By JOHN MILLER
The Exponent Telegram
FAIRMONT, W.Va. — MVB Financial Corp. (“MVB Financial” or “MVB”), the holding company of MVB Bank, today announced it has received approval to list its common stock for trading on The Nasdaq Capital Market ®.
Shares of MVB Financial will start trading on Nasdaq under the symbol “MVBF,” effective with the opening of the market on Thursday. Until then, MVB will continue to trade on the OTC Bulletin Board as “MVBF.”
“Being listed on The Nasdaq marks a major milestone for MVB on our growth journey, reflecting more than a decade of dedication and teamwork. MVB intends to qualify for inclusion in the Russell 2000 Index as part of the index’s next annual reconstitution, which occurs in 2018,” said Larry F. Mazza, CEO and President, MVB Financial Corp. “Additional visibility generated from MVB’s listing on The Nasdaq will allow even more investors to recognize our strong growth story and value our community bank model, as well as provide greater liquidity.”
“At MVB, we are excited to celebrate this historic moment with our shareholders, friends and families, and look forward to ringing the bell in New York City this spring,” Mazza said.
MVB Financial’s move to The Nasdaq gains higher visibility in the investment community, greater access to capital markets and improvements in stock liquidity. Being well-positioned for continued growth, MVB seeks to attract a more diverse base of stockholders, especially institutional investors.
Since 2015, MVB Bank, has launched seven banking locations, including the newest in Leesburg, Va., and Morgantown, W.Va., as well as new banking offices in Fairmont, W.Va.; Charleston, W.Va.; two acquired locations in the Eastern Panhandle of West Virginia; and, a location in Reston, Va. MVB offers its clients the convenience of state-of-the-art banking technology while retaining the personal touch of a community bank, setting MVB apart in key deposit markets. The MVB Bank footprint in West Virginia and Virginia now encompasses 15 total locations, as well as 18 MVB Mortgage locations in West Virginia; Virginia; Washington, D.C.; North Carolina; and South Carolina.
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