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Exclusive: MVB’s Journey to Create More Shareholder Liquidity
Kiah Lau Haslett, managing editor for Bank Director
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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Kiah Lau Haslett is the Managing Editor of Bank Director. Kiah is responsible for editing web content and works with other members of the editorial team to produce articles featured online and published in the magazine. Her areas of focus include bank accounting policy, operations, strategy, and trends in mergers and acquisitions.