MVB Bank


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

MVB Bank is headquartered in FAIRMONT and is the 3rd largest bank in the state of West Virginia. It is also the 400th largest bank in the nation. It was established in 1999 and as of December of 2024, it had grown to 342 employees at 7 locations. MVB Bank has a B 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
Employees342
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD11.21%
Annual Interest Income$186MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$3.09B$3.27B
LoansQ4 2024vs Q4 2023$2.08B$2.3B
DepositsQ4 2024vs Q4 2023$2.71B$2.91B
Equity CapitalQ4 2024vs Q4 2023$320.4MM$319.4MM
Loan Loss AllowanceQ4 2024vs Q4 2023$19.7MM$22.1MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$24.6MM$8.3MM
Real Estate OwnedQ4 2024vs Q4 2023$2.8MM$825K
Rates

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

Locations

Availability



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