trending Market Intelligence /marketintelligence/en/news-insights/trending/u_kpWUxApgr9x5qq9Z75Ew2 content esgSubNav
In This List

MVB Financial board approves stock buyback program

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on LGD

BLOG

Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level

Blog

Financial Institutions Factor Transition Risk into Climate-Related Stress Testing


MVB Financial board approves stock buyback program

MVB Financial Corp.'s board approved a stock repurchase program, under which the company may buy back up to $5 million of its outstanding common shares over the next 12 months or until the purchase is fully absorbed, whichever date comes first.

Shares may be repurchased on the open market or in privately negotiated transactions.

The Fairmont, W.Va.-based company has about 11.8 million shares of common stock issued and 11.7 million shares of common stock outstanding. The shares authorized for repurchase under the program represent about 2.6% of the company's issued shares and 2.7% of its outstanding shares of common stock, according to a news release.