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 411th largest bank in the nation. It was established in 1999 and as of March of 2021, it had grown to 314 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
Employees314
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.7%
Return on Equity - YTD15.76%
Annual Interest Income$19.1MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$2.64B$2.09B
LoansQ1 2021vs Q1 2020$1.67B$1.61B
DepositsQ1 2021vs Q1 2020$2.22B$1.79B
Equity CapitalQ1 2021vs Q1 2020$271.1MM$209.5MM
Loan Loss AllowanceQ1 2021vs Q1 2020$26.2MM$11.2MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$17.2MM$5.9MM
Real Estate OwnedQ1 2021vs Q1 2020$5.2MM$1.2MM
Rates

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

Locations

Availability

Washington Area

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