It's a regional bank that also serves as a crucial backend partner for Fintech companies, providing them with essential banking, compliance, and fraud services, similar to how Stripe enables online businesses with payment infrastructure.

Think of it as a regional bank that also acts as the 'AWS for Fintechs,' offering specialized banking services, regulatory compliance, and software development as crucial infrastructure for financial technology companies.

• Deposit Accounts: Offers various demand deposit, savings, money market, and certificates of deposit accounts.
• Lending Services: Provides commercial, consumer, real estate mortgage loans, and lines of credit.
• General Banking Services: Includes debit cards, cashier's checks, and safe deposit rental facilities.
• Non-Deposit Investment Services: Offers investment services not tied to traditional deposit accounts.
• Fintech Banking Services: Provides specialized banking solutions tailored for financial technology companies.
• Title Insurance: Offers insurance policies related to property titles.
• Regulatory Compliance & Risk Management Services: Delivers consulting, outsourcing, testing, and training for compliance, licensing, financial crimes prevention, and enterprise risk management.
• Fraud Prevention Services: Provides a customizable suite of services to prevent fraud for merchants, credit agencies, and Fintech companies.
• Digital Banking & Software Development: Offers consulting for online and mobile banking platforms and develops software, often for Fintech clients.

MVB Financial (MVBF) serves a diverse customer base, making it difficult to definitively categorize them as selling primarily to individuals or primarily to other companies. However, the company description provides enough detail to identify distinct customer categories across both segments, particularly highlighting their specialized B2B services.

Based on the company's description, MVB Financial serves the following major customer categories:

• Individuals and Households: These customers utilize MVB Financial for traditional retail banking services, including various deposit accounts (demand deposit, savings, money market, certificates of deposit), consumer loans, real estate mortgage loans, lines of credit, debit cards, cashier's checks, and safe deposit rental facilities. These services primarily cater to residents within MVB's Mid-Atlantic branch locations in West Virginia and Virginia.
• Small and Medium-sized Businesses (SMBs) and General Corporate Clients: This category encompasses businesses requiring traditional commercial banking services such as commercial loans, lines of credit, and business-oriented deposit accounts. These clients also benefit from services like title insurance and other general financial offerings suitable for corporate operations, typically within or around MVB's geographic footprint.
• Fintech Companies, Merchants, Credit Agencies, and Other Vendors: This represents a specialized and significant business-to-business (B2B) segment. MVB Financial provides these clients with a range of advanced services, including financial technology (Fintech) banking services, customizable fraud prevention services, consulting for the development of online and mobile banking platforms and digital products, and software development. Additionally, this category includes organizations seeking integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management solutions. These clients extend beyond the regional Mid-Atlantic, often operating nationally and internationally.

Fiserv, Inc. (symbol: FISV)

Larry F. Mazza, President and Chief Executive Officer

Larry F. Mazza joined MVB in 2005 and became CEO in 2009. He also reassumed the role of President in July 2025. Under his leadership, MVB has grown significantly, transforming from a community bank to a NASDAQ-listed and Russell 2000 company with a strong focus on Fintech. Mr. Mazza began his career as a Certified Public Accountant with KPMG. Prior to joining MVB, he spent 20 years at BB&T (now Truist Bank) and its predecessors, serving as Senior Vice President & Retail Banking Manager for BB&T Bank's West Virginia North region, and previously as President of Empire National Bank and Regional President of One Valley Bank. Demonstrating an entrepreneurial mindset, he was also a co-owner and business partner for two decades of Football Talk, LLC, which operated the nationally recognized website ProFootballTalk.com, a key content provider for NBC Sports. He has served on the boards of public companies, including PDC Energy from 2007 to 2019, which was acquired by Chevron Corporation in 2023. He also served on the Board of Kraken Financial from 2020 to 2023 and currently serves on the Board of Directors for BillGO, a Fintech company.

Michael R. Sumbs, Executive Vice President, Chief Financial Officer

Michael R. Sumbs was appointed Executive Vice President and Chief Financial Officer of MVB Financial Corp. and MVB Bank, effective July 14, 2025. He brings over 15 years of experience in strategic finance and investment banking. Before joining MVB, Mr. Sumbs worked at Raymond James & Associates, Inc. since 2017, most recently as a Director in their financial services practice, leading strategic advisory mandates for banks and financial services firms. He previously served as an Investment Banking Associate at Macquarie Capital, focusing on advisory and transaction execution for banks and financial technology companies. From 2012 to 2015, Mr. Sumbs was a Strategy and Corporate Development officer at Yadkin Financial, where he supported the company through three successful whole-bank acquisitions and a public follow-on equity offering. He began his career in 2008 at Keefe, Bruyette and Woods (KBW), advising depository institutions.

Michael L. Giorgio, Executive Vice President, Chief Information Officer

Michael L. Giorgio serves as Executive Vice President, Chief Information Officer for MVB Financial Corp. and MVB Bank, and is also President of Victor, Edge Ventures, and MVB Technologies. He joined MVB in 2023, bringing over 20 years of leadership experience in operations, lending, risk, information/cyber security, and technology within retail/commercial banking and Fintech organizations. Prior to MVB, Mr. Giorgio served as Chief Executive Officer of Kraken Bank (SPDI) and Chairman & CEO of SMC Blockchain Labs. His earlier experience includes roles as Senior Vice President and Chief Technology Officer at Metropolitan Commercial Bank and Laurel Road. Mr. Giorgio holds an MBA from Quinnipiac University and a B.S. in Computer Science from St. John's University.

C. Brad Greathouse, Executive Vice President, Chief Administrative Officer

C. Brad Greathouse is the Executive Vice President, Chief Administrative Officer for MVB Financial Corp. and MVB Bank. He joined MVB Financial Corp. in 2018 as Senior Vice President of Human Resources and was subsequently promoted to his current role. Mr. Greathouse possesses nearly 30 years of progressive leadership experience. Previously, he held the position of Vice President of Human Relations for Mylan's North America leadership team. He earned a bachelor's degree in Business Administration from West Virginia University and a master's degree in Human Resource Management from the University of South Carolina.

Jeremy Kuiper, Executive Vice President, Fintech President

Jeremy Kuiper joined MVB as Executive Vice President, Fintech President in June 2024, bringing 25 years of payments industry experience at the executive and board level. In this role, he is responsible for leading, developing, and growing MVB's Fintech Banking Team, which encompasses all payment activities, including issuing, acquiring, gaming, and payment/money movement products and services. Prior to MVB, Mr. Kuiper served as Executive Vice President, Enterprise Development at Pathward (since 2019). From 2007, he held various positions at The Bancorp, including Executive Vice President and Managing Director of its Payment Solutions division, where he oversaw all domestic and international payments business. He has also held senior leadership positions with BankFirst and United Credit National Bank, and served as the Chairman of the Network Branded Prepaid Card Association (now the Innovative Payments Association).

Key Risks to MVB Financial (MVBF)

MVB Financial, which provides traditional banking services alongside a significant focus on financial technology (Fintech) banking, faces several key risks inherent to its business model and the broader financial industry.

1. Regulatory and Compliance Risk, particularly concerning FinTech Partnerships: MVB Financial's strategic emphasis on Fintech and Banking-as-a-Service (BaaS) exposes it to considerable regulatory scrutiny and potential litigation. The company is ultimately liable for the compliance failures of its FinTech partners. The evolving regulatory landscape, including new rules related to data privacy and fair lending in the digital space, could necessitate the termination of partnerships or significantly increase compliance overhead for MVB Financial's FinTech segment. Heightened scrutiny on regional banks following 2023 failures also translates to higher compliance costs and deeper stress tests for MVBF.
2. Interest Rate Risk and Economic Conditions: As a financial institution, MVB Financial is significantly exposed to fluctuations in interest rates and broader economic conditions. Persistent interest rate pressure, with the Federal Funds Rate at restrictive levels, can compress the bank's Net Interest Margin (NIM), impacting profitability. The cost of funds for MVB has risen, and there has been a shift away from noninterest-bearing deposits, increasing the overall cost of the bank's funding. Economic downturns can also lead to increased operational failures, liquidity constraints, and deterioration of credit quality.
3. Cybersecurity Risk: Given MVB Financial's deep involvement in Fintech and its utilization of AI for fraud detection, cybersecurity presents a major risk. The increasing sophistication of cyberattacks necessitates substantial capital expenditure for cybersecurity measures. Operating high-profile FinTech and Gaming BaaS platforms significantly elevates the company's cybersecurity risk profile, requiring continuous threat monitoring and rigorous third-party vendor oversight.

The increasing trend of successful financial technology (Fintech) companies obtaining their own bank charters or expanding their operations to directly offer regulated banking services. This development could diminish the need for Fintechs to rely on intermediary banks like MVB Financial for their core banking infrastructure, thereby threatening MVB Financial's 'Fintech banking services' segment, which serves these companies.

MVB Financial Corp. (MVBF) operates in several key financial services markets, primarily within the United States. The addressable market sizes for its main products and services are outlined below:

• Fintech Banking Services: The U.S. fintech market size is anticipated to be valued at approximately USD 95.2 billion in 2025 and is projected to grow to about USD 248.5 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 14.7% during this forecast period. This market focuses on digital banking, payments, and various technology-driven financial services.
• Mortgage Banking (Real Estate Mortgage Loans): The total single-family mortgage origination volume in the United States is expected to reach USD 2.2 trillion in 2026, an increase from USD 2.0 trillion in 2025. This figure represents the overall volume of new mortgages originated in the U.S.
• CoRe Banking (Retail and Commercial Banking):
  • Retail Banking: The U.S. retail banking market generated approximately USD 1.28 trillion in revenue in 2025. This market is forecast to increase by USD 92.1 billion with a CAGR of 4.2% between 2024 and 2029.
  • Commercial Banking: The U.S. commercial banking market size was approximately USD 732.5 billion in 2025 and is projected to reach USD 915.45 billion by 2030, with a CAGR of 4.56%. Another estimate places the U.S. commercial banking market size at USD 1.6 trillion in 2026.
• Title Insurance: The market size for Title Insurance in the U.S. was approximately USD 16.8 billion in 2024 and is estimated to be USD 17.1 billion in 2025.
• Integrated Regulatory Compliance, Financial Crimes Prevention, and Enterprise Risk Management Services: The United States governance, risk, and compliance (GRC) platform market size reached approximately USD 24.6 billion in 2024. This market is expected to grow to USD 53.9 billion by 2033, with an estimated CAGR of 8.65% from 2025 to 2033.

MVB Financial (NASDAQ: MVBF) is expected to drive future revenue growth over the next two to three years through several key strategies:

• Expansion in Fintech and Gaming Banking: MVB Financial is strategically concentrating its expansion efforts on the high-growth Fintech and Gaming sectors. This includes developing Banking-as-a-Service (BaaS) and embedded finance solutions, payments processing, and iGaming programs across the United States. This specialized focus is aimed at increasing deposit growth and generating fee income.
• Robust Loan Growth: The company anticipates continued strong loan growth, particularly in its commercial loan portfolio, which is expected to bolster net interest income. MVB Financial reported vigorous loan pipelines and an 11.6% year-over-year loan growth in 2025.
• Growth in Core Fee Income: MVB Financial is experiencing momentum in its core fee income categories. Specifically, payment card and service charge income have shown increases, and plans are in place to broaden treasury services, targeting financial and emerging technology companies to further boost fee income and core deposits.
• Net Interest Income and Margin Expansion: The company has observed favorable trends in net interest income, with an expanding net interest margin. This expansion is expected to continue contributing positively to profitability and overall revenue growth in the coming years.