Overview / Commentary
MVB Bank is headquartered in FAIRMONT and is the 3rd largest bank in the state of West Virginia. It is also the 377th largest bank in the nation. It was established in 1999 and as of June of 2024, it had grown to 353 employees at 7 locations. MVB Bank has a B+ health rating.
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Reviews (1)
Nightmare
Posted by: lisak2020 | Feb 2, 2021
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
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34603 |
| Year Established | 1999 |
| Employees | 353 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.01% |
| Return on Equity - YTD | 10.64% |
| Annual Interest Income | $96.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $3.25B$3.32B |
| Loans | Q2 2024vs Q2 2023 | $2.18B$2.29B |
| Deposits | Q2 2024vs Q2 2023 | $2.89B$2.97B |
| Equity Capital | Q2 2024vs Q2 2023 | $317MM$303.4MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $22.1MM$30.3MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $23.1MM$13.6MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $825K$947K |
