Friday, February 18, 2022

Fintech-focused MVB to unveil new three-year plan

MVB Financial in Fairmont, W.Va., is set to discuss its next three-year plan. 

The $2.8 billion-asset company said in a press release that the plan, called MVB F1, will debut at an investor day in Las Vegas set to take place on March 14-15. 

The fintech-focused MVB recently completed its last three-year plan. Its 2021 earnings rose 4.6% from a year earlier, to $39 million. 

MVB in August said it would increase its stake in Interchecks Technologies, a payment disbursement platform. Interchecks focuses on the gaming industry segments of online sports betting, daily fantasy sports and iGaming. 

In September, MVB announced a partnership to let its fintech clients offer Bitcoin-related products. The collaboration with Victor Technologies and NYDIG, will integrate Bitcoin into MVB’s Banking-as-a-Service (BaaS) offerings.

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