MVB FINANCIAL CORP. (OTCMKTS:MVBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
MVB FINANCIAL CORP. (OTCMKTS:MVBF) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(b) Departure of Directors
On December 28, 2016, Jimmy D. Staton notified MVB Financial Corp. (the “Company”) of his intent to resign, effective December 31, 2016, as a member of the Board of Directors of the Company (the “Company Board”), as well as the MVB Bank, Inc. (the “Bank”) Board of Directors (the “Bank Subsidiary Board”) and the Potomac Mortgage Group, Inc., which does business as MVB Mortgage, (“Mortgage”) Board of Directors (the “Mortgage Subsidiary Board”). Staton also contemporaneously resigned, also effective December 31, 2016, from the position as Chairperson of the Human Resources & Compensation Committee of the Company, as well as from positions as a member of the Audit Committee, Executive Committee, and Finance Committee of the Company and the Executive Committee of the Bank.
Staton is not resigning from the Company Board, the Bank Subsidiary Board, or the Mortgage Subsidiary Board due to any disagreement or dispute with the Company, the Bank, or Mortgage, but rather based upon the scheduling conflicts that exist between Staton’s business ventures and the meetings of the Company, the Bank, and Mortgage. The Company Board, the Bank Subsidiary Board, and the Mortgage Board have accepted the resignations.
The Company wishes to thank Staton for his service to the Company, the Bank, and Mortgage. The Company wishes Staton continued success in the future.
About MVB FINANCIAL CORP. (OTCMKTS:MVBF)
MVB Financial Corp. (MVB) is a financial holding company. Through its subsidiaries, MVB Bank, Inc. (the Bank), MVB Mortgage and MVB Insurance, LLC, the Company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. It operates through four segments: commercial and retail banking, mortgage banking, financial holding company, and insurance services. The Bank offers its customers a range of products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. The Bank provides services through its walk-in offices, automated teller machines (ATMs), drive-in facilities, and Internet and telephone banking. The Bank also offers non-deposit investment products. MVB FINANCIAL CORP. (OTCMKTS:MVBF) Recent Trading Information
MVB FINANCIAL CORP. (OTCMKTS:MVBF) closed its last trading session 00.00 at 12.80 with 500 shares trading hands.
MVB Financial Corp. (MVB) is a financial holding company. Through its subsidiaries, MVB Bank, Inc. (the Bank), MVB Mortgage and MVB Insurance, LLC, the Company provides community banking, mortgage banking, insurance and wealth management services to individuals and corporate clients in the Mid-Atlantic region. It operates through four segments: commercial and retail banking, mortgage banking, financial holding company, and insurance services. The Bank offers its customers a range of products, such as checking accounts, negotiable order of withdrawal (NOW) accounts, money market and savings accounts, time certificates of deposit, commercial, installment, commercial real estate and residential real estate mortgage loans, debit cards, and safe deposit rental facilities. The Bank provides services through its walk-in offices, automated teller machines (ATMs), drive-in facilities, and Internet and telephone banking. The Bank also offers non-deposit investment products. MVB FINANCIAL CORP. (OTCMKTS:MVBF) Recent Trading Information
MVB FINANCIAL CORP. (OTCMKTS:MVBF) closed its last trading session 00.00 at 12.80 with 500 shares trading hands.
