MVB Bank Acquires Deposits and Certain Assets of The First State Bank
MVB Financial Corp. (MVBF)
NASDAQ:AMEX Investor Relations:
ir.mvbbanking.com/corporateprofile
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Source: Business Wire
FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial” or “MVB”) and its wholly-owned subsidiary MVB Bank, Inc. (“MVB Bank”) announced that MVB Bank has purchased the deposits and certain assets of The First State Bank (“First State”) through an agreement with the Federal Deposit Insurance Corporation (FDIC). The West Virginia Department of Financial Institutions declared First State insolvent today and appointed the FDIC as receiver. The purchase by MVB Bank is effective immediately. As of December 31, 2019, First State had approximately $139.5 million in total deposits."We are pleased to welcome the clients of First State to the MVB family and want to assure them that their deposits are safe, secure and readily accessible. It will be business as usual on Saturday at all of the former First State banking centers and drive-thru locations as First State becomes a part of MVB Bank," said Larry F. Mazza, President and CEO, MVB Financial. "As a trusted p
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MVBF
Earnings
- 10/30/24 - Miss
MVBF
Sec Filings
- 11/21/24 - Form 8-K
- 11/14/24 - Form 8-K
- 11/5/24 - Form 8-K
- MVBF's page on the SEC website