Investment Summary

MVB Bank Invests In Warp

On March 14, 2022, MVB Bank invested in building materials company Warp

Investment Highlights
  • This is MVB Bank’s 1st transaction in the Building Materials sector.
  • This is MVB Bank’s 5th transaction in the United States.
  • This is MVB Bank’s 1st transaction in Wyoming.

Investment Summary

Date 2022-03-14
Target Warp
Sector Building Materials
Investor(s) MVB Bank
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

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 STATS #
Overall 5 of 5
Sector: Building Materials M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Wyoming M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 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.

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