Summit Community Bank Inc. Completes Its Acquisition of Four Southern WV Branch Banking Centers
July 12 2021 - 6:00AM
Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today
reported that its wholly-owned subsidiary, Summit Community Bank,
Inc., has completed its previously announced acquisition of four
full-service branch banking offices and two drive-up banking
locations of MVB Bank, Inc., a wholly-owned subsidiary of MVB
Financial Corp. (NASDAQ: MVBF), consisting of substantially all of
MVB Bank Inc.’s Southern West Virginia community banking
operations. The four full-service banking centers are located at
400 Washington Street East, Charleston; 3754 Teays Valley Road,
Hurricane; 660 Central Avenue, Barboursville; and 999 4th Avenue,
Huntington, and its drive-up banking locations at 6399 Route 60,
Barboursville, and 940 5th Avenue, Huntington.
“We are excited to welcome the clients and
employees of the four former MVB Bank branches to the Summit
Community Bank team,” said Summit’s President and Chief Executive
Officer, H. Charles Maddy, III. “We are very excited by the
prospects for this expansion of our presence in and commitment to
the Southern West Virginia region,” Maddy concluded.
About Summit Financial Group, Inc.
Summit Financial Group, Inc. is a $3.3 billion financial holding
company headquartered in Moorefield, West Virginia. Summit provides
community banking services primarily in the Eastern Panhandle,
Southern and North Central regions of West Virginia and the
Northern, Shenandoah Valley and Southwestern regions of Virginia,
through its bank subsidiary, Summit Community Bank, Inc., which
operates forty-six banking locations.
Contact: |
Robert S. Tissue, Executive Vice President & CFO |
Email: |
(304) 530-0552 |
Telephone: |
rtissue@summitfgi.com |
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