M&A Deal Summary |
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Date | 2020-04-24 |
Target | MVB Financial - Four WV Eastern Panhandle Banking Centers |
Sector | Financial Services |
Buyer(s) | Summit Financial |
Sellers(s) | MVB Bank |
Deal Type | Divestiture |
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Category | Company |
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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 | 1 of 2 |
Sector (Financial Services) | 1 of 2 |
Type (Divestiture) | 1 of 2 |
State (West Virginia) | 1 of 2 |
Country (United States) | 1 of 2 |
Year (2020) | 1 of 1 |
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. |
Buy | - |
Category | Company |
---|---|
Founded | 1997 |
Sector | Financial Services |
Employees | 445 |
Revenue | 146M USD (2023) |
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 4 |
Sector (Financial Services) | 1 of 2 |
Type (Divestiture) | 2 of 4 |
State (West Virginia) | 2 of 3 |
Country (United States) | 2 of 4 |
Year (2020) | 1 of 1 |
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 | - |
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 | - |