MVB Financial Corp. Names W. Marston Becker as New Board Member
18 Novembre 2020 - 10:30PM
Business Wire
The Board of Directors of MVB Financial Corp. (“MVB” or “MVB
Financial”) (Nasdaq: MVBF) has announced the appointment of W.
Marston “Marty” Becker as a Member of the Board.
“Marty Becker is a seasoned executive with 35 years of
experience including CEO and chairman leadership positions in
insurance, reinsurance and insurance brokerage organizations in the
U.S. and internationally, as well as insurance-related private
equity, advisory and investment banking roles. Marty is a welcome
addition to MVB’s Board of Directors,” said David Alvarez,
Chairman, MVB Financial Board of Directors.
Mr. Becker is immediate past Chairman of the Board of QBE
Insurance Group (“QBE”), a top 15 global property and casualty
insurer. QBE is headquartered in Sydney, Australia, and writes over
$15 billion of annual premiums through operations on five
continents. He was appointed to the Board in 2013, became Chair in
2014 and served until March 2020.
“Marty Becker’s extensive experience on boards of public,
private and non-profit entities in a variety of industries give him
a unique perspective of value to MVB as we continue to grow,” said
Larry F. Mazza, President and CEO, MVB Financial Corp. “I look
forward to working with Marty as a trusted partner on the financial
frontier.”
Mr. Becker served as President and Chief Executive Officer of
Alterra Capital Holdings Limited (“Alterra”), and its predecessors
from 2006 to 2013. Alterra, acquired in 2013 by Markel Corporation,
was a global specialty insurance and reinsurance company
headquartered in Bermuda. Mr. Becker joined Alterra’s predecessor
Max Capital Group Ltd. in 2006 as Chairman and CEO, having been a
director since 2004. Prior to that, he led the restructuring and
wind-down of Trenwick Group Ltd.; served as non-executive chairman
of Hales & Company; was Chairman and Chief Executive Officer of
Orion Capital Corporation, an NYSE-listed company with assets
exceeding $4 billion; served as President and CEO of DPIC
Companies, an Orion Capital subsidiary; was President and CEO of
McDonough Caperton Insurance Group; and worked with the public
accounting firm of Ernst & Young.
Mr. Becker serves on a variety of corporate boards in the
financial services, manufacturing and non-profit sectors: director
of Axis Capital (NYSE: AXS); director of Encova Mutual Insurance in
Columbus, Ohio; director of Amynta Group in New York City; director
of Dorado Insurance in Hamilton, Bermuda; Advisory Board member of
private equity funds American Securities, Cohesive Capital and
Madison Dearborn Partners; director of The Mountain Companies of
Parkersburg, West Virginia; member of the Board of Governors of
West Virginia University; director of the West Virginia Chamber of
Commerce; current Chair of the Clay Center for the Arts and
Sciences.
Mr. Becker earned his Juris Doctor and Bachelor of Science in
Business Administration degrees from West Virginia University. He
is a Certified Public Accountant. He has received various honors,
including being named to the West Virginia University Academy of
Distinguished Alumni and the West Virginia Business Hall of Fame.
He received the Leading CPA in Business designation of the West
Virginia Society of CPAs, the Delta Tau Delta National Alumni
Achievement Award and the 2019 Spirit of the Valley award for
community service in Charleston, West Virginia.
Mr. Becker and his wife Katharine reside in Jupiter, Florida,
and Charleston, West Virginia.
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, MVB Technology, Chartwell Compliance and
Paladin Fraud, the Company provides financial services to
individuals and corporate clients in the Mid-Atlantic region and
beyond. 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/20201118005983/en/
MEDIA CONTACT Amy Baker VP, Corporate Communications and
Marketing MVB Bank abaker@mvbbanking.com (844) 682-2265
INVESTOR RELATIONS Marcie Lipscomb
mlipscomb@mvbbanking.com (844) 682-2265
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