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Published on 3/11/2011 in the Prospect News PIPE Daily.

MVB Financial secures $8.26 million through private placement of stock

Company sells 393,305 common shares at $21.00 apiece in Jan. 31 deal

By Devika Patel

Knoxville, Tenn., March 11 - MVB Financial Corp. completed a private placement of stock, according to an 8-K filed Friday with the Securities and Exchange Commission. The $8.26 million deal settled Jan. 31.

The company sold 393,305 common shares at $21.00 apiece.

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

Issuer:MVB Financial Corp.
Issue:Common stock
Amount:$8,259,405
Shares:393,305
Price:$21.00
Warrants:No
Settlement date:Jan. 31
Stock symbol:Pink Sheets: MVBF

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