MVB Financial Corp.
03/03/2026 | Press release | Distributed by Public on 03/03/2026 07:32
Material Event (Form 8-K)
Item 8.01. Other Events.
On March 2, 2026, MVB Financial Corp. ("MVB"), the holding company for MVB Bank Inc., redeemed all of the $40.0 million aggregate principal amount of its 4.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the "Notes"). On the date of the redemption, the Notes bore interest at a variable per annum rate, reset quarterly, equal to the then-current three-month term SOFR rate, plus 401 basis points, or 7.67% as of March 2, 2026. The Notes were structured to qualify as Tier 2 capital for regulatory capital purposes. The redemption was funded by a combination of MVB's $20.0 million revolving line of credit and cash on hand.
The information furnished by MVB pursuant to this Item 7.01, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
MVB Financial Corp. published this content on March 03, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 03, 2026 at 13:32 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]