MVB Financial Corp. 3.25% 01-OCT-2031MVB Financial Corp. 3.25% 01-OCT-2031MVB Financial Corp. 3.25% 01-OCT-2031

MVB Financial Corp. 3.25% 01-OCT-2031

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Overview
Analysis

Key terms


Outstanding amount
‪30.00 M‬USD
Face value
1,000.00USD
Minimum denomination
100,000.00USD
Coupon
3.25% (Variable)
Coupon frequency
Semi-annual
Yield to maturity
Maturity date
Oct 1, 2031
Term to maturity
6 years

About MVB Financial Corp. 3.25% 01-OCT-2031


Sector
Finance
Industry
Regional Banks
Issue date
Sep 28, 2021
FIGI
BBG012NWXSS0
MVB Financial Corp. is a holding company, which engages in the provision of community and mortgage banking services. It operates through the following segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. The CoRe Banking segment includes the Fintech division, which represents banking products and services offered to customers by the bank, primarily loans and deposits accounts. The Mortgage Banking segment focuses on the share of net income or loss from mortgage banking activities of equity method investments in ICM and Warp Speed. The Financial Holding Company segment refers to the intercompany service income and dividends. The company was founded in 1999 and is headquartered in Fairmont, WV.
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