FAIRMONT, W.Va., Dec. 21, 2017 /PRNewswire/ -- The Board of
Directors of MVB Financial Corp. (Nasdaq: MVBF) today announced the
appointment of Dan Holt as a Member
of its Board of Directors, effective immediately.
Holt is Co-Founder and CEO of BillGO, a bill payment engine that
offers real-time payments, revenue and automation to payment
providers. Under his leadership, BillGO has become the top bill
payments engine in the financial industry.
"I welcome Dan to the MVB Financial Corp. family and look
forward to working with him to help propel MVB on its growth
journey," said Larry F. Mazza,
President and CEO, MVB Financial Corp. "Dan brings with him to the
Board fintech expertise that will serve us well as that sector
continues to bring fast-paced change to the banking industry."
After serving eight years in the U.S. Air Force, Holt held
several leadership positions in Silicon Valley. For eight years,
his team at HEIT built the leading cloud services company for the
financial industry. Upon its acquisition, Holt led CSI's technology
and services as President and General Manager. During his tenure,
CSI became the largest secure banking cloud for community banks and
credit unions.
Holt has served on boards for Allied Payment Network, Dragnet
Solutions and Community Funded, and he mentors students in
Colorado State University's
Entrepreneurship Program. He earned certifications as a Project
Management Professional, Certified Information Systems Security
Professional and GIAC Systems and Network Auditor. He is also part
of the Fed Secure Payments Task Force. Holt holds a bachelor's
degree from the University of Maryland
and an MBA from Colorado State
University.
"We welcome Dan as a Director, and know his strong background
will assist MVB as we continue to expand geographically and in
complexity in an ever-changing fintech environment," said
Stephen R. Brooks, Chair, MVB
Financial Corp. Board of Directors.
Holt's Board term is subject to the approval of the shareholders
of MVB at the 2018 annual meeting.
About MVB Financial Corp.
MVB Financial Corp. ("MVB Financial" or "MVB"), the holding
company of MVB Bank, is publicly traded on The Nasdaq Capital
Market® under the ticker "MVBF."
MVB is a financial holding company headquartered in Fairmont, W.Va. Through its subsidiary, MVB
Bank, Inc., and the bank's subsidiary, MVB Mortgage, the company
provides financial services to individuals and corporate clients in
the Mid-Atlantic region.
Nasdaq is a leading global provider of trading, clearing,
exchange technology, listing, information and public company
services.
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. These forward-looking
statements are based on current expectations about the future and
subject to risks and uncertainties. Forward-looking
statements include information concerning possible or assumed
future results of operations of the Company and its
subsidiaries. When words such as "believes," "expects,"
"anticipates," "may," or similar expressions occur in this Press
Release, the Company is making forward-looking statements.
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 the forward-looking statements contained in
this Press Release. Those factors include, but are not limited to:
credit risk, changes in market interest rates, inability to achieve
merger-related synergies, competition, economic downturn or
recession, and government regulation and
supervision. Additional factors that may cause our actual
results to differ materially from those described in our
forward-looking statements can be found in the Company's Annual
Report on Form 10-K for the year ended December 31, 2016, as
well as its other filings with the SEC, which are available on the
SEC website at www.sec.gov. Except as required by law, the Company
undertakes no obligation to update or revise any forward-looking
statements.
Accounting standards require the consideration of subsequent
events occurring after the balance sheet date for matters that
require adjustment to, or disclosure in, the consolidated financial
statements. The review period for subsequent events extends up to
and including the filing date of a public company's financial
statements when filed with the Securities and Exchange Commission.
Accordingly, the consolidated financial information in this
announcement is subject to change.
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SOURCE MVB Financial Corp.