MVB Bank


Overview / Commentary
844-682-2265
301 Virginia Avenue
Fairmont, WV 26554

MVB Bank is headquartered in Fairmont and is the 4th largest bank in the state of West Virginia. It is also the 436th largest bank in the nation. It was established in 1999 and as of December of 2020, it had grown to 287 employees at 14 locations. MVB Bank has an A health rating.

Reviews (1)

Nightmare

Posted by: |

I definitely wish I would have chosen a different bank. Since I opened my account 10/2019 it has been nothing but, a nightmare. I will not be recommending this bank to anyone. Welcome to the clown house were they think life is all fun and games. No my account is not overdrawn I have overdrawn one time due to the fact there was 2 transactions for the same amount that apparently can not be stopped so 2 transactions for the same purchase went through.



Health

Health Grade Components

Overall
FDIC Certificate #34603
Year Established1999
Employees287
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.11%
Return on Equity - YTD19.88%
Annual Interest Income$81.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$2.33B$1.94B
LoansQ4 2020vs Q4 2019$1.43B$1.52B
DepositsQ4 2020vs Q4 2019$2.00B$1.45B
Equity CapitalQ4 2020vs Q4 2019$265.7MM$211.1MM
Loan Loss AllowanceQ4 2020vs Q4 2019$25.8MM$11.8MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$20.5MM$5.1MM
Real Estate OwnedQ4 2020vs Q4 2019$5.7MM$1.4MM
Rates

Sorry, we do not have rate data for MVB Bank.

Locations

Availability



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