Issues : Growth
Exclusive: MVB’s Journey to Create More Shareholder Liquidity
As banks grow, it’s critical that boards take the time to examine and expand their shareholder base. Executives at Fairmont, West Virginia-based MVB Financial Corp. had a goal in mind for their shareholders: A listing on the Russell 2000 Index, which measures the performance of roughly 2,000 small-cap companies. The Russell is an important index that serves as a benchmark for U.S. small-cap stocks, and led the $2 billion asset bank on a decade-long journey preparing for the big stage that included an offering and Nasdaq listing. The listing had a dramatic impact on MVB’s shareholder base, which is now...
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