MVB Financial Corp. resolves dividend for the third quarter of 2021 | business

FAIRMONT, W.Va .– (BUSINESS WIRE) – Nov. August 2021–

MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial”, “MVB” or the “Company”) declared a quarterly cash dividend of $ 0.14 per share for registered shareholders as of September 1, 2021, payable on September 15, 2021.

This is the third quarterly dividend for 2021 and includes a dividend increase of 16.67% compared to the previous quarter’s dividend of $ 0.12 per share.

MVB’s capital base is strong which, combined with other considerations, led to our decision to increase MVB’s quarterly cash dividend to shareholders to $ 0.14 for the third quarter of 2021, up 16.67% over the Dividend corresponds to the previous quarter, ”said Larry F. Mazza, President and CEO, MVB Financial. “MVB’s payment of a growing cash dividend is an important point of differentiation from the vast majority of the company’s technology-oriented bank and pure fintech colleagues.”

About MVB Financial Corp.

MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on the Nasdaq Capital Market® under the ticker “MVBF”. Nasdaq is a leading global provider of trading, clearing, stock exchange technology, listing, information and services to public companies. Through its subsidiary, MVB Bank, Inc., and the bank’s subsidiaries, the company offers financial services to private and corporate customers in the Mid-Atlantic region and beyond. Further information on MVB can be found at http://ir.mvbbanking.com.

Forward-Looking Statements

In this press release MVB Financial Corp is subject to the protections of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations of the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information about possible or anticipated future operating results of the company and its subsidiaries. Forward-looking statements are accompanied by words such as “could”, “could”, “should”, “would”, “will”, “plan”, “believe”, “estimate”, “expect”, “anticipate”, “intend”, “Further” or the negative of these terms or similar expressions. Be aware that many factors could affect the future financial results of the company and its subsidiaries, individually or collectively, and could cause such results to differ materially from those expressed in any forward-looking statements. Therefore, one should not place undue reliance on forward-looking statements. These factors include but are not limited to: market, economic, operational, liquidity and credit risk; Changes in market interest rates; Inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; Inability to successfully execute business plans, including strategies related to investing in financial technology companies; Contest; The duration and severity of the COVID-19 pandemic and its impact on the company’s business and financial position; Changes in economic, business and political conditions; Changes in demand for credit products and the flow of deposits; operational risks and errors in risk management; and government regulation and oversight. For additional factors that could cause actual results to differ materially from those described in the forward-looking statements, see the company’s Annual Report on Form 10-K for the year ended December 31, 2020 and its other filings with the SEC , which are available on the SEC’s website at www.sec.gov. Unless required by law, the company disclaims any obligation to update, revise or correct forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210809005180/en/

CONTACT: MEDIA CONTACT

Amy Baker

VP, corporate communications and marketing

MVB Bank

[email protected]

(844) 682-2265 INVESTOR RELATIONS

Marcie Lipscomb

[email protected]

(844) 682-2265

KEYWORD: UNITED STATES NORTH AMERICA WEST VIRGINIA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES

SOURCE: MVB Financial Corp.

Copyright Business Wire 2021.

PUB: 08.09.2021 09:00 / DISC: 08.09.2021 09:02

http://www.businesswire.com/news/home/20210809005180/en

Copyright Business Wire 2021.

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