MVB Financial Corp. extended the expiration date for its rights offering to April 14 from March 31.
The Fairmont, W.Va.-based company, in a Form 8-K filed March 27, said that it offered the extension to give shareholders adequate time to make their investment decision.
Under the offering, the company distributed nontransferable subscription rights to shareholders as of 5 p.m. ET on March 10. The rights can be exercised for up to 434,783 MVB Financial common shares.