MVB Financial Corp. Declares First Quarter 2021 Dividend
17 Febbraio 2021 - 10:01PM
Business Wire
MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or
the “Company”) has declared a quarterly cash dividend of $0.10 per
share payable on March 15, 2021, to shareholders of record at the
close of business on March 1, 2021.
This is the first quarterly dividend for 2021 and includes a
11.1% increase in dividends as compared to the previous quarter
dividend of $0.09 per share.
“Despite the challenges of the COVID-19 pandemic, 2020 ended as
one of the most successful years in MVB history with record
earnings. In unprecedented times, Team MVB completed multiple
strategic transactions, created growth in tangible book value and
shareholder value. We are pleased to increase our dividend level
for shareholders and, as always, are committed to their success,”
said Larry F. Mazza, President and CEO, MVB Financial Corp.
About MVB Financial Corp.
MVB Financial Corp., 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, Paladin Fraud, and MVB Technology, 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. 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 that are intended to be covered by
the protections provided under the Private Securities Litigation
Reform Act of 1995. 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.
Forward-looking statements can be identified by the use of words
such as “may,” “could,” “should,”, “would,” “will,” “plans,”
“believes,” “estimates,” “expects,” “anticipates,” “intends,”
“continues,” or the negative of those terms or similar expressions.
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 forward-looking statements. Therefore,
undue reliance should not be placed upon any forward-looking
statements. Those factors include but are not limited to: market,
economic, operational, liquidity, and credit risk; changes in
market interest rates; inability to achieve anticipated synergies
and successfully integrate recent mergers and acquisitions;
inability to successfully execute business plans, including
strategies related to investments in financial technology
companies; competition; length and severity of the COVID-19
pandemic and its impact on the Company’s business and financial
condition; changes in economic, business, and political conditions;
changes in demand for loan products and deposit flow; operational
risks and risk management failures; 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’s website at
www.sec.gov. Except as required by law, the Company disclaims any
obligation to update, revise, or correct any forward-looking
statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210217005946/en/
Amy Baker VP, Corporate Communications and
Marketing MVB Bank abaker@mvbbanking.com (844)
682-2265
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