MVB Financial to redeem series B, series C convertible preferreds

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – MVB Financial Corp. issued redemption notices on Monday for all of the company’s convertible noncumulative perpetual preferred stock, series B and C, according to an 8-K filed with the Securities and Exchange Commission.

The securities will be redeemed on Jan. 28 at $10,000 per share plus unpaid dividends of $46.03 per share for the series B shares and $49.86 for the series C shares.

The regular quarterly dividends will be paid separately on Dec. 31.

Based in Fairmont, Va., MVB is a bank holding company.

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