MVB Bank Announces Two Key Promotions on the Finance Team

FAIRMONT, W.Va.--(BUSINESS WIRE)--MVB Financial Corp. (Nasdaq: MVBF) (“MVB,” “MVB Financial” or the “Company”), the parent holding company for MVB Bank (the “Bank”), has announced two key promotions on the Finance Team, under the leadership of Don Robinson, President and Chief Financial Officer, MVB Financial.

Eric Tichenor, Chief Financial Officer, MVB Bank, who has served in that role since MVB’s inception, has been promoted to the new position of Treasurer. Martha McLeod, Senior Manager Technical Accounting, has been promoted to the position of Chief Financial Officer, MVB Bank.

“As MVB continues to expand, we are utilizing Eric’s expertise and experience to focus on the Treasury responsibilities for the ongoing success of the company. We are excited to announce Eric being named the Treasurer of MVB to focus on our cash management, investment portfolio and overall asset management functions of the company,” Robinson said.

“Martha joined MVB in 2021 and has been responsible for our technical accounting area, including the complicated accounting topics that are generated through our numerous transactions and business model.”

Before joining MVB, Martha served as controller for two banks and has extensive experience in bank accounting and reporting.

Martha is a Certified Public Accountant and started her career in banking at a CPA firm in Boston which specialized in bank financial statement audits, tax and consulting.

Martha has a Bachelor’s Degree in Business Administration with a concentration in Accounting from the University of New Hampshire and a Master’s Degree in Accounting from the University of Massachusetts.

About MVB Financial Corp.

MVB Financial Corp. (“MVB Financial” or “MVB”), 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, Inc., (“MVB Bank”) 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 United States. For more information about MVB, please visit 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 under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,”, “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues,” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those 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 investments in financial technology companies; competition; length and severity of the COVID-19 pandemic and its impact on the Company’s business and financial condition; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, as well as its other filings 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 statements.