4/23/21
MVB Bank, Inc., a wholly-owned
subsidiary of MVB Financial Corp. (NASDAQ: MVBF), announced today the signing of a definitive agreement under which
Summit Community Bank, Inc., a subsidiary of
Summit Financial Group, Inc. (NASDAQ: SMMF), will acquire substantially all of MVB Bank’s Southern West Virginia community banking operations, including its full service banking centers located at: 400 Washington Street East, Charleston; 3754 Teays Valley Road, Hurricane; 660 Central Avenue, Barboursville; and 999 4th Avenue, Huntington. In addition, Summit will acquire MVB Bank’s drive-up banking locations at 6441 Farmdale Road, Barboursville, and 940 5th Avenue, Huntington. In conjunction with the transaction, Summit will assume certain deposits and loans whose balances currently approximate $193 million and $57 million, respectively.
MVB Bank to Sell Four Banking Centers to Summit Community Bank
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MVB Bank to Sell Four Banking Centers to Summit Community Bank
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Summit Financial Group, Inc. Announces Q1 Dividend of $0.17 Per Share
Summit Financial Group, Inc.February 25, 2021 GMT
MOOREFIELD, W.Va., Feb. 25, 2021 (GLOBE NEWSWIRE) Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2021 dividend of $0.17 per share payable on March 31, 2021 to common shareholders of record as of the close of business on March 15, 2021.
Summit Financial Group, Inc. is a $3.11 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky, through its bank subsidiary, Summit Community Bank, Inc., which operates forty-three banking locatio