MVB Financial Corp. Names Anna Sainsbury as New Board Member
16 Settembre 2020 - 3:00PM
Business Wire
The Board of Directors of MVB Financial Corp. (“MVB” “MVB
Financial”) (Nasdaq: MVBF) has announced the appointment of Anna
Sainsbury as a Member of the Board.
“Anna Sainsbury’s cutting-edge technology is a cornerstone in
geolocation compliance. We are honored that-she is bringing her in
depth knowledge of highly regulated industries and her entrepreneur
spirit to our Board of Directors,” said David Alvarez, Chairman,
MVB Financial Board of Directors.
A well-known name in the iGaming industry, Sainsbury, Chairman
and Founder at GeoGuard and GeoComply, has been nominated for
several top honors. She was shortlisted as the American Executive
of the Year for the 2020 Global Gaming Awards. She was a finalist
for the GamblingCompliance Global Regulatory Awards 2019 in the
Chief Executive Officer of the Year category. iGaming Business
named Sainsbury to its Most Influential Women 2019 list, which aims
to showcase the industry’s most accomplished women and inspire
others to progress their careers within the industry.
“Anna Sainsbury is a global leader in geolocation compliance
technology for iGaming. As the market for regulated online gaming
in the United States expands, Anna brings valuable expertise to MVB
Financial’s Board of Directors, helping to take us further into the
financial frontier,” said Larry F. Mazza, President and CEO, MVB
Financial Corp. “I welcome Anna to the MVB family as a trusted
partner. Together, we are committed to the success of our Fintech
clients and shareholders.”
Sainsbury has more than 10 years of experience in the eCommerce
sector, working with regulators, operators and vendors throughout
North America, Australia, Asia and Europe. Most recently, she
developed and delivered a reliable geolocation solution for the
expanding geolocation compliance and geofence markets. She is a
member of the American Gaming Association Board of Directors.
In 2011, she set up GeoComply, an innovative company aimed at
filling a crucial missing piece of the U.S. iGaming jigsaw -- the
ability to accurately locate players to within state borders and to
detect and block popular location spoofing technologies such as
VPNs and DNS Proxies that allow players to manipulate their
location data.
Building a robust solution from the ground up to meet the
stringent requirements of the iGaming industry, Sainsbury then went
on the road to meet with state and federal legislators as well as
gaming regulators, operators and vendors. These meetings provided
the education and information required to provide confidence that a
geofencing solution was available to ensure that federal laws such
as the Wire Act and UIGEA would not be breached by transactions out
of state.
As a result of Sainsbury’s efforts in this expanding industry,
GeoComply is now seen as the Gold Standard for geolocation
compliance; licensed in all U.S. states currently offering online
betting or gaming. Today, the likes of MGM, Caesars, Churchill
Downs, William Hill, Draft Kings and FanDuel all rely on GeoComply
for their geolocation compliance to state and federal law.
Sainsbury resides West Vancouver, B.C., Canada.
About MVB Financial Corp.
MVB Financial Corp. (“MVB Financial” or “MVB”), the holding
company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital
Market® under the ticker “MVBF.” Nasdaq is a leading global
provider of trading, clearing, exchange technology, listing,
information and public company services. Through its subsidiary,
MVB Bank, Inc., and the Bank’s subsidiaries, MVB Community
Development Corporation, Chartwell Compliance and Paladin, the
Company provides financial services to individuals and corporate
clients in the Mid-Atlantic region and beyond. Chartwell Compliance
is one of the world’s leading specialist firms in state and federal
compliance and market entry facilitation for firms entering into or
expanding in North America, serving many of the most high-profile
providers of the Fintech industry. For more information about MVB,
please visit http://ir.mvbbanking.com.
Forward-looking Statements
MVB Financial Corp. (the “Company”) 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, without limitation, information concerning possible or
assumed future results of operations of the Company and its
subsidiaries. When words such as “may,” “plans,” “believes,”
“expects,” “anticipates,” “continues,” “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 anticipated synergies; ability to
successfully integrate recent mergers and acquisitions, including
First State and Summit; competition; length and severity of the
recent COVID-19 (coronavirus) outbreak and its impact on the
Company’s business and financial condition; economic downturn or
recession; 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, 2019, 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/20200916005561/en/
Amy Baker VP, Corporate Communications and Marketing MVB
Bank abaker@mvbbanking.com 844-682-2265
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