategies to mitigate potential downturns.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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