M&A Deal Summary |
|
|---|---|
| Date | 2021-04-23 |
| Target | MVB Bank’s Southern West Virginia Community Banking Operations |
| Sector | Financial Services |
| Buyer(s) | Summit Financial |
| Sellers(s) | MVB Bank |
| Deal Type | Divestiture |
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| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Financial Services |
Summit Financial Corp. provides plan design, consulting, actuarial, administration and investment-related services for both qualified and non-qualified employer-sponsored retirement plans, as well as, similar services for employee benefit plans.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (West Virginia) | 2 of 2 |
| Country (United States) | 2 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-04-24 |
MVB Financial - Four WV Eastern Panhandle Banking Centers
Martinsburg, West Virginia, United States MVB Financial Corp's Four WV Eastern Panhandle Banking Centers operates banking services with three of the offices are in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 Gerrardstown Road, Inwood) and one is in Jefferson County (88 Somerset Boulevard, Charles Town). |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1997 |
| Sector | Financial Services |
| Employees | 477 |
| Revenue | 150M USD (2022) |
MVB Bank is a financial holding company, that provides banking services. MVB Bank was founded in 1997 and is based in Fairmont, West Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 4 |
| Sector (Financial Services) | 2 of 2 |
| Type (Divestiture) | 3 of 4 |
| State (West Virginia) | 3 of 3 |
| Country (United States) | 3 of 4 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-19 |
Trabian
Fairmont, West Virginia, United States Trabian software development firm serving financial institutions. Trabian builds digital products, web and mobile applications for forward-thinking community banks, credit unions, digital banks, and Fintechs. Trabian was founded in 2003 and is based in Fairmont, West Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-14 |
Warp
Jackson, Wyoming, United States Warp is the holding company for the Warp Family of Companies, which includes CalCon Mutual Mortgage, dba OneTrust Home Loans, One Trust International, and Warp Speed Mortgage (collectively “OneTrust”), as well as investments in Click2Bind Insurance, Empower Title LLC, and Grind Analytics LLC. Together, Warp represents a horizontally integrated financial services platform focused on residential and commercial loan origination and servicing, title insurance services, business, and personal insurance brokerage, and data analytics to optimize business decisions in real-time. Through superior customer service and execution driven by technology, OneTrust has developed a premier independent loan origination platform. Warp is based in Jackson, Wyoming. |
Buy | - |
