October 4, 2023


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MVB Economical Corp. Announces Last Results of Tender Present – Press Release

FAIRMONT, W. Va.–(Business Wire)–MVB Fiscal Corp. (NASDAQ: MVBF) (“MVB” or the “Company”) introduced right now the closing effects of its modified “Dutch auction” tender offer you to buy, for hard cash, up to $45. million of its popular stock at a selling price for every share not less than $18.00 and not greater than $20.25, which expired at 5:00 p.m., New York Town time, at the end of the day on December 18, 2020.

Centered on the closing count by Computershare Have faith in Firm, N.A., the depositary for the tender offer you, a total of 536,490 shares of MVB’s prevalent inventory, $1.00 par value for each share, were adequately tendered and not effectively withdrawn at or beneath the obtain price tag of $20.25 for every share.

The Corporation has approved for acquire 536,490 shares of its frequent inventory at a price of $20.25 for each share, for an mixture expense of about $10,863,922, excluding fees and expenditures relating to the tender provide. These shares signify approximately 4.5 p.c of the shares excellent as of December 22, 2020.

Computershare Trust Firm, N.A. will immediately issue payment for the shares of MVB popular inventory validly tendered and acknowledged for buy in the tender give.

On or before December 31, 2021, the Enterprise may perhaps repurchase from time to time up to $39.2 million of additional shares of prevalent inventory, like shares that had been not or else ordered in the tender provide, under the Company’s beforehand declared stock repurchase program, which repurchases may well manifest from time to time, on the open market place or normally, at such costs and upon this kind of terms as the Enterprise might identify and normally in accordance with relevant legislation. The Corporation is prohibited by SEC regulations from acquiring any more shares of popular stock, other than in the tender provide, till at the very least 10 small business days have elapsed following the expiration day. Accordingly, any more buys may possibly not be consummated right up until at minimum 10 small business times have elapsed right after the tender present expiration date of December 18, 2020. The Organization might also take into consideration from time to time a variety of other indicates of returning added extra funds to shareholders, like dividends, tender features, privately negotiated transactions and/or accelerated share repurchases. The Company’s inventory repurchase program may possibly be modified, suspended or discontinued at any time and does not commit the Company to repurchase shares of its prevalent stock that have been not otherwise acquired in the tender offer you. The real range and worth of the shares to be acquired below the inventory repurchase software or as a result of other implies of returning further surplus money will count on the general performance of the Company’s results of functions, economical place and funds demands, basic company problems, authorized, tax and regulatory constraints or restrictions, any contractual constraints and other things the Organization deems relevant.

The information in this push release describing the tender present is for informational uses only and does not constitute an give to buy or the solicitation of an supply to provide shares of prevalent inventory in the tender supply. The tender provide was manufactured only pursuant to the Give to Acquire and the related resources that the Organization submitted with the SEC, as amended or supplemented. Stockholders who have questions or would like extra details about the tender supply could call the facts agent for the tender offer you, Georgeson LLC, at (800) 733-6198.

About MVB Money Corp.

MVB Money Corp., the keeping enterprise of MVB Bank, Inc., is publicly traded on The Nasdaq Money Market® (“Nasdaq”) beneath the ticker “MVBF.” Nasdaq is a primary world-wide service provider of investing, clearing, trade technological know-how, listing, info and general public corporation companies. Through its subsidiary, MVB Financial institution, Inc., and its subsidiaries, MVB Neighborhood Enhancement Company, Chartwell Compliance and Paladin, the Organization presents economic expert services to persons and company consumers in the Mid-Atlantic area and outside of. Chartwell Compliance is one particular of the world’s main expert firms in condition and federal compliance and marketplace entry facilitation for companies entering into or expanding in North The usa, serving many of the most higher-profile companies of the Fintech field. For a lot more facts about MVB, please go to http://ir.mvbbanking.com.

Forward-looking Statements

The Business has built ahead-searching statements, inside the this means of Segment 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended, in this push launch. These forward-searching statements are based mostly on present anticipations about the long term and issue to risks and uncertainties. Ahead-searching statements include things like, without the need of limitation, details concerning probable or assumed foreseeable future outcomes of functions of the Firm and its subsidiaries. When phrases such as “may,” “plans,” “believes,” “expects,” “anticipates,” “continues,” “may” or equivalent expressions take place in this press launch, the Enterprise is creating forward-searching statements. Note that a lot of variables could have an effect on the long term economical success of the Enterprise and its subsidiaries, both of those separately and collectively, and could bring about all those benefits to vary materially from individuals expressed in the forward-wanting statements contained in this press launch. People aspects involve but are not constrained to: the possibility that shareholders will not be receptive to the tender present the Company’s means to consummate the tender provide or the associated financing important to make proceeds to fund the tender offer you on favorable phrases, alterations in typical sector, financial, tax, regulatory or sector ailments that effect the means or willingness of the Company to consummate the above-explained transactions on the terms explained over or at all credit rating danger improvements in market place fascination prices duration and severity of the new COVID-19 (coronavirus) outbreak and its impact on the Company’s organization and economic issue financial downturn or economic downturn and govt regulation and supervision. More factors that could result in precise outcomes to vary materially from all those explained in the forward-searching statements can be found in the Company’s Once-a-year Report on Form 10-K for the calendar year finished December 31, 2019, as properly as its other filings with the SEC, which are available on the SEC web page at www.sec.gov. Except as essential by legislation, the Organization undertakes no obligation to update or revise any forward-seeking statements.

MEDIA Contact

Amy Baker

VP, Corporate Communications and

Advertising and marketing

MVB Fiscal Corp.

[email protected]

(844) 682-2265


Marcie Lipscomb

[email protected]

(844) 682-2265