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MVB Bank Names Steve Braden as EVP, Chief Retail Banking Officer

May 15, 2018

Steve Braden, MVB Bank, Inc. Executive Vice President, Chief Retail Banking Officer (Photo: Business Wire)

FAIRMONT, W.Va.--(BUSINESS WIRE)--May 15, 2018--MVB Bank, Inc., today announced the appointment of Steve Braden as Executive Vice President, Chief Retail Banking Officer. Braden has more than 27 years of banking leadership experience focused on clients, business line results, operational excellence and commitment to building strong communities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180515006526/en/

Steve Braden, MVB Bank, Inc. Executive Vice President, Chief Retail Banking Officer (Photo: Business Wire)

“We are truly excited to welcome Steve Braden to the MVB family to lead our ongoing efforts for retail banking modernization,” said Larry F. Mazza, President and CEO, MVB Financial Corp. “Steve brings with him a wealth of experience in retail banking, including providing strategic direction for new community banks in China.”

In his new role with MVB, Braden will provide high level leadership, oversight and guidance in all areas of retail banking, including small business and consumer lending. His responsibilities include developing and managing the retail banking budget, ensuring the ongoing development and consistent implementation of MVB’s retail banking strategy to provide outstanding banking products and services to every client and business that MVB serves.

“I am thrilled to join the MVB Bank family and be part of an organization with a strong company culture, exceptional leadership and solid core values,” Braden said. “Additionally, I look forward to contributing to the continued success that MVB Bank has enjoyed and to build a world-class retail banking organization.”

Braden joins MVB from Heartland Financial USA, Inc. in Dubuque, Iowa, where he has served for almost two years as Executive Vice President, Head of Retail Banking. Prior to this, Braden spent three years as Executive Director Community Banking & Senior Consultant for Strategic Direction with Ningbo Donghai Bank in Zhejiang Province, Ningbo, China. In this position, he led the full development of the new community bank division from design and site selection to final construction. As part of his leadership, he established service quality standards, recruited team members, deployed the latest banking technology and built a strong brand through new marketing and promotions such as unique branch events. His contributions also included attention to team building, education and recognition programs.

Braden’s distinguished career in the banking industry began with assistant branch manager, branch manager and district sales manager posts in Colorado. From there, Braden moved to the Pacific Northwest where he served as Senior Vice President, District Manager, for US Bank in Eugene, Ore., and next in Seattle. In 2003, he joined Umpqua Bank in Oregon as Senior Vice President, Region Manager, where he was responsible for the overall market share growth for the Southern Oregon and Northern California markets. In 2010, he became Executive Vice President, Regional Executive, for Umpqua in Portland as the leader of the greater Portland, Willamette Valley, Vancouver and Bend markets. In that role, he implemented innovative revenue strategies, expense savings and a more effective sale strategy culture to become the leader of Umpqua’s top performing region.

Braden served as keynote speaker for China Grand Enterprises Branding Conference in 2014 and two years as guest lecturer for the University of Nottingham’s School of Business. He received the Camellia Award presented by the Ningbo Municipal Government’s Foreign Affairs Office in recognition of individuals who contributed to the economic and social development of the city promoting communication and cooperation. He also received the Outstanding Foreign Expert award presented by Ningbo Municipal Government’s Foreign Affairs Office. Throughout his career, Braden has been active in local community service.

MVB Bank, Inc., is a strong community bank with more than $1.5 billion in total assets headquartered in Fairmont, W.Va. The MVB Bank footprint now encompasses 14 total locations - 12 in West Virginia and two in Northern Virginia. For more information about MVB, please visit www.mvbbanking.com.

About MVB Financial Corp.

MVB Financial Corp. (“MVB Financial” or “MVB”), the holding company of MVB Bank, is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.”

MVB is a financial holding company headquartered in Fairmont, W.Va. Through its subsidiary, MVB Bank, Inc., and the bank’s subsidiary, MVB Mortgage, the company provides financial services to individuals and corporate clients in the Mid-Atlantic region.

Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services.

For more information about MVB, please visit ir.mvbbanking.com.

Forward-looking Statements

MVB Financial Corp. has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended , in this Press Release. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations of the Company and its subsidiaries. When words such as “believes,” “expects,” “anticipates,” “may,” or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include, but are not limited to: credit risk, changes in market interest rates, inability to achieve merger-related synergies, competition, economic downturn or recession, and government regulation and supervision. Additional factors that may cause our actual results to differ materially from those described in our forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, as well as its other filings with the SEC, which are available on the SEC website at www.sec.gov. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180515006526/en/

CONTACT: MVB Bank, Inc.

Amy Baker, 844-682-2265

VP, Corporate Communications

abaker@mvbbanking.com

KEYWORD: UNITED STATES NORTH AMERICA WEST VIRGINIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING

SOURCE: MVB Bank, Inc.

Copyright Business Wire 2018.

PUB: 05/15/2018 02:46 PM/DISC: 05/15/2018 02:46 PM

http://www.businesswire.com/news/home/20180515006526/en

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