MVB Bank - M&A Summary and Business Overview

Financial ServicesCompany

MVB Bank M&A Summary

MVB Bank has acquired 5 companies, including 5 in the last 5 years. It has also divested 4 assets.

MVB Bank has acquired in 5 different US states. The Company’s most targeted sectors include financial services (40%) and software (20%).

MVB Bank Business Overview

Where is MVB Bank headquartered?

MVB Bank is headquartered in Fairmont, West Virginia.

What is MVB Bank’s revenue?

MVB Bank disclosed revenue of 150M USD for 2022 and 122M USD for 2021.

How many employees does MVB Bank have?

MVB Bank has 477 employees.

What sector is MVB Bank in?

MVB Bank is a financial services company.

When was MVB Bank founded?

MVB Bank was founded in 1997.

M&A Summary

M&A Total Activity9
- M&A Buy Activity5
- M&A Sell Activity4
Total Sectors Invested 4
Total Countries Invested 1
M&A Buy/Sell Connections 3
M&A Advisors 1

MVB Bank

MVB Financial Corp.

301 Virginia Avenue,
Fairmont, West Virginia 26554
United States,
(304) 363-4800
www.mvbbanking.com

MVB Bank is a financial holding company, that provides banking services. MVB Bank was founded in 1997 and is based in Fairmont, West Virginia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.8/yr)	#	1	2	1	1	-	-	5
Sell (0.6/yr)	#	1	1	1	-	1	-	4
								9

Most Recent M&A

Company	Date	Value	Type
Chartwell Compliance	2023-03-01	-	Divestiture
Bethesda, Maryland · www.chartwellcompliance.com
Warp Speed Holdings LLC	2022-03-14	-	Stake Purchase
Jackson, Wyoming
MVB Bank’s Southern West Virginia Community Banking Operations	2021-04-23	-	Divestiture
Charleston, West Virginia
Trabian Technology, Inc.	2021-04-19	-	Add-on Acquisition
Fairmont, West Virginia · www.trabian.com
MVB Financial Corp. - Four WV Eastern Panhandle Banking Centers	2020-04-24	-	Divestiture
Martinsburg, West Virginia
Paladin Group	2020-04-17	-	Add-on Acquisition
, Illinois · www.paladinfraud.com
The First State Bank - Deposits and Certain Assets	2020-04-03	-	Divestiture
Stockbridge, Georgia
Chartwell Compliance	2019-09-16	-	Add-on Acquisition
Bethesda, Maryland · www.chartwellcompliance.com
MVB Insurance LLC	2016-07-01	-	Divestiture
Morgantown, West Virginia
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Financial Services	2 (40%)	-	2 (50%)	-
Business Services	1 (20%)	-	1 (25%)	-
Building Materials	1 (20%)	-	-	-
Software	1 (20%)	-	-	-
Insurance	-	-	1 (25%)	-
Total	5	-	4	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		5	-	4	-
	West Virginia	1	-	3	-
	Maryland	1	-	1	-
	Illinois	1	-	-	-
	Georgia	1	-	-	-
	Wyoming	1	-	-	-
Total		5	-	4	-

Top M&A Advisors

Legal	Deals
Squire Patton Boggs	4

M&A Connections

		Deals
Acquired from
Strategic(s)	20%	1 (20%)
Divested to
Strategic(s)	100%	4 (100%)

Company Summary

SECTOR

Financial Services

Revenue

150 23%	2022
122 5%	2021
117 4%	2020
121 40%	2019
87 7%	2018
82 2%	2017
83	2016
(millions of USD)	Show More Show Less

Employees

477

Established

1997

Public

NASDAQ: MVBF

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MVB Bank - M&A Summary and Business Overview

Financial ServicesCompany