MVB Financial Corp. (Nasdaq: MVBF), the parent company of MVB Bank, has named Jeremy Kuiper EVP, President Fintech.

Kuiper brings 25 years of experience in the payments industry, having held executive and board positions at Pathward and The Bancorp. Kuiper’s role will involve oversight of MVB’s Fintech Banking team, customer and partner implementations, and paperless payments business lines.

MVB CEO Larry F. Mazza expressed enthusiasm for Kuiper’s leadership in driving the success of MVB’s fintech banking business by focusing on deposit and fee growth. Kuiper has also worked at BankFirst, United Credit National Bank and president of the Innovative Payments Association.

Positive

• Jeremy Kuiper’s 25 years of industry experience can provide strong leadership and strategic direction for MVB’s fintech banking initiatives.




• Kuiper’s appointment could improve MVB’s fintech banking business, spurring growth in deposits and fees.




• His extensive payments experience can help strengthen MVB’s sponsorship relationships with merchant acquisition and card issuance.




• Kuiper has a proven track record with significant roles at Pathward and The Bancorp, which could lead to new opportunities and partnerships for MVB.

Negative

• While Kuiper’s experience is vast, any misalignment in his strategic approach with MVB’s core values ​​or vision could pose a challenge.




• The transition period could lead to temporary disruptions in MVB’s fintech banking operations.

06/18/2024 – 08:30

FAIRMONT, Va.–(BUSINESS WIRE)– MVB Financial Corp. (Nasdaq: MVBF) (“MVB”, “MVB Financial” or the “Company”), the parent holding company of MVB Bank (the “Bank”), has Named Jeremy Kuiper EVP, President Fintech. Kuiper brings 25 years of payments industry experience at executive and board levels to MVB.

“Jeremy Kuiper has a proven track record of strong leadership in the payments industry and we are pleased to welcome him to the MVB family as a trusted partner on the financial frontier, committed to the success of our team, customers, communities and shareholders,” he said Larry F. Mazza, CEO of MVB Financial and MVB Bank.

“With Jeremy’s experience, we look forward to expanding our Fintech Banking to even greater success as a key driver of deposits and fee income for MVB Bank.”

At MVB, Kuiper will focus on overseeing MVB’s Fintech Banking team, including account management and customer delivery teams, customer and partner implementations, and partner and network relationships. Additionally he will advance MVB’s card acquisition and issuing sponsorship relationships and cardless payments business lines.

Kuiper has been with Pathward since 2019, serving as Executive Vice President, Business Development. Prior to joining Pathward, he held positions at The Bancorp since 2007, including executive vice president and managing director of The Bancorp’s Payment Solutions business. At Bancorp, Kuiper led all payments activities both domestically and internationally. Additionally, he held senior leadership positions at BankFirst and United Credit National Bank and was president of the Network Branded Prepaid Card Association, now known as the Innovative Payments Association.

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.” 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 on MVB, 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 press release that are intended to be covered by the protections provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations regarding the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information regarding possible or anticipated future results of the 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,” “plan,” “believe,” “estimate,” “expects,” “anticipates.” ”, “intends”, “continues” or the negative of those terms or similar expressions. Please note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause such results to differ materially from those expressed in the forward-looking statements. Therefore, you should not place undue reliance on any forward-looking statement. Such factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; failure to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; failure to successfully execute business plans, including strategies related to investments in financial technology companies; competition; duration 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 lending products and deposit flow; operational risks and risk management failures; and government regulation and oversight. Additional factors that could 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 in its other filings with the SEC, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618333519/en/

AVERAGE

Amy Baker

Vice President, 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 new Fintech president of MVB Financial Corp.?

Jeremy Kuiper has been named EVP, President Fintech at MVB Financial Corp.

What is Jeremy Kuiper’s experience in the payments industry?

Jeremy Kuiper has 25 years of experience in the payments industry, having held key leadership positions at Pathward, The Bancorp, BankFirst and United Credit National Bank.

How could Jeremy Kuiper’s appointment affect MVB Financial Corp (MVBF) stock?

Kuiper’s extensive experience and leadership in the payments industry could drive the growth of MVB’s fintech banking business, potentially having a positive impact on MVBF stock.

What roles will Jeremy Kuiper have at MVB?

Kuiper will oversee MVB’s Fintech Banking team, customer and partner implementations, and paperless payments lines of business.

What previous roles has Jeremy Kuiper held?

Kuiper has served as executive vice president at Pathward, executive vice president and managing director of The Bancorp, and held leadership positions at BankFirst and United Credit National Bank.

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