M&A Deal Summary

MVB Bank Acquires The First State Bank - Deposits and Certain Assets

On April 3, 2020, MVB Bank acquired financial services company The First State Bank - Deposits and Certain Assets from The First State Bank

Acquisition Highlights
  • This is MVB Bank’s 1st transaction in the Financial Services sector.
  • This is MVB Bank’s 2nd transaction in the United States.
  • This is MVB Bank’s 1st transaction in Georgia.

M&A Deal Summary
Date 2020-04-03
Target The First State Bank - Deposits and Certain Assets
Sector Financial Services
Buyer(s) MVB Bank
Sellers(s) The First State Bank
Deal Type Divestiture

Target

The First State Bank - Deposits and Certain Assets

Stockbridge, Georgia, United States
The First State Bank - Deposits and Certain Assets includes approximately $139.5 million in total deposits.

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Buyer(S) 1

Buyer

MVB Bank

Fairmont, West Virginia, United States
Category Company
Founded 1997
Sector Financial Services
Employees445
Revenue 146M USD (2023)
DESCRIPTION

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 2 of 5
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 5
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Chartwell Compliance

Bethesda, Maryland, United States

Chartwell Compliance provides integrated regulatory compliance, financial crimes prevention and enterprise risk management services which include consulting, outsourcing, testing, and training solutions Chartwell Compliance is based in Bethesda, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-17 Paladin Group

Illinois, United States

Paladin Group offers an extensive and customizable suite of services for merchants, credit agencies, Fintechs, and vendors. The company strategizes for the long game, helping clients and partners defend against today’s threats and tomorrow’s. It places a special focus on education and training, arming these types of organizations with the insight they need to stay on top.

Buy -

Seller(S) 1

SELLER

The First State Bank

Stockbridge, Georgia, United States
Category Company
Founded 1964
Sector Financial Services
DESCRIPTION

The First State Bank is a full-service bank offering a variety of services to its customers from its offices

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

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