December 3, 2023

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MVB Fiscal Corp. Announces Final Benefits of Tender Present

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FAIRMONT, W. Va.–(Business enterprise WIRE)–Dec 23, 2020–

MVB Money Corp. (NASDAQ: MVBF) (“MVB” or the “Company”) introduced nowadays the final success of its modified “Dutch auction” tender offer you to invest in, for income, up to $45. million of its typical inventory at a selling price for each share not fewer than $18.00 and not higher than $20.25, which expired at 5:00 p.m., New York City time, at the end of the day on December 18, 2020.

Based on the ultimate count by Computershare Have faith in Organization, N.A., the depositary for the tender present, a whole of 536,490 shares of MVB’s widespread stock, $1.00 par benefit for each share, ended up adequately tendered and not effectively withdrawn at or underneath the obtain price tag of $20.25 for every share.

The Organization has accepted for obtain 536,490 shares of its popular stock at a value of $20.25 per share, for an combination price of roughly $10,863,922, excluding costs and expenditures relating to the tender offer you. These shares stand for roughly 4.5 percent of the shares remarkable as of December 22, 2020.

Computershare Rely on Organization, N.A. will promptly situation payment for the shares of MVB common stock validly tendered and accepted for buy in the tender supply.

On or before December 31, 2021, the Company might repurchase from time to time up to $39.2 million of extra shares of frequent inventory, which includes shares that have been not or else bought in the tender provide, under the Company’s formerly declared stock repurchase system, which repurchases may well take place from time to time, on the open industry or if not, at these prices and on these phrases as the Company may determine and normally in accordance with applicable legislation. The Enterprise is prohibited by SEC rules from getting any more shares of prevalent inventory, other than in the tender offer you, right until at least ten small business times have elapsed soon after the expiration day. Appropriately, any additional purchases may perhaps not be consummated right up until at least ten enterprise days have elapsed after the tender offer you expiration date of December 18, 2020. The Company may possibly also consider from time to time different other means of returning further extra capital to shareholders, which includes dividends, tender presents, privately negotiated transactions and/or accelerated share repurchases. The Company’s inventory repurchase program may perhaps be modified, suspended or discontinued at any time and does not commit the Company to repurchase shares of its typical inventory that had been not if not purchased in the tender give. The real selection and benefit of the shares to be ordered under the inventory repurchase plan or by means of other suggests of returning more excess money will rely on the general performance of the Company’s effects of operations, economical situation and funds specifications, typical business problems, authorized, tax and regulatory constraints or constraints, any contractual limitations and other aspects the Organization deems pertinent.

The info in this push release describing the tender supply is for informational reasons only and does not represent an offer you to obtain or the solicitation of an provide to sell shares of typical stock in the tender offer. The tender give was manufactured only pursuant to the Give to Purchase and the linked products that the Enterprise filed with the SEC, as amended or supplemented. Stockholders who have inquiries or would like extra info about the tender present may perhaps make contact with the information and facts agent for the tender provide, Georgeson LLC, at (800) 733-6198.

About MVB Money Corp.

MVB Fiscal Corp., the keeping organization of MVB Bank, Inc., is publicly traded on The Nasdaq Money Market® (“Nasdaq”) under the ticker “MVBF.” Nasdaq is a leading international service provider of investing, clearing, trade technological innovation, listing, info and community organization services. As a result of its subsidiary, MVB Bank, Inc., and its subsidiaries, MVB Group Enhancement Corporation, Chartwell Compliance and Paladin, the Firm gives monetary providers to people and company purchasers in the Mid-Atlantic region and over and above. Chartwell Compliance is 1 of the world’s major expert firms in condition and federal compliance and current market entry facilitation for corporations getting into into or expanding in North The us, serving lots of of the most high-profile companies of the Fintech industry. For far more data about MVB, be sure to check out

Forward-searching Statements

The Business has made ahead-wanting statements, in just the meaning of Part 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press launch. These ahead-searching statements are based on existing expectations about the upcoming and issue to hazards and uncertainties. Forward-on the lookout statements involve, without having limitation, facts regarding probable or assumed upcoming final results of functions of the Company and its subsidiaries. When text such as “may,” “plans,” “believes,” “expects,” “anticipates,” “continues,” “may” or identical expressions come about in this push release, the Organization is creating ahead-on the lookout statements. Note that a lot of elements could have an effect on the upcoming financial effects of the Company and its subsidiaries, equally individually and collectively, and could cause those people success to differ materially from these expressed in the ahead-searching statements contained in this push release. Individuals things incorporate but are not restricted to: the chance that shareholders will not be receptive to the tender present the Company’s capability to consummate the tender provide or the similar financing vital to create proceeds to fund the tender offer you on favorable phrases, alterations in normal sector, economic, tax, regulatory or industry conditions that affect the means or willingness of the Organization to consummate the above-explained transactions on the terms described over or at all credit score risk variations in market fascination premiums duration and severity of the latest COVID-19 (coronavirus) outbreak and its affect on the Company’s company and financial situation financial downturn or recession and federal government regulation and supervision. Supplemental variables that may possibly lead to actual final results to differ materially from people described in the forward-seeking statements can be discovered in the Company’s Once-a-year Report on Sort 10-K for the yr ended December 31, 2019, as very well as its other filings with the SEC, which are obtainable on the SEC web site at Other than as needed by legislation, the Organization undertakes no obligation to update or revise any ahead-searching statements.

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Contact: MEDIA Contact

Amy Baker

VP, Corporate Communications and


MVB Money Corp.

[email protected]

(844) 682-2265


Marcie Lipscomb

[email protected]

(844) 682-2265


Market Keyword: BANKING Experienced Companies FINANCE

Supply: MVB Economical Corp.

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