Overview / Commentary
MVB Bank is headquartered in Fairmont and is the 4th largest bank in the state of West Virginia. It is also the 518th largest bank in the nation. It was established in 1999 and as of March of 2018, it had grown to 351 employees at 13 locations. MVB Bank's money market rates are 4X the national average, and it has an A health rating.
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Health
A
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34603 |
| Year Established | 1999 |
| Employees | 351 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.96% |
| Return on Equity - YTD | 8.47% |
| Annual Interest Income | $15.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.58B$1.43B |
| Loans | Q1 2018vs Q1 2017 | $1.20B$1.14B |
| Deposits | Q1 2018vs Q1 2017 | $1.16B$1.14B |
| Equity Capital | Q1 2018vs Q1 2017 | $175.4MM$165.7MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $10.1MM$9.4MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $9.1MM$6.5MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $1.9MM$414.00K |
User-submitted Promotions & Notices
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Premier MMA, 1.76% APY
MVB Bank has a new 1.76% APY promotion rate on its Premier MMA. Available online in Maryland, North Carolina, Pennsylvania, South Carolina, Virginia, West Virginia, and the District of Columbia.
Minimum balance to open account is $25,000 in non-MVB funds.
Non-MVB funds include any funds not currently in an MVB Bank account.
A monthly service charge of $15.00 will be imposed every statement cycle if the daily balance on any day of the month falls below $10,000.00.
https://www.mvbbanking.com/personal-banking/savings/money-market-accounts
Minimum balance to open account is $25,000 in non-MVB funds.
Non-MVB funds include any funds not currently in an MVB Bank account.
A monthly service charge of $15.00 will be imposed every statement cycle if the daily balance on any day of the month falls below $10,000.00.
https://www.mvbbanking.com/personal-banking/savings/money-market-accounts
Rates
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Always verify rates and promotions with the bank or credit union. We are not MVB Bank; we are a rate comparison website and cannot provide official rates or promotions.
MVB Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.76% | - | - | Premier Money Market Promo - New Money |
MVB Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.20% | $1k | $95k | 18 Month CD Special | |
| 2.00% | $1k | $95k | 13 Month CD Special |
