Document and Entity Information
Document and Entity Information | Oct. 01, 2022 |
Cover [Abstract] | |
Entity Registrant Name | MVB FINANCIAL CORP |
Amendment Flag | true |
Entity Central Index Key | 0001277902 |
Document Type | 8-K/A |
Document Period End Date | Oct. 01, 2022 |
Entity Incorporation State Country Code | WV |
Entity File Number | 001-38314 |
Entity Tax Identification Number | 20-0034461 |
Entity Address, Address Line One | 301 Virginia Avenue |
Entity Address, City or Town | Fairmont |
Entity Address, State or Province | WV |
Entity Address, Postal Zip Code | 26554-2777 |
City Area Code | (304) |
Local Phone Number | 363-4800 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $1.00 par value |
Trading Symbol | MVBF |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
Amendment Description | Effective as of October 1, 2022 (the “Closing Date”), MVB Bank, Inc. (the “Bank”) the wholly-owned subsidiary of MVB Financial Corp. (“MVB”), completed the purchase of 3,748,392.93 Class B Common Units (the “MVB Investment”) of Warp Speed Holdings LLC, (“Warp Speed”), pursuant to the terms of the Equity Purchase Agreement between the Bank and Warp Speed dated March 13, 2022, as thereby assigned by the Bank to MVB effective as of April 28, 2022 (as assigned, the “Purchase Agreement”). Immediately prior to the closing of the MVB Investment, the pre-closing members of Warp Speed contributed to Warp Speed all of their equity interests in certain entities under common control of the sellers specified in the Purchase Agreement, in exchange for equity interests in Warp Speed (the “Put-Together Transaction”). As of the Closing Date, Warp Speed serves as a holding company for the entities contributed in the Put-Together Transaction. On October 3, 2022, MVB filed a Current Report on Form 8-K to report the closing of the MVB Investment. In that filing MVB reported that it would amend the Form 8-K at a later date to provide certain financial information required by Item 9.01 of Form 8-K. This amendment is being filed to provide the financial information required by Item 9.01. |