MVB Financial Corp. to Appoint Steven E. Crouse as Chief Financial Officer
14 Settembre 2022 - 10:30PM
Business Wire
In connection with the previously announced definitive merger
agreement of MVB Financial Corp. (“MVBF,” “MVB Financial” or “MVB”)
(Nasdaq: MVBF) and Integrated Financial Holdings Inc. (“IFH”)
(OTCQX: IFHI), Steven E. Crouse will be appointed Chief Financial
Officer of MVBF upon closing of the transaction.
In his new role, Crouse will be responsible for all financial
and fiscal management aspects of company operations for MVB.
Reporting to Don Robinson, President of MVBF and MVB Bank, Crouse
will provide leadership and coordination in administrative,
business planning, accounting, finance and budgeting efforts of the
company.
“With his nearly 30 years of banking experience, we are pleased
to have Steve join Team MVB as a trusted partner,” Robinson said.
“As a seasoned executive, Steve will provide immediate value to our
organization.”
Crouse most recently served as Executive Vice President (EVP),
Chief Financial Officer for Integrated Financial Holdings (“IFH”).
He joined the IFH family of companies in 2019. In addition to
overseeing the audit function for West Town Bank & Trust, he
was responsible for the financial management of the holding company
and the bank.
Prior to his tenure at IFH, Crouse was the EVP, Chief Financial
Officer at Paragon Bank (now TowneBank) and Senior Vice President,
Finance and Chief Accounting Officer at Capital Bank Financial
Corporation, working to help develop strategies to maximize
shareholder value. He also spent time as an Audit Manager at
McGladrey & Pullen. He serves as an Executive Board Member and
past Director of Finance for the Boy Scouts of America and holds a
B.A. degree in Accounting from North Carolina State University.
Crouse, a Certified Public Accountant, is a graduate of
Leadership Raleigh 24, a member of the Board of Directors for
Junior Achievement of Eastern North Carolina and is 2022 Chairman
of the North Carolina Bankers Association’s NC Bank CFO Peer Group.
In 2013 he was named CFO of the Year-Good Samaritan Award by the
Triangle Business Journal for his volunteer work with nonprofits.
In 2017 he was named CFO of the Year-Large Public Company by the
Triangle Business Journal. Crouse and his family reside in Apex,
North Carolina.
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 earnings 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/20220914005686/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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