MVB Money Corp. Declares Initially Quarter 2021 Dividend
MVB Fiscal Corp. (NASDAQ: MVBF) (“MVB Economic,” “MVB,” or the “Firm”) has declared a quarterly cash dividend of $.10 per share payable on March 15, 2021, to shareholders of file at the near of company on March 1, 2021.
This is the initially quarterly dividend for 2021 and contains a 11.1% improve in dividends as as opposed to the preceding quarter dividend of $.09 for each share.
“Irrespective of the issues of the COVID-19 pandemic, 2020 ended as one of the most successful years in MVB record with document earnings. In unparalleled situations, Group MVB concluded numerous strategic transactions, designed progress in tangible ebook value and shareholder worth. We are pleased to maximize our dividend amount for shareholders and, as always, are dedicated to their good results,” reported Larry F. Mazza, President and CEO, MVB Money Corp.
About MVB Monetary Corp.
MVB Economic Corp., the keeping business of MVB Bank, Inc., is publicly traded on The Nasdaq Funds Market® below the ticker “MVBF.” Nasdaq is a foremost world service provider of trading, clearing, trade technology, listing, data and general public company providers. As a result of its subsidiary, MVB Lender, Inc., and the Bank’s subsidiaries, MVB Local community Improvement Company, Chartwell Compliance, Paladin Fraud, and MVB Engineering, the Company delivers economical providers to people today and corporate clients in the Mid-Atlantic area and past. For additional data about MVB, be sure to take a look at http://ir.mvbbanking.com.
Ahead-Looking Statements
MVB Economic Corp. has made ahead-looking statements, inside the meaning of Part 27A of the Securities Act of 1933, as amended, and Area 21E of the Securities Exchange Act of 1934, as amended, in this push release that are meant to be lined by the protections furnished beneath the Private Securities Litigation Reform Act of 1995. These ahead-seeking statements are based on existing expectations about the potential and subject to threats and uncertainties. Ahead-wanting statements include things like, without having limitation, facts relating to feasible or assumed long run success of operations of the Enterprise and its subsidiaries. Forward-hunting statements can be determined by the use of phrases this sort of as “might,” “could,” “should really,”, “would,” “will,” “strategies,” “thinks,” “estimates,” “expects,” “anticipates,” “intends,” “continues,” or the adverse of individuals conditions or similar expressions. Note that quite a few factors could have an affect on the upcoming monetary effects of the Firm and its subsidiaries, both separately and collectively, and could lead to those success to differ materially from those people expressed in forward-searching statements. Hence, undue reliance should not be put on any ahead-looking statements. People aspects include things like but are not minimal to: sector, economic, operational, liquidity, and credit history chance improvements in market fascination prices lack of ability to obtain expected synergies and productively integrate recent mergers and acquisitions lack of ability to properly execute organization ideas, like procedures connected to investments in monetary know-how businesses opposition size and severity of the COVID-19 pandemic and its affect on the Company’s enterprise and economical condition variations in economic, business enterprise, and political disorders modifications in demand from customers for bank loan products and solutions and deposit stream operational pitfalls and possibility administration failures and governing administration regulation and supervision. Further components that could induce precise success to differ materially from those explained in the forward-hunting statements can be observed in the Company’s Annual Report on Type 10-K for the calendar year ended December 31, 2019, as nicely as its other filings with the SEC, which are offered on the SEC’s internet site at www.sec.gov. Other than as demanded by legislation, the Corporation disclaims any obligation to update, revise, or correct any forward-searching statements.
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Contacts
Amy Baker
VP, Company Communications and Internet marketing
MVB Bank
[email protected]
(844) 682-2265