Brief: Mvb Financial Corp. Announces Second Quarter 2023 Results

MVB Financial

27/07/2023 23:28

July 27 (Reuters) - MVB Financial Corp  MVBF.O :
    * MVB FINANCIAL CORP. ANNOUNCES SECOND QUARTER 2023 RESULTS
    * MVB FINANCIAL - IN MAY 2023, MVB ENTERED INTO AGREEMENT
WITH
FLEXIA, TO FACILITATE DIVESTITURE OF MVB'S INTERESTS IN ONGOING
BUSINESS OF FLEXIA
    * MVB FINANCIAL CORP - AS A RESULT OF DIVESTITURE, MVB
INCURRED A
LOSS OF $1.1 MILLION DURING QUARTER ENDED JUNE 30, 2023
    * MVB FINANCIAL CORP - QTRLY TOTAL DEPOSITS DECLINED 6.1%,
OR
$191.9 MILLION, TO $2.96 BILLION, COMPARED TO PRIOR QUARTER-END

Source text for Eikon:  ID:nBw576263a 
Further company coverage:  MVBF.O 

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