MVB Financial Corp | research notes

MVB Financial Corp: A Leader in Community Banking and Financial Services

Introduction

MVB Financial Corp (NASDAQ: MVB) is a regional financial holding company headquartered in Fairfax, Virginia. The company conducts its banking operations through its wholly-owned subsidiary, MVB Bank, Inc. ("MVB Bank"). MVB Financial provides a comprehensive range of financial products and services to individuals, small businesses, and mid-sized companies throughout the Mid-Atlantic and Southeastern regions of the United States.

History and Background

MVB Financial Corp was founded in 1981 as Middleburg Virginia Bank. The company has grown significantly over the years through strategic acquisitions and organic expansion. In 2018, MVB acquired Monarch Bank, a leading community bank in Northern Virginia. This acquisition expanded MVB Financial's footprint and solidified its position as one of the largest financial institutions in the region.

Core Business Lines

MVB Financial's primary business lines include:

• Community Banking: Provides a full suite of banking services to individuals, families, and small businesses, including deposit accounts, loans, and investment management.
• Commercial Banking: Offers customized financial solutions to mid-sized companies, including working capital loans, lines of credit, and equipment financing.
• Wealth Management: Provides comprehensive wealth management services, including investment advisory, financial planning, and trust administration.

Geographical Footprint

MVB Financial operates over 100 branches and offices in Virginia, Maryland, Washington, D.C., West Virginia, North Carolina, and Florida. The company serves communities in major metropolitan areas such as Washington, D.C., Baltimore, Richmond, and Norfolk.

Financial Performance

MVB Financial has consistently reported strong financial performance. In 2022, the company generated $797 million in net income, an increase of 12% compared to the previous year. MVB Financial's total assets have grown to $16.5 billion as of December 31, 2022.

Community Involvement

MVB Financial is deeply committed to giving back to the communities it serves. The company is involved in numerous charitable and community outreach programs. MVB Financial also supports local businesses and economic development initiatives.

Awards and Recognition

MVB Financial has received numerous awards and recognitions for its excellence in banking and financial services. Some notable awards include:

• Top Workplace in Washington, D.C. by The Washington Post
• Best Bank in the Mid-Atlantic by American Banker Magazine
• 5-Star Bank by BauerFinancial, Inc.

Conclusion

MVB Financial Corp is a leading regional financial institution that provides a wide range of banking and financial services to individuals, businesses, and communities. With a strong financial track record, commitment to community involvement, and a growing geographical footprint, MVB Financial is well-positioned for continued success in the years to come.

Business Model of MVB Financial Corp

MVB Financial Corp (MVB) is a financial holding company that operates primarily through its wholly-owned subsidiary, MVB Bank. The company offers a range of financial products and services to individuals, families, and businesses in the Mid-Atlantic and Southeastern United States.

MVB's core business model involves:

• Traditional banking: Accepting deposits, making loans, and providing other banking services to retail and commercial customers.
• Wealth management: Providing investment advice, portfolio management, and financial planning services.
• Specialized lending: Offering loans and financing solutions to specific industry sectors, such as equipment leasing and real estate development.
• Mortgage lending: Providing residential and commercial mortgage loans.

Advantages to Competitors

MVB Financial Corp has several advantages over its competitors, including:

• Strong regional presence: The company has a significant market share in its target markets, particularly in Virginia, Maryland, and Washington, D.C.
• Diversified product portfolio: MVB offers a wide range of financial products and services, catering to the needs of a diverse customer base.
• Exceptional customer service: The company focuses on providing personalized service and building strong relationships with its clients.
• Strong financial performance: MVB has a history of solid financial performance, with consistent earnings and strong asset quality.
• Commitment to community banking: The company is committed to supporting local businesses and communities through its involvement in various civic and philanthropic organizations.
• Innovative digital banking: MVB has invested heavily in digital banking capabilities, offering convenient and secure online and mobile banking services.
• Efficient operations: The company maintains a lean operating structure and utilizes technology to optimize its processes, resulting in cost savings and improved efficiency.
• Employee empowerment: MVB values employee engagement and empowerment, fostering a culture of innovation and exceptional performance.

Outlook of MVB Financial Corp

Company Overview

MVB Financial Corp is a bank holding company headquartered in Fairfax, Virginia. It provides financial services through its wholly-owned subsidiary, MVB Bank, which serves the Washington, D.C. metropolitan area.

Industry Outlook

The banking industry is undergoing significant changes driven by technological advancements, regulatory reforms, and economic conditions. Industry trends include:

• Increased adoption of mobile and digital banking
• Growing competition from fintech companies
• Rising interest rates and inflation
• Focus on financial inclusion and sustainability

MVB Financial's Outlook

Strengths:

• Strong balance sheet with a high level of capital and low levels of non-performing loans
• Focused on the growing Washington, D.C. metropolitan area
• Digital banking initiatives to enhance customer experience
• Diversified loan portfolio with a focus on commercial and consumer lending
• Commitment to responsible banking practices and community involvement

Challenges:

• Intense competition from larger banks and fintech companies
• Rising interest rates may impact loan demand
• Regulatory costs and compliance requirements
• Potential economic slowdown

Growth Strategies:

• Continue to expand its digital banking platform
• Focus on commercial and consumer lending in the Washington, D.C. area
• Enhance its wealth management and advisory services
• Explore acquisitions to expand its footprint

Financial Performance

MVB Financial's financial performance has been strong in recent years:

• Net income increased from $104.2 million in 2020 to $168.2 million in 2022
• Return on Equity (ROE) improved from 9.1% in 2020 to 14.7% in 2022
• Efficiency Ratio declined from 60.1% in 2020 to 54.0% in 2022

Analyst Consensus

Analysts have a positive outlook on MVB Financial Corp, citing its strong financial performance, growth potential, and commitment to responsible banking. The consensus analyst rating is "Buy" with an average 12-month price target of $30.00.

Market Valuation

As of February 21, 2023, MVB Financial Corp trades at a price-to-book value (P/B) ratio of 1.23 and a price-to-earnings (P/E) ratio of 8.84. These valuations are in line with industry peers.

Overall Outlook

Overall, the outlook for MVB Financial Corp is positive. The company has a strong balance sheet, a growing customer base, and a focused growth strategy. While the banking industry faces challenges, MVB Financial is well-positioned to navigate these challenges and continue to deliver strong financial performance.

Similar Companies to MVB Financial Corp

1. First Merchants Corporation

• Website: https://www.firstmerchants.com/
• Review: First Merchants offers a wide range of banking services tailored to both individuals and businesses. They are known for their personalized service, competitive rates, and innovative digital banking solutions.

2. Old National Bank

• Website: https://www.oldnational.com/
• Review: Old National Bank is a solid choice for customers seeking a community-focused bank with a strong track record of stability. They offer a full suite of financial services and are committed to local involvement and economic growth.

3. First Financial Bank

• Website: https://www.firstfinancialbank.com/
• Review: First Financial Bank provides a comprehensive range of banking products and services, including personal and business checking and savings accounts, loans, and investments. Their friendly staff and convenient locations make banking easy and accessible.

4. Centier Bank

• Website: https://www.centier.com/
• Review: Centier Bank stands out for its exceptional customer service and financial expertise. They offer personalized banking solutions and are dedicated to helping customers achieve their financial goals.

5. STAR Financial Bank

• Website: https://www.starfinancial.com/
• Review: STAR Financial Bank is known for its innovative banking technology and convenient services. They offer a range of products and services tailored to meet the needs of individuals, families, and businesses.

MVB Financial Corp. (NASDAQ: MVBK) is a financial services company headquartered in Fairmont, West Virginia. It provides banking, wealth management, and insurance services.

History:

1913:

• Citizens National Bank of Fairmont is founded in Fairmont, West Virginia.

1986:

• Citizens National Bank merges with Middletown National Bank to form MVB Bank.

1994:

• MVB Bank acquires Horizon Bank of New Martinsville, West Virginia.

1997:

• MVB Bank acquires Farmers and Merchants Bank of Clarksburg, West Virginia.

1999:

• MVB Bank acquires First Peoples Bank of Morgantown, West Virginia.

2003:

• MVB Bank acquires Heritage Community Bank of Martinsburg, West Virginia.

2006:

• MVB Bank becomes a publicly traded company through an initial public offering (IPO).

2008:

• MVB Bank acquires The Potomac Bank of Charles Town, West Virginia.

2012:

• MVB Bank acquires Parkersburg National Bank and Trust Company of Parkersburg, West Virginia.

2013:

• MVB Bank acquires Citizens Bank of Shepherdstown, West Virginia.

2014:

• MVB Bank acquires The Bank of Morgantown of Morgantown, West Virginia.

2015:

• MVB Bank acquires the wealth management business of Gould, Kully & Zabka.

2018:

• MVB Bank rebrands as MVB Financial Corp. to better reflect its diversified financial services offerings.

2019:

• MVB Financial Corp. acquires United Bankshares, Inc.

Present Day:

• MVB Financial Corp. operates across West Virginia, Maryland, Virginia, Pennsylvania, and Ohio. It serves over 500,000 customers and manages approximately $8 billion in assets.

2020 Timeline

• December 2020: MVB Financial Corp completes the acquisition of Chicago-based Old National Bank.

2021 Timeline

• January 2021: MVB Financial Corp announces the launch of a new digital banking platform.
• April 2021: The company reports strong first quarter earnings, driven by loan growth and increased non-interest income.
• July 2021: MVB Financial Corp completes the sale of its loan servicing business to Fidelity National Information Services (FIS).

2022 Timeline

• January 2022: The company reports solid fourth quarter and full-year 2021 results, with net income increasing by 22%.
• April 2022: MVB Financial Corp announces a 10% increase in its quarterly dividend.
• July 2022: The company completes the acquisition of Milwaukee-based Starion Financial.
• October 2022: MVB Financial Corp reports third quarter earnings that exceed analyst expectations, driven by strong loan growth and expense management.
• Recent Developments:
  • The company continues to focus on expanding its digital banking capabilities and enhancing its customer experience.
  • MVB Financial Corp is actively seeking additional acquisition opportunities to further grow its market share.

MVB Financial Corp: A Shining Star in Community Banking

As a loyal customer of MVB Financial Corp, I am thrilled to share my overwhelmingly positive experience with this exceptional banking institution. From the moment I first stepped foot in one of their branches, I was met with warm and welcoming staff who went above and beyond to make me feel valued and cared for.

Personalized Service that Exceeds Expectations

MVB Financial Corp truly understands the importance of tailored financial solutions. Their dedicated relationship managers take the time to get to know my unique needs and goals, providing personalized advice and customized banking services that align perfectly with my aspirations. They are always accessible, responsive, and proactive in addressing any questions or concerns I may have.

Innovative and Convenient Technology

In today's fast-paced world, MVB Financial Corp has embraced technology to enhance my banking experience. Their mobile app is incredibly user-friendly and allows me to manage my finances seamlessly from anywhere, anytime. The online banking platform is equally impressive, offering a wide range of features that make transactions a breeze.

Community Commitment

MVB Financial Corp is not just a bank; it's a pillar of the communities it serves. The company is actively involved in numerous charitable initiatives and volunteer programs, demonstrating a genuine commitment to giving back. This social responsibility resonates deeply with me and makes me proud to bank with an organization that cares about its neighbors.

Financial Strength and Stability

As a prudent investor, I prioritize financial stability when choosing a banking partner. MVB Financial Corp has consistently maintained a strong financial position, earning high ratings from reputable rating agencies. This gives me peace of mind knowing that my funds are safe and secure.

Exceptional Customer Service

Throughout my banking journey with MVB Financial Corp, the customer service has been impeccable. The staff are always courteous, knowledgeable, and genuinely invested in my satisfaction. They go the extra mile to ensure that every interaction is positive and that my financial needs are met with excellence.

Conclusion

I highly recommend MVB Financial Corp to anyone seeking a banking partner that combines personalized service, innovative technology, community commitment, financial strength, and exceptional customer service. With MVB Financial Corp, you'll not only entrust your finances to a trusted institution but also become part of a community that values financial well-being and social responsibility.

Unlock Financial Empowerment with MVB Financial Corp

Are you seeking a trusted financial partner to help you achieve your financial goals? Look no further than MVB Financial Corp, your gateway to a world of financial solutions.

Exceptional Customer Service:

At MVB Financial Corp, you're not just a number. Our dedicated team of experts provides personalized attention and tailored advice, ensuring you feel valued and supported throughout your financial journey.

Comprehensive Financial Products:

Explore our comprehensive suite of financial products, designed to meet your every need:

• Personal Banking: Checking, savings, and money market accounts
• Business Banking: Business loans, lines of credit, and cash management
• Wealth Management: Investment strategies, financial planning, and trust services
• Mortgage Lending: Competitive rates, flexible terms, and expert guidance
• Insurance: Home, auto, life, and business insurance

Innovative Technology:

Embrace the convenience of our state-of-the-art banking platform. Manage your finances effortlessly with:

• Online Banking: Access your accounts 24/7 from any device
• Mobile Banking: Bank on the go with our intuitive mobile app
• Person-to-Person Payments: Send and receive money instantly with Zelle®

Community Involvement:

MVB Financial Corp is deeply committed to supporting the communities we serve. We actively participate in local initiatives and charitable organizations, making a positive impact in our neighborhoods.

Join the MVB Family Today:

Take the first step towards financial empowerment and visit our website at [Website Link]. Our team of experts is eager to assist you in achieving your financial goals.

About MVB Financial Corp

Headquartered in Fairmont, West Virginia, MVB Financial Corp is a regional financial holding company with a long-standing tradition of providing exceptional financial services. With a network of branches and offices throughout West Virginia, Maryland, Virginia, and Ohio, we're proud to serve individuals, families, and businesses across our region.

Main Suppliers (Upstream Service Providers) of MVB Financial Corp

1. Fiserv

• Website: https://www.fiserv.com/
• Services: Core banking platform, payment processing, merchant acquiring, digital banking solutions

2. Jack Henry & Associates

• Website: https://www.jackhenry.com/
• Services: Core banking platform, wealth management solutions, digital banking solutions

3. Fiserv Investment Services, Inc.

• Website: https://www.fiserv.com/en-us/about/fiserv-investment-services
• Services: Brokerage services, custody services, clearing services for MVB Financial's investment and wealth management business

4. Ascensus

• Website: https://www.ascensus.com/
• Services: Retirement plan administration, recordkeeping, investment services for MVB Financial's employee benefit plans

5. Zelle

• Website: https://www.zellepay.com/
• Services: Person-to-person (P2P) payment network used by MVB Financial for its mobile banking customers

6. The Clearing House

• Website: https://www.theclearinghouse.org/
• Services: Real-time payments network used by MVB Financial for its faster payments capabilities

7. Visa

• Website: https://www.visa.com/
• Services: Payment card issuance and processing for MVB Financial's credit and debit cards

8. MasterCard

• Website: https://www.mastercard.com/
• Services: Payment card issuance and processing for MVB Financial's credit and debit cards

9. Fiserv Lending Solutions

• Website: https://www.fiserv.com/en-us/about/fiserv-lending-solutions
• Services: Loan origination, underwriting, and servicing solutions for MVB Financial's commercial and consumer lending business

10. FIS

• Website: https://www.fisglobal.com/
• Services: IT infrastructure, application maintenance, and consulting services for MVB Financial's technology operations

MVB Financial Corp's Main Customers (Downstream Companies)

MVB Financial Corp. is a regional bank holding company headquartered in Milwaukee, Wisconsin. Its primary focus is on providing financial services to consumers and businesses within its footprint. The company's main customers include:

1. Retail Customers

• Individuals and families
• Homeowners and mortgage seekers
• Small business owners
• Consumers seeking personal banking services (checking, savings, loans, etc.)

2. Business Customers

• Small and medium-sized businesses
• Commercial real estate developers
• Agricultural businesses
• Professional service providers
• Healthcare organizations

3. Institutional Customers

• Municipalities and government agencies
• Non-profit organizations
• Employee benefit plans

Specific Downstream Company Names and Websites

While MVB Financial Corp. does not publicly disclose the names of its individual customers, the following examples represent businesses that utilize the company's services:

• Associated Bank (https://www.associatedbank.com/)
• BMO Harris Bank (https://www.bmoharris.com/)
• Byline Bank (https://www.bylinebank.com/)
• First Bank (https://www.firstbank.com/)
• Johnson Financial Group (https://www.johnsonfinancialgroup.com/)
• Marquette University (https://www.marquette.edu/)
• Milwaukee County (https://www.milwaukeecountywi.gov/)
• Milwaukee Public Schools (https://www.mpsm.org/)
• We Energies (https://www.we-energies.com/)
• Wisconsin Public Service (https://www.wisconsinpublicservice.com/)

These downstream companies represent a diverse range of industries and sectors in MVB Financial Corp's service area. They rely on the company's suite of financial products and services to support their business operations and meet their financial goals.

Key Revenue Streams of MVB Financial Corp

MVB Financial Corp. is a financial holding company that provides a range of financial services, including banking, wealth management, and insurance. The company's key revenue streams are:

• Net interest income: This is the difference between the interest earned on loans and the interest paid on deposits. It is the largest source of revenue for MVB Financial Corp., accounting for approximately 67% of total revenue in 2022.
• Non-interest income: This includes revenue from fees and commissions for services such as wealth management, insurance, and trust services. It accounted for approximately 33% of total revenue in 2022.

Estimated Annual Revenue

The estimated annual revenue of MVB Financial Corp. is approximately $700 million. This is based on the company's financial statements for the past five years.

Breakdown of Revenue Streams

The following table shows a breakdown of MVB Financial Corp.'s revenue streams for the year 2022:

| Revenue Stream | Amount (in millions) | Percentage of Total Revenue | |---|---|---| | Net interest income | $469.4 | 67% | | Non-interest income | $229.6 | 33% | | Total revenue | $699.0 | 100% |

Additional Notes

• MVB Financial Corp.'s revenue has been growing steadily in recent years. In 2022, the company reported a 4% increase in revenue compared to the previous year.
• The company's non-interest income has been growing faster than its net interest income in recent years. This is due to the company's focus on expanding its wealth management and insurance businesses.
• MVB Financial Corp. is a well-capitalized company with a strong balance sheet. The company has a low level of bad loans and a high level of reserves.

Key Partners of MVB Financial Corp

1. Fiserv

• Website: https://www.fiserv.com/
• Description: A leading global provider of financial services technology solutions, providing MVB Financial with core banking, payments, and lending services.

2. CUNA Mutual Group

• Website: https://www.cunamutual.com/
• Description: A provider of insurance and financial services for credit unions and their members, including MVB Financial's members.

3. First Data Corporation

• Website: https://www.firstdatacorp.com/
• Description: A global payment technology company that provides MVB Financial with merchant processing and payment gateway services.

4. Fidelity National Information Services

• Website: https://www.fisglobal.com/
• Description: A provider of financial services technology solutions, offering MVB Financial core banking, payments, and digital banking services.

5. Jack Henry & Associates

• Website: https://www.jackhenry.com/
• Description: A provider of integrated financial technology solutions for banks and credit unions, supplying MVB Financial with core banking and loan origination systems.

6. NCR Corporation

• Website: https://www.ncr.com/
• Description: A provider of self-service kiosks, ATMs, and banking software, enabling MVB Financial to offer convenient and efficient banking services to its customers.

7. Symitar

• Website: https://www.symitar.com/
• Description: A provider of core banking and credit union software solutions, powering MVB Financial's core banking system.

8. Visa

• Website: https://www.visa.com/
• Description: A global payment network that enables MVB Financial customers to make purchases and access cash worldwide.

9. Mastercard

• Website: https://www.mastercard.com/
• Description: A global payment network that provides MVB Financial customers with access to credit, debit, and prepaid card services.

10. American Express

• Website: https://www.americanexpress.com/
• Description: A global payment network that offers MVB Financial customers premium credit cards and financial management tools.

Key Cost Structure of MVB Financial Corp.

1. Interest Expense

• Estimated annual cost: $250 million

Interest expense is the cost of borrowing money from depositors and other lenders. It is a major expense for banks, as they rely on borrowed funds to finance their lending activities. MVB Financial Corp.'s interest expense has been relatively stable in recent years, averaging around $250 million per year.

2. Salaries and Employee Benefits

• Estimated annual cost: $150 million

Salaries and employee benefits are the costs of compensating employees for their work. This includes wages, salaries, bonuses, and benefits such as health insurance and retirement plans. MVB Financial Corp.'s salaries and employee benefits have been increasing in recent years, as the company has expanded its operations and hired additional staff.

3. Occupancy Costs

• Estimated annual cost: $50 million

Occupancy costs are the costs of owning or leasing the buildings and other facilities that a bank uses to conduct its business. This includes rent, utilities, maintenance, and depreciation. MVB Financial Corp.'s occupancy costs have been relatively stable in recent years, averaging around $50 million per year.

4. Equipment Costs

• Estimated annual cost: $25 million

Equipment costs are the costs of purchasing and maintaining the equipment that a bank uses to conduct its business. This includes computers, servers, ATMs, and other equipment. MVB Financial Corp.'s equipment costs have been increasing in recent years, as the company has invested in new technology to improve its operations.

5. Other Operating Expenses

• Estimated annual cost: $75 million

Other operating expenses are the costs of running a bank that do not fit into any of the other categories. This includes marketing and advertising, legal and professional fees, and other miscellaneous expenses. MVB Financial Corp.'s other operating expenses have been relatively stable in recent years, averaging around $75 million per year.

Total Key Cost Structure

• Estimated annual cost: $550 million

MVB Financial Corp.'s total key cost structure is estimated to be $550 million per year. This includes interest expense, salaries and employee benefits, occupancy costs, equipment costs, and other operating expenses. The company's cost structure is relatively stable, with most of its costs being fixed or semi-fixed. This provides the company with some degree of protection against economic downturns.

Sales Channels

MVB Financial Corp primarily generates revenue through the following sales channels:

1. Branch Network:

• MVB operates 65 full-service branches strategically located in Virginia, Maryland, and Washington, D.C.
• These branches provide a wide range of financial services, including lending, deposit accounts, wealth management, and business banking.

2. Online and Mobile Banking:

• MVB offers a convenient online and mobile banking platform that allows customers to conduct transactions, manage accounts, and access financial tools from anywhere.
• This channel is becoming increasingly important for customer acquisition and engagement.

3. Loan Production Offices (LPOs):

• MVB has established LPOs in key markets to originate and service commercial loans.
• These offices are staffed by experienced loan officers who specialize in providing financial solutions to businesses.

4. Wealth Management Advisors:

• MVB's wealth management team provides personalized investment advice, estate planning, and trust services to high-net-worth individuals and families.
• This channel generates revenue through fees for asset management and financial planning.

5. Insurance Services:

• MVB offers a range of insurance products, including property, casualty, life, and health insurance.
• These products are sold through independent agents and through partnerships with other insurance providers.

Estimated Annual Sales

MVB Financial Corp does not publicly disclose its sales channel revenues separately. However, its annual report provides the following estimated breakdown of total revenue by business line:

• Net Interest Income: $363.1 million
• Non-Interest Income: $60.3 million
• Service Charges on Deposit Accounts: $11.6 million
• Other Income: $0.2 million

Estimated Annual Sales by Sales Channel:

Based on industry estimates and the company's business operations, the following is an approximation of how sales are distributed across the different channels:

• Branch Network: 60-70%
• Online and Mobile Banking: 15-20%
• Loan Production Offices: 10-15%
• Wealth Management Advisors: 3-5%
• Insurance Services: 2-3%

Conclusion

MVB Financial Corp utilizes a diversified sales channel strategy to reach its target customers and generate revenue. Its branch network remains the primary driver of sales, while online and mobile banking, LPOs, wealth management advisors, and insurance services contribute to growth and diversification. The company's estimated annual sales by sales channel provide valuable insights into its business operations and revenue streams.

MVB Financial Corp. (Nasdaq: MVBK) is a $5.7 billion financial holding company headquartered in Fairmont, West Virginia. The company has approximately 750 employees and operates 89 branches across West Virginia, Maryland, Ohio, Pennsylvania, and Virginia.

MVB Financial's primary target customer segments are:

• Consumers: Individuals and families who need personal banking services such as checking and savings accounts, loans, and mortgages.
• Small businesses: Businesses with less than $5 million in annual revenue that need banking services such as business checking and savings accounts, loans, and lines of credit.
• Commercial businesses: Businesses with more than $5 million in annual revenue that need more complex banking services such as commercial loans, treasury management, and international banking.

MVB Financial does not publicly disclose its estimated annual sales for each customer segment. However, the company's annual report provides some insights into the relative importance of each segment.

In 2021, MVB Financial's consumer segment accounted for 45% of the company's total revenue. The small business segment accounted for 32% of total revenue, and the commercial segment accounted for 23% of total revenue.

These figures suggest that MVB Financial's consumer segment is the most important to the company, followed by the small business segment and the commercial segment.

Value Proposition of MVB Financial Corp

MVB Financial Corp, a leading financial services firm headquartered in Milwaukee, Wisconsin, offers a comprehensive suite of banking, investment, and wealth management solutions to businesses and individuals across the Midwest. The company's value proposition is centered around providing a superior customer experience, customized financial solutions, and innovative technology.

Superior Customer Experience

MVB Financial places great emphasis on building lasting relationships with its clients and fostering a culture of exceptional customer service. The company's focus on personalized financial advice and tailored solutions enables it to meet the unique needs and aspirations of each client. Through its dedicated team of financial professionals, MVB Financial provides personalized guidance, proactive communication, and seamless access to banking and investment services.

Customized Financial Solutions

MVB Financial understands that every client's financial situation and goals are different. The company offers a wide array of financial products and services to meet the specific requirements of businesses and individuals. From traditional banking accounts and loans to investment management and wealth planning, MVB Financial tailors its solutions to align with each client's objectives, risk tolerance, and investment horizon. The company's financial advisors work closely with clients to develop comprehensive financial plans that maximize returns, minimize risk, and achieve long-term financial success.

Innovative Technology

MVB Financial recognizes the importance of technology in delivering convenient and efficient banking services. The company has invested heavily in its digital banking platform, providing clients with seamless access to their accounts and financial information. Through its mobile banking app and online banking portal, clients can perform various transactions, including checking balances, transferring funds, managing investments, and paying bills. MVB Financial also utilizes data analytics and machine learning to provide personalized financial insights and tailored recommendations to its clients.

Specific Value Proposition for Businesses

Cash Management Services: MVB Financial offers a range of cash management solutions designed to streamline business operations and improve cash flow. These services include remote deposit capture, ACH origination, wire transfer services, and customized treasury management solutions.

Credit Solutions: The company provides flexible credit solutions to meet the capital needs of businesses of all sizes. From working capital loans and equipment financing to commercial real estate loans and lines of credit, MVB Financial offers competitive rates and flexible terms to support business growth and expansion.

Investment Services: MVB Financial's investment advisors work with businesses to develop customized investment strategies that align with their long-term financial goals and risk tolerance. The company offers a range of investment products, including mutual funds, fixed income securities, and alternative investments.

Specific Value Proposition for Individuals

Banking Accounts: MVB Financial provides a variety of banking accounts to meet the needs of individuals, including checking accounts, savings accounts, money market accounts, and CDs. The company offers competitive interest rates and convenient access to funds through its branch network and digital banking channels.

Investment Management: MVB Financial's wealth management team provides comprehensive investment management services tailored to each client's individual needs. The team manages a range of investment portfolios, including growth-oriented portfolios, income-generating portfolios, and conservative portfolios.

Wealth Planning: MVB Financial's wealth planners work with individuals and families to develop comprehensive wealth plans that encompass estate planning, retirement planning, tax planning, and insurance planning. The company's goal is to help clients manage their wealth efficiently, preserve their assets, and achieve their financial goals.

In summary, MVB Financial Corp's value proposition revolves around providing a superior customer experience, customized financial solutions, and innovative technology to businesses and individuals across the Midwest. The company's unwavering commitment to personalized financial advice, tailored solutions, and seamless digital banking services enables it to deliver exceptional value to its clients.

MVB Financial Corp. is a bank holding company headquartered in Milwaukee, Wisconsin. The company's primary subsidiary is Marshall & Ilsley Bank, which operates over 100 branches in Wisconsin and Minnesota. MVB Financial Corp. also provides a variety of other financial services, including wealth management, insurance, and investment banking.

Risks

MVB Financial Corp. is subject to a number of risks, including:

• Credit risk: The company's loans could default, which would result in losses.
• Interest rate risk: The company's net interest margin could decline if interest rates rise.
• Liquidity risk: The company could experience difficulty accessing funding if needed.
• Operational risk: The company's operations could be disrupted by a number of factors, such as natural disasters, cyberattacks, or fraud.
• Compliance risk: The company could be subject to fines or other penalties for violations of laws and regulations.

Mitigation

MVB Financial Corp. has a number of policies and procedures in place to mitigate its risks. These include:

• Credit risk management: The company uses a variety of tools to assess the creditworthiness of its borrowers, including credit scores, income verification, and collateral.
• Interest rate risk management: The company uses a variety of hedging strategies to reduce its exposure to interest rate risk.
• Liquidity risk management: The company maintains a diversified funding base and has access to a variety of liquidity facilities.
• Operational risk management: The company has a number of policies and procedures in place to prevent and mitigate operational risks.
• Compliance risk management: The company has a compliance department that is responsible for ensuring that the company complies with all applicable laws and regulations.

Outlook

MVB Financial Corp. is a well-managed company with a strong financial profile. The company's risks are manageable and the company has a number of policies and procedures in place to mitigate these risks. The company is well-positioned to continue to grow and prosper in the future.