FAIRMONT, W.Va., July 22, 2013 /PRNewswire/ -- The Board of
Directors of MVB Financial Corp. (OTCQB: MVBF) today announced the
appointment of former West Virginia First Lady Gayle C. Manchin as a Member of its Board of
Directors.
Mrs. Manchin currently serves as President for the West
Virginia Board of Education, which
oversees an annual budget of over $1.4
billion. In this position, she leverages her previous
experiences as an educator in Marion
County, W.Va. school system and at Fairmont State
University.
A passionate advocate for education and volunteerism to build
stronger communities, Mrs. Manchin has been integrally involved
with AmeriCorps projects and America's Promise for many years. Mrs.
Manchin also worked at the Office of Secretary of Education and the
Arts, where she implemented the WV PASS (WV Partnerships to Assure
Student Success) initiative.
"We are pleased to have Gayle join our board," said Larry Mazza, CEO of MVB Financial Corp. "As a
long-time champion for education throughout West Virginia, Gayle brings a unique
perspective as to what it takes to establish the infrastructure to
support West Virginia businesses
and help them succeed."
Mrs. Manchin's Board term is subject to the approval of the
shareholders of MVB at the next 2014 annual meeting.
About MVB Financial Corp.
MVB Financial Corp. ("MVB Financial"; OTCQB: MVBF) was formed on
January 1, 2004 as a bank holding
company and, effective December 19,
2012, elected to become a financial holding company.
MVB Financial features multiple subsidiaries and affiliated
businesses, including MVB Bank, Inc., Potomac Mortgage Group, Inc.
(which does business as MVB Mortgage), and MVB Insurance, LLC.
The Company's principal executive offices are located at 301
Virginia Avenue, Fairmont, W.Va.,
26554-2777, and its telephone number is (304) 363-4800. For
additional information regarding MVBF visit ir.mvbbanking.com. The
OTCQB is a market tier operated by the OTC Market Group Inc., for
over-the-counter traded companies that are current in their
reporting with a U.S. regulator.
Forward Looking Statement
All statements other than statements of historical fact included
herein are, or may be deemed to be, forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21 E of the Securities Exchange Act of 1934. Such
information involves risks and uncertainties that could result in
the actual results of MVB Financial Corp. ("MVB Financial" or the
"Company") differing from those projected in the forward-looking
statements. Important factors that could cause actual results to
differ materially from those discussed in such forward-looking
statements include, but are not limited to: (i) the Company may
incur loan losses due to negative credit quality trends in the
future that may lead to deterioration of asset quality; (ii) the
Company may incur increased charge-offs in the future; (iii) the
Company could have adverse legal actions of a material nature; (iv)
the Company may face competitive loss of customers; (v) the Company
may be unable to manage its expense levels; (vi) the Company may
have difficulty retaining key employees; (vii) changes in the
interest rate environment may have results on the Company's
operations materially different from those anticipated by the
Company's market risk management functions; (viii) changes in
general economic conditions and increased competition could
adversely affect the Company's operating results; (ix) changes in
other regulations and government policies affecting bank holding
companies and their subsidiaries including changes in monetary
policies may negatively impact the Company's operating results; (x)
the effects of the Dodd-Frank Wall Street Reform and Consumer
Protection Act may adversely affect the Company; (xi) the risk that
the benefits from the acquisition of Potomac Mortgage Group, LLC,
now Potomac Mortgage Group, Inc. ("PMG" or "MVB Mortgage") may not
be fully realized or may take longer to realize than expected,
including as a result of changes in general economic and market
conditions, interest and exchange rates, monetary policy, laws and
regulations and their enforcement and the degree of competition in
the geographic and business areas in which MVB Bank, Inc. ("MVB" or
"MVB Bank") and MVB Mortgage operate; (xii) the reaction of the MVB
Bank and MVB Mortgage customers, employees and counterparties to
the acquisition and integration ; (xiii) the integration of the
operations of MVB Bank and MVB Mortgage may be more difficult,
costly or time-consuming than expected; (xiv) the risk that the new
investments to support the growth of MVB Insurance, LLC ("MVB
Insurance") may not be fully realized or may take longer than
expected due to general economic and market conditions; (xv)
diversion of management time on acquisition or diversified growth
issues; and, (xvi) other factors which could cause actual results
to differ materially from future results expressed or implied by
such forward-looking statements.
SOURCE MVB Financial Corp.