The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB
Financial”) (Nasdaq: MVBF) has announced that W. Marston Becker has
been named Chairman of the Board.
Mr. Becker, who has been a member of the Board since November
2020, replaces retiring Chairman David B. Alvarez. Mr. Becker is a
member of the following Board Committees: Finance, Human Resources
and Edge Ventures.
“Marty’s leadership and experience have proven to be a great
asset to the MVB Board of Directors as MVB continues to scale and
execute our MVB-F1: Success Loves Speed Strategic Plan,” said Larry
F. Mazza, CEO, MVB Financial. “Marty has more than 35 years of
experience in 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.”
Mr. Becker is past Chairman of the Board of the large market
capitalization 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.
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, a 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; Advisory
Board member of private equity funds American Securities, Cohesive
Capital, Madison Dearborn Partners and Station 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; and 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., 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, 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, 2021, 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/20220825005667/en/
MEDIA CONTACT Amy Baker VP, Corporate Communications
& Marketing MVB Bank abaker@mvbbanking.com (844) 682-2265
INVESTOR RELATIONS Marcie Lipscomb
mlipscomb@mvbbanking.com (844) 682-2265
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