MVB Financial Corp. Included on Russell 2000® Index
25 Giugno 2018 - 8:00PM
Business Wire
Addition Marks Another Major Milestone in MVB
Growth Journey
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial” or “MVB”),
the holding company of MVB Bank, today announced that FTSE Russell
has added MVB to the Russell 2000® Index as part of its annual
index reconstitution. The Russell Index changes took effect after
the market close on Friday, June 22, 2018.
“At MVB Financial, we continue to think bigger. In December 2017
when MVB became the first West Virginia-based bank in 18 years to
be listed on The Nasdaq, we said the next major milestone in our
growth journey would be qualifying for inclusion in the Russell
2000® Index as part of the index’s annual reconstitution. Now we’re
here and ready for our next challenge,” said Larry F. Mazza, CEO
and President, MVB Financial Corp.
“Today we’re at approximately $200 million in market
capitalization. With our robust economy and MVB’s entrepreneurial
spirit, I believe that we have a long runway to grow. The best is
yet to come!”
FTSE Russell index expertise and products are used by
institutional and retail investors globally; more than $15 trillion
is currently benchmarked to its indexes. MVB will hold its
membership until FTSE Russell reconstitutes its indexes in June
2019.
The annual reconstitution of the Russell 3000® captures the
3,000 largest U.S. stocks as of the end of May, ranking them by
total market capitalization. The largest 1,000 companies in this
ranking comprise the Russell 1000®, and the next 2,000 companies
become the Russell 2000®. For more information, visit the “Russell
Reconstitution” homepage on www.ftserussell.com.
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 14 total locations, as
well as 18 MVB Mortgage locations in West Virginia; Virginia;
Washington, D.C.; North Carolina; and South Carolina.
For more information about MVB Bank, visit www.MVBbanking.com or
call toll-free 844-MVB-BANK (844-682-2265).
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
subsidiaries, MVB Mortgage and MVB Community Development
Corporation, 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, 2017, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625005997/en/
MVB Financial Corp.Media Contact:Amy Baker,
844-682-2265VP, Corporate
Communicationsabaker@mvbbanking.comorInvestor Relations
Contact:Sue Campbell, 844-682-2265scampbell@mvbbanking.com
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