Add-on Acquisition • Software

MVB Bank Acquires Trabian

On April 19, 2021, MVB Bank acquired software company Trabian

Acquisition Context
  • This is MVB Bank’s 1st transaction in the Software sector.
  • This is MVB Bank’s 4th transaction in the United States.
  • This is MVB Bank’s 1st transaction in West Virginia.

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M&A Deal Summary

Date April 19, 2021
Target Trabian
Sector Software
Buyer(s) MVB Bank
Deal Type Add-on Acquisition
Advisor(s) Taft Stettinius & Hollister (Legal)

Target Company

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.
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Buyer Overview 1

Buyer

MVB Bank

Fairmont, West Virginia, United States

Category Company
Founded 1997
Sector Financial Services
Employees453
Revenue 151M USD (2024)
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 Context for Buyer #
Overall 4 of 5
Sector: Software 1 of 1
Type: Add-on Acquisition 3 of 3
State: West Virginia 1 of 1
Country: United States 4 of 5
Year: 2021 1 of 1
PREVIOUS DEAL
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).

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 MVB Bank’s Southern West Virginia Community Banking Operations

Charleston, West Virginia, United States

MVB Bank’s Southern West Virginia Community Banking Operations includes full service banking centers located at: 400 Washington Street East, Charleston; 3754 Teays Valley Road, Hurricane; 660 Central Avenue, Barboursville; and 999 4th Avenue, Huntington. In addition, Summit will acquire MVB Bank’s drive-up banking locations at 6441 Farmdale Road, Barboursville, and 940 5th Avenue, Huntington.

Sell -