MVB Financial Corp

MVB Financial Corp

MVB Financial Corp was founded in 1997 by Larry F. Mazza in Fairmont, West Virginia. The firm operates as a publicly-traded bank holding company (NASDAQ: MVBF) that has expanded its reach beyond traditional community banking into fintech services through MVB Bank. The firm deploys capital primarily through its banking operations, focusing on commercial real estate, business lending, and a growing Banking-as-a-Service (BaaS) segment. MVB provides payment processing, card issuing, and deposit services to fintech and iGaming companies, including partnerships with clients like DraftKings and other regulated gaming operators (per the firm's annual report, 2023). Geographically, the bank serves clients across all 50 states through its digital infrastructure, with physical offices in West Virginia, Utah, Massachusetts, and California. MVB employs approximately 500 professionals and maintains a public float on Nasdaq. The firm has not disclosed a centralized AUM or deployment figure given its regulated bank structure. In 2024, MVB announced an agreement to sell its MVB Community Development Corp. subsidiary, streamlining its focus on core banking and fintech services (per SEC filing, March 2024). MVB's structural differentiator lies in its hybrid model — a community bank that has pivoted to serve as a regulated backbone for unbanked fintech startups. This creates a fee-based revenue stream tied to transaction volumes rather than traditional loan interest, reducing credit risk while giving the firm visibility into emerging payment flows.