XML 17 R1.htm IDEA: XBRL DOCUMENT v3.22.2.2
Document and Entity Information
Oct. 01, 2022
Cover [Abstract]  
Entity Registrant Name MVB FINANCIAL CORP
Amendment Flag true
Entity Central Index Key 0001277902
Document Type 8-K/A
Document Period End Date Oct. 01, 2022
Entity Incorporation State Country Code WV
Entity File Number 001-38314
Entity Tax Identification Number 20-0034461
Entity Address, Address Line One 301 Virginia Avenue
Entity Address, City or Town Fairmont
Entity Address, State or Province WV
Entity Address, Postal Zip Code 26554-2777
City Area Code (304)
Local Phone Number 363-4800
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, $1.00 par value
Trading Symbol MVBF
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Amendment Description Effective as of October 1, 2022 (the “Closing Date”), MVB Bank, Inc. (the “Bank”) the wholly-owned subsidiary of MVB Financial Corp. (“MVB”), completed the purchase of 3,748,392.93 Class B Common Units (the “MVB Investment”) of Warp Speed Holdings LLC, (“Warp Speed”), pursuant to the terms of the Equity Purchase Agreement between the Bank and Warp Speed dated March 13, 2022, as thereby assigned by the Bank to MVB effective as of April 28, 2022 (as assigned, the “Purchase Agreement”). Immediately prior to the closing of the MVB Investment, the pre-closing members of Warp Speed contributed to Warp Speed all of their equity interests in certain entities under common control of the sellers specified in the Purchase Agreement, in exchange for equity interests in Warp Speed (the “Put-Together Transaction”). As of the Closing Date, Warp Speed serves as a holding company for the entities contributed in the Put-Together Transaction. On October 3, 2022, MVB filed a Current Report on Form 8-K to report the closing of the MVB Investment. In that filing MVB reported that it would amend the Form 8-K at a later date to provide certain financial information required by Item 9.01 of Form 8-K. This amendment is being filed to provide the financial information required by Item 9.01.