MVB Financial Corp. declares a dividend for the third quarter of 2021 | Company

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FAIRMONT, West Virginia – (BUSINESS WIRE) – August 9, 2021–

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

This is the third quarterly dividend for 2021 and includes a 16.67% increase in dividends over 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 payment to shareholders, to $ 0.14 for the third quarter of 2021, up 16.67% from the previous quarter’s dividend, ”said Larry F. Mazza, President and CEO, MVB Financial. “MVB’s payment of a growing cash dividend is a key point of differentiation from the vast majority of the company’s leading edge banking and its pure Fintech peers.”

About MVB Financial Corp.

MVB Financial Corp., the holding company of MVB Bank, Inc., is listed on the Nasdaq Capital Market® under the symbol “MVBF”. Nasdaq is one of the world’s leading providers of trading, clearing, trading technology, quotation, information and public company services. Through its subsidiary, MVB Bank, Inc., and subsidiaries of the Bank, the Company provides financial services to individual and corporate clients in the Mid-Atlantic region and beyond. For more information on MVB, please visit http://ir.mvbbanking.com.

Forward-looking statements

MVB Financial Corp. has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information regarding possible or suspected future operating results of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “could”, “could”, “should”, “would”, “will”, “plans”, “believes”, “believes”, “expects”. to “,” anticipates “,” intends “,” continues “or the negative of these terms or similar expressions. Please note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause these results to differ materially from those expressed in 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; failure to achieve expected synergies and successfully integrate recent mergers and acquisitions; failure to successfully execute business plans, including strategies related to investments in FinTech companies; competetion; the duration and severity of the COVID-19 pandemic and its impact on the business and financial condition of the Company; changes in economic, business and political conditions; changes in demand for credit products and deposit flows; operational risks and risk management failures; and government regulation and supervision. Additional factors that could cause actual results to differ materially from those described in forward-looking statements can be found in the Company’s annual report on Form 10-K for the year ended December 31, 2020, as well as in its other documents filed with the SEC. , which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise or correct any forward-looking statement.

See the source version on businesswire.com: https://www.businesswire.com/news/home/2021080905180/en/

CONTACT: MEDIA CONTACT

Amy Boulanger

Vice-President, Corporate Communications and Marketing

MVB Bank

[email protected]

(844) 682-2265 INVESTOR RELATIONS

Marcie’s lips

[email protected]

(844) 682-2265

KEYWORD: UNITED STATES NORTH AMERICA WEST VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL BANKING SERVICES

SOURCE: MVB Financial Corp.

Copyright Business Wire 2021.

PUB: 09.08.2021 09: 00 / DISC: 09.08.2021 09:02

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

Copyright Business Wire 2021.


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