News Topic: West Virginia
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West Virginia bank buys fraud prevention firm
MVB Financial plans to use Paladin Group to advise its bank and a number of its fintech clients. ... Read full article
Bank in West Virginia is closed by regulators
First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years. ... Read full article
Bank in West Virginia is closed by regulators
First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years. ... Read full article
West Virginia bank is first to fail since onset of coronavirus
First State Bank, which the FDIC sold to MVB Financial, had struggled with profitability and capital levels for several years. ... Read full article
MVB Financial, Intercoastal to form mortgage joint venture
MVB in West Virginia will gain a 47% stake in the partnership in exchange for contributing its mortgage unit's assets to the new company. ... Read full article
MVB to sell four branches in eastern West Virginia to Summit
The move will allow MVB to devote more resources to Northern Virginia and its fintech business. ... Read full article
It's a seller's market in the Carolinas
United Bankshares in West Virginia was willing to pay a healthy premium for Carolina Financial, one of a dwindling number of available banks with more than $4 billion in assets. ... Read full article
United in W.Va. to make big Carolinas push with latest bank deal
The company will pay $1.1 billion for Carolina Financial in Charleston, S.C., in a deal that will add nearly $5 billion in assets. ... Read full article
Summit Financial returns to M&A to build scale in West Virginia
The company will pay $29 million for Cornerstone Financial Services. ... Read full article
MVB Financial buys fintech consulting firm
The West Virginia company, which invests heavily in fintech firms, bought Chartwell Compliance in Maryland. ... Read full article
WesBanco joins parade of W.Va. banks into D.C. area
A company that operates mostly in rural markets is finally making a push into the thriving mid-Atlantic markets of Washington and Baltimore with its deal for Old Line Bancshares. ... Read full article
Old Line in Maryland to sell to WesBanco for $500 million
WesBanco, which is based in West Virginia, will have more than $15 billion in assets when it completes the acquisition. ... Read full article
Premier to enter new Ky. market with latest bank acquisition
The West Virginia company will pay $15 million in cash for First National Bank of Jackson. ... Read full article
Summit Financial in W.Va. sells insurance business
The company will record a $2.1 million pretax gain in the second quarter after selling Summit Insurance Services to the Hilb Group. ... Read full article
MVB in W.Va. to report big gain from its fintech portfolio
The company, which has invested $3 million in fintech in recent years, said the value of the portfolio is nearing $14 million. ... Read full article
Community Banker of the Year: City Holding's Skip Hageboeck
A meticulous approach to expansion, along with an ability to produce solid results while based in a slow-growth state, explains why Hageboeck is a Best in Banking honoree. ... Read full article
Summit in W.Va. to buy neighboring Peoples Bankshares
The $26 million acquisition will allow Summit to enter two new counties in its home state. ... Read full article
City Holding agrees to buy pair of Kentucky banks
The West Virginia company will pay a total of $118 million for Poage Bankshares and Farmers Deposit Bancorp. ... Read full article
United in W.Va. taps director to become next bank president
Michael Fitzgerald, who was selected to lead United Bank, was CEO of Bank of Georgetown for 11 years before it was sold to United. ... Read full article
