MVB Bank Forms Government Lending Team as Part of Expansion

MEDIA CONTACTS

Amy Baker

VP, Corporate Communications and Marketing

MVB Bank

abaker@mvbbanking.com . 844-682-2265

MVB Bank Forms Government Lending Team

as Part of Continued Expansion in Northern Virginia

(FAIRMONT, W.Va.) Dec. 16, 2019 – MVB Bank Inc., a wholly-owned subsidiary of MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial”) has launched a Government Lending Team, based at the bank’s Northern Virginia regional corporate offices in Reston, Va.

Formation of the team consolidates and expands the services MVB provides to clients and provides a one-stop shop for contractors. This effort builds on MVB’s strong reputation for connecting government contractors with the resources they need to grow.

“MVB Bank has relationships with some of the top 10 fastest growing government contractors. We have a very strong portfolio of treasury management services,” said Jamie Nalls, MVB Region President, Northern Virginia. “From the beginning, we have had a solid foundation in government leasing; however, we identified the need to broaden our market share among small-, mid- and large-sized government contractors. Serving this community connects us not only to our clients but also to owners and employees by strengthening relationships through existing cash management services, retail and mortgage platforms through MVB Mortgage.”

Christopher O. Turley has been named Market President of Government Lending.

“Our team is focused on expanding relationship opportunities by providing and supporting the working capital, equipment and leasing, merger and acquisition capital needs of government contractors. We want to become the premier trusted financial partner to this vital community.”

MVB Bank, a $1.8 billion asset progressive bank, continues to expand and modernize its presence in Northern Virginia. The MVB footprint includes banking center locations in McLean, Leesburg and Reston and a regional corporate office in Reston.

About MVB Financial Corp.

###a name="_Hlk24371935">MVB Financial Corp. (“MVB Financial” or “MVB”), 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, MVB Mortgage, MVB Community Development Corporation and Chartwell Compliance, the company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. Chartwell Compliance is one of the world’s leading specialist firms in state and federal compliance and market entry facilitation for firms entering into or expanding in North America, serving many of the most high-profile providers of the Fintech industry. For more information about MVB, please visit

# # #

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 Press Release. 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, as well as MVB’s future plans with regard to its fintech line of business. When words such as “plans,” “believes,” “expects,” “anticipates,” “continues,” “may” or similar expressions occur in this Press Release, the Company is making forward-looking statements. 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 the forward-looking statements contained in this Press Release. Those factors include but are not limited to: credit risk; changes in market interest rates; competition; economic downturn or recession; and government regulation and supervision. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.