MVB FINANCIAL Business Summary

MVB Financial Corp (MVBF) operates a hybrid financial services model that bridges traditional community banking with a specialized, national Banking-as-a-Service (BaaS) platform. The company generates revenue through a dual-stream approach: net interest income from its commercial and retail (CoRe) lending portfolios and high-margin non-interest income derived from its fintech and gaming verticals. This BaaS infrastructure provides API-driven payment sponsorship, card issuance, and regulatory oversight for technology-forward clients in the payments and online gaming sectors. MVBF’s operations are organized into three primary segments—CoRe Banking, Mortgage Banking, and the Financial Holding Company—and it frequently augments its earnings through the strategic divestiture of incubated fintech subsidiaries. Within the market, MVB occupies a unique niche; while it maintains a regional footprint similar to United Bankshares and WesBanco, it competes nationally against fintech-specialist banks like Cross River Bank and Piermont Bank, positioning itself as a premier infrastructure provider for the digital economy. Established in 1997 by local business leaders in Fairmont, West Virginia, including organizer Stephen R. Brooks, MVB is led by President and CEO Larry F. Mazza, who has spearheaded the company’s fintech transformation since 2009. The executive leadership team includes EVP and CFO Michael R. Sumbs, who joined in July 2025 with an extensive investment banking background from Raymond James, and EVP and Chief Information Officer Michael Louis Giorgio, who directs the firm’s technological and R&D strategy. Governance is overseen by a board recently refreshed in February 2026, featuring Chairman Dr. Kelly R. Nelson and new director Adam Famularo, a veteran executive in AI-driven financial crime compliance. The company maintains a strong institutional investor base, with major holdings from firms such as Wellington Management, BlackRock, and Vanguard, while Mazza remains one of the largest individual stakeholders, ensuring leadership alignment with the firm’s long-term growth trajectory.