The company will pay $122 million for six branches and nearly $1 billion in assets.
While digital channels are becoming more popular, many banks remain committed to highway advertising.
Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020.
Craig Howie, who joined the bank after a merger, will succeed the retiring Jon Evans on Jan. 1.
The company will enter three counties in its home state after it buys Roselle.
The company agreed to pay $41 million for Victory Community Bank.
The company also disposed of a large agricultural loan that was nonperforming.
The move will allow MVB to devote more resources to Northern Virginia and its fintech business.
The company will pay nearly $33 million for Tomah Bancshares to boost its operations in Wisconsin's Monroe County.
A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.