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With Roots in Fairmont , MVB Continues to Grow
Born in 1999 in Fairmont , WV , as a small , community bank with seven team members , today MVB Financial Corp . is an innovative holding company providing banking services to fintech clients throughout the U . S .
Driven by strong asset quality and loan growth , MVB expanded , reaching $ 123 million in assets in 2005 and $ 1 billion in 2014 . In 2017 , MVB joined The Nasdaq Capital Market and became listed on the Russell 2000 . Today , MVB ’ s assets are at $ 3 billion .
MVB realized that banks were rapidly becoming the Blockbusters in a Netflix world . To survive and thrive , MVB ’ s business model needed to evolve . MVB started a fintech incubator project to embrace the transformative power of technology in the banking sector .
MVB is committed to adapting and becoming distinct rather than extinct . MVB started going after innovative , blue ocean opportunities instead of battling the competition in the red ocean . And in 2017 , that strategic pivot changed everything . MVB ’ s techforward strategy has yielded tremendous results , most notably through the complete transformation of its funding base .
“ We like to say our culture is our secret sauce , which is vital to our continued growth . We are trusted partners on the financial frontier , committed to the success of our teammates , clients , communities and shareholders ,” says MVB CEO Larry Mazza .
844-MVB-BANK | MVBbanking . com 301 Virginia Avenue , Fairmont , WV 100 NASA Boulevard , Fairmont , WV
an Historic Tax Credit application to the National Park Service and needed funds for the review and submittal fee .
“ The preservation of historic buildings is a sector of development in which we strongly believe . The FCDP has tenants tentatively in place for the reuse of the building , so MVB is pleased to be able to advance this revitalization project ,” says MVB Community Development Corporation President Martin Howe .
MVB has played a leadership role in other Fairmont projects , like the revitalization of the former Miller Junior High School , which is now housing residents as Miller School Apartments .
“ MVB was not just a lender for this project , it is an investor in this building , and the company actually owns part of this project ,” Developer Steve Sadd of Miller School Associations says . “ MVB is the Most Valuable Bank , and I know they are the most valuable bank to this project .”
With banking centers at 301 Virginia Avenue and 100 NASA Boulevard in Fairmont , MVB is proud to serve Marion County .
About MVB
MVB Financial Corp ., the innovative financial holding company of MVB Bank , Inc ., is publicly traded on The Nasdaq Capital Market under the ticker “ MVBF .” Through its subsidiary , MVB Bank , Member FDIC and Equal Opportunity Lender , and the bank ’ s subsidiaries , MVB provides services to individuals and corporate clients in the Mid-Atlantic region , as well as to fintech , payment and gaming clients throughout the U . S . For more information , please visit mvbbanking . com .
The MVB Community Development Corp . recently awarded a mini grant to the Fairmont Community Development Partnership ( FCDP ) to move forward with the revitalization of the historic YMCA building located on Fairmont Avenue . The FCDP submitted