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MVB Financial Corp. Names Vic Maculaitis as Director

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MVB Financial Corp. (Nasdaq: MVBF) has appointed Vic Maculaitis to its Board of Directors. Maculaitis brings over 20 years of professional experience as an industry leader in Financial Crime Risk and Compliance. He is the Founder and Managing Partner of i3strategies®️, a market research and strategy consultancy serving global clients.

Maculaitis's career trajectory includes serving as a BSA/AML Officer at a $20 billion Chicago-based bank holding company at age 28, followed by management roles at Zions Bancorporation, First Republic Bank, and Banc of California. His educational background includes Executive Education in Corporate Governance from Harvard Business School, alumni status at UCLA Anderson's School of Management, and undergraduate degrees from Walsh University and The University of Akron.

MVB Financial Corp. (Nasdaq: MVBF) ha nominato Vic Maculaitis nel suo Consiglio di Amministrazione. Maculaitis porta con sé oltre 20 anni di esperienza professionale come leader nel settore del Rischio di Crimine Finanziario e Conformità. È il Fondatore e Partner Direttore di i3strategies®️, una società di consulenza in ricerca di mercato e strategia che serve clienti a livello globale.

La carriera di Maculaitis include un ruolo come Ufficiale BSA/AML in una holding bancaria di Chicago da 20 miliardi di dollari all'età di 28 anni, seguito da ruoli dirigenziali presso Zions Bancorporation, First Republic Bank e Banc of California. Il suo percorso educativo comprende un'istruzione esecutiva in Governance Aziendale presso la Harvard Business School, lo status di alumni presso la UCLA Anderson School of Management e lauree triennali presso la Walsh University e l'Università di Akron.

MVB Financial Corp. (Nasdaq: MVBF) ha nombrado a Vic Maculaitis en su Junta Directiva. Maculaitis aporta más de 20 años de experiencia profesional como líder en Riesgo de Crimen Financiero y Cumplimiento. Es el Fundador y Socio Director de i3strategies®️, una consultoría de investigación de mercado y estrategia que atiende a clientes globales.

La trayectoria profesional de Maculaitis incluye haber sido Oficial BSA/AML en una compañía de tenencia bancaria de Chicago de 20 mil millones de dólares a los 28 años, seguido de roles de gestión en Zions Bancorporation, First Republic Bank y Banc of California. Su formación educativa incluye Educación Ejecutiva en Gobernanza Corporativa en Harvard Business School, el estatus de exalumno en la UCLA Anderson School of Management y títulos de pregrado de Walsh University y la Universidad de Akron.

MVB Financial Corp. (Nasdaq: MVBF)는 Vic Maculaitis를 이사회에 임명했습니다. Maculaitis는 금융 범죄 위험 및 준수 분야의 산업 리더로서 20년 이상의 전문 경력을 가지고 있습니다. 그는 글로벌 고객을 대상으로 하는 시장 조사 및 전략 컨설팅 회사인 i3strategies®️의 창립자이자 관리 파트너입니다.

Maculaitis의 경력 경로에는 28세에 200억 달러 규모의 시카고 기반 은행 지주회사에서 BSA/AML 책임자로 근무한 후 Zions Bancorporation, First Republic Bank 및 Banc of California에서 관리 역할을 맡은 것이 포함됩니다. 그의 교육 배경에는 Harvard Business School에서의 기업 거버넌스에 대한 경영 교육, UCLA Anderson School of Management의 동문 자격, Walsh University 및 Akron 대학교에서의 학부 학위가 포함됩니다.

MVB Financial Corp. (Nasdaq: MVBF) a nommé Vic Maculaitis à son Conseil d'Administration. Maculaitis apporte plus de 20 ans d'expérience professionnelle en tant que leader dans le domaine du Risque de Crime Financier et de Conformité. Il est le Fondateur et Associé Gérant d'i3strategies®️, un cabinet de conseil en recherche de marché et en stratégie qui sert des clients à l'échelle mondiale.

Le parcours de Maculaitis comprend un poste d'Officier BSA/AML dans une société de holding bancaire de Chicago de 20 milliards de dollars à l'âge de 28 ans, suivi de rôles de direction chez Zions Bancorporation, First Republic Bank et Banc of California. Son parcours éducatif inclut une formation exécutive en Gouvernance d'Entreprise à la Harvard Business School, le statut d'ancien élève à la UCLA Anderson School of Management, ainsi que des diplômes de premier cycle de la Walsh University et de l'Université d'Akron.

MVB Financial Corp. (Nasdaq: MVBF) hat Vic Maculaitis in seinen Vorstand berufen. Maculaitis bringt über 20 Jahre Berufserfahrung als Branchenführer im Bereich Finanzkriminalitätsrisiko und Compliance mit. Er ist der Gründer und geschäftsführende Partner von i3strategies®️, einer Markt- und Strategieberatungsfirma, die globale Kunden bedient.

Maculaitis' Karriereweg umfasst die Tätigkeit als BSA/AML-Beauftragter in einem 20-Milliarden-Dollar-Bankholding-Unternehmen in Chicago im Alter von 28 Jahren, gefolgt von Managementpositionen bei Zions Bancorporation, First Republic Bank und Banc of California. Sein Bildungshintergrund umfasst eine Executive Education in Unternehmensführung an der Harvard Business School, den Alumni-Status an der UCLA Anderson School of Management und Bachelorabschlüsse von der Walsh University und der University of Akron.

Positive
  • Board strengthened with expertise in Financial Crime Risk and Compliance
  • Addition of experienced financial industry executive with entrepreneurial background
Negative
  • None.

FAIRMONT, W.Va.--(BUSINESS WIRE)-- The Board of Directors of MVB Financial Corp. (“MVBF” or “MVB Financial”) (Nasdaq: MVBF) has announced the appointment of Vic Maculaitis as a Member of the Board.

“With more than 20 years of professional experience as an industry leader, entrepreneur and business operator with niche experience in the Financial Crime Risk and Compliance industry, Vic’s expertise will be an asset to the Board as MVB continues to execute our strategic plan,” said W. Marston “Marty” Becker, Chairman, MVBF Board of Directors.

Maculaitis is the Founder and Managing Partner of i3strategies®️, a leading market research and strategy consultant with global clients across private equity/venture capital, professional services/tech and finance.

Maculaitis’s career began with the U.S. Government in 2002. Upon moving to the private sector, Maculaitis, at 28, was recruited into his first board-appointed BSA/AML Officer role at a $20 billion bank holding company in Chicago. He subsequently held management roles at Zions Bancorporation, First Republic Bank and Banc of California.

Over the last decade, Maculaitis has founded and built successful services and technology businesses focused on modernizing the Financial Crime Risk and Compliance space.

Maculaitis has completed Executive Education in Corporate Governance from Harvard Business School, is an alumnus of UCLA Anderson’s School of Management and holds undergraduate degrees from Walsh University and The University of Akron.

About MVB Financial Corp.

MVB Financial Corp., the holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker “MVBF.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its subsidiary, MVB Bank, Inc., and the Bank’s subsidiaries, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. For more information about MVB, please visit http://ir.mvbbanking.com.

Forward-Looking Statements

MVB Financial Corp. has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this earnings release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of operations of the Company and its subsidiaries. Forward-looking statements can be identified by the use of words such as “may,” “could,” “should,” “would,” “will,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues,” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity, and credit risk; changes in market interest rates; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in financial technology companies; competition; length and severity of the COVID-19 pandemic and its impact on the Company’s business and financial condition; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as well as its other filings with the SEC, which are available on the SEC’s website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise, or correct any forward-looking statements.

MEDIA CONTACT

Amy Baker

VP, Corporate Communications and Marketing

MVB Bank

abaker@mvbbanking.com

(844) 682-2265

INVESTOR RELATIONS

Marcie Lipscomb

mlipscomb@mvbbanking.com

(844) 682-2265

Source: MVB Financial Corp.

FAQ

Who is the newest board member appointed to MVB Financial Corp. (MVBF)?

Vic Maculaitis, Founder and Managing Partner of i3strategies, was appointed as the newest member of MVB Financial Corp.'s Board of Directors.

What is Vic Maculaitis's expertise that benefits MVBF's board?

Maculaitis brings over 20 years of experience in Financial Crime Risk and Compliance, along with expertise as an entrepreneur and business operator.

What significant banking experience does MVBF's new director have?

He served as BSA/AML Officer at a $20 billion bank in Chicago and held management roles at Zions Bancorporation, First Republic Bank, and Banc of California.

What is the educational background of MVBF's new board member?

He completed Executive Education in Corporate Governance from Harvard Business School, attended UCLA Anderson's School of Management, and holds degrees from Walsh University and The University of Akron.

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