MVB Bank Approved To Acquire Two Branches Of Susquehanna Bank

MVB Bank, Inc. (MVB), a wholly-owned subsidiary of MVB Financial Corp. (OTC Markets Group OTCQB: MVBF), announced today that it had received the necessary regulatory approvals for the acquisition of two Susquehanna Bank branch locations in Berkeley County, West Virginia (704 Foxcroft Avenue in Martinsburg, West Virginia and 5091 Gerrardstown Road in Inwood, West Virginia). The acquisition is expected to close August 28, 2015. MVB Bank will assume approximately $69 million of deposits and $17 million of loans and increase its market footprint from three branches in West Virginia's Eastern Panhandle to five in both Berkeley and Jefferson counties. The conversion will be completed upon transaction close and branding will be commensurate with closing. "For nearly a decade, MVB Bank has been serving the Eastern Panhandle of West Virginia," said Larry F. Mazza, CEO, MVB Financial Corp. "This expansion for MVB Bank strengthens our total presence, in a very good market with excellent people, for a long term commitment to this region." About MVB