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 404th largest bank in the nation. It was established in 1999 and as of June of 2021, it had grown to 359 employees at 16 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
Employees359
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.71%
Return on Equity - YTD16.12%
Annual Interest Income$40.0MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$2.74B$2.21B
LoansQ2 2021vs Q2 2020$1.73B$1.72B
DepositsQ2 2021vs Q2 2020$2.40B$1.87B
Equity CapitalQ2 2021vs Q2 2020$282.4MM$225.3MM
Loan Loss AllowanceQ2 2021vs Q2 2020$24.9MM$17.7MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$21.4MM$18.5MM
Real Estate OwnedQ2 2021vs Q2 2020$4.3MM$8.9MM
Rates

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

Locations

Availability

Clarksburg Area

Interactive local rates map


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