Fortune and Great Place to Work® Name MVB Bank to Two Best Workplaces Lists

MVB Recognized as One of the 2023 Best Medium Workplaces™ and 2023 Best Workplaces in Financial Services & Insurance™

Great Place to Work^® and Fortune magazine have honored MVB Bank, Inc. (“MVB Bank”) as one of the 2023 Best Medium Workplaces and 2023 Best Workplaces in Financial Services & Insurance. Earning this recognition means that MVB ranks among the best companies to work for in the country.

To determine the Best Medium Workplaces list, Great Place to Work^® analyzed the survey responses of over 200,000 employees from Great Place to Work-Certified™ companies with 100 to 999 U.S. employees. In that survey, 94% of MVB’s Team Members said MVB is a great place to work – compared to 57% of employees at a typical U.S.-based company. MVB ranked number 67 on the list of Best Medium Workplaces.

The Best Workplaces in Financial Services & Insurance list is based on analysis of survey responses from more than 176,000 employees from Great Place to Work-Certified™ companies in the financial services and insurance industry. MVB ranked number 9 on the list of 50 Best Small and Medium Workplaces in Financial Services & Insurance.

“At MVB, our culture is part of our corporate DNA, defining the environment in which our Team Members thrive,” said Larry F. Mazza, CEO, MVB Financial. “We are trusted partners on the financial frontier, committed to the success of our Teammates, clients, shareholders and communities. I am grateful to Team MVB for what each Team Member achieves every day while living our values. We think bigger, and we do bigger.”

Inclusion on the Best Workplaces lists is highly competitive. Great Place to Work^® is the only company culture award in America that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience that cuts across race, gender, age, disability status or any aspect of who employees are or what their role is.

“It’s not the size of an organization that makes it great, but how the organization treats its people. And these medium workplaces have proven that the inspiring cultures they’ve created go head-to-head with those of any large corporation. Leaders at these companies put their people first, and in return, achieve stronger business results than the average workplace,” says Michael C. Bush, CEO of Great Place to Work^®.

“These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost. Congratulations to the Best Workplaces in Financial Services & Insurance.”

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.” Nasdaq is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. 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 about MVB, please visit http://ir.mvbbanking.com.

About the Best Medium Workplaces™

Great Place to Work selected the Best Medium Workplaces by analyzing the survey responses of over 200,000 employees from Great Place to Work-Certified™ companies with 100 to 999 U.S. employees. Company rankings are derived from 60 employee experience questions within the Great Place to Work Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. For more information, visit https://fortune.com/ranking/best-medium-workplaces/.

About the Best Workplaces in Financial Services & Insurance™

Great Place to Work® selected the Best Workplaces for Financial Services & Insurance™ by gathering and analyzing confidential survey responses from more than 176,000 employees from Great Place to Work-Certified™ companies in the financial services and insurance industry. Company rankings are derived from 75 employee experience questions within the Great Place to Work® Trust Index™ survey. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America’s largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. For more information, visit https://fortune.com/ranking/best-small-workplaces-financial-services-insurance/2023/.

About Great Place to Work®

Great Place to Work is the global authority on workplace culture. Since 1992, it has surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Its employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything it does is driven by the mission to build a better world by helping every organization become a great place to work For All™. Learn more at https://www.greatplacetowork.com/.

Forward-looking Statements

MVB Financial 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 under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and are subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning possible or assumed future results of 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,” “plans,” “believes,” “estimates,” “expects,” “anticipates,” “intends,” “continues” or the negative of those terms or similar expressions. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity and credit risk; changes in market interest rates; impacts related to or resulting from recent bank failures and volatility; inability to achieve anticipated synergies and successfully integrate recent mergers and acquisitions; inability to successfully execute business plans, including strategies related to investments in Fintech companies; competition; the pace of recovery following the continued effects 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 loan products and deposit flow; operational risks and risk management failures; and government regulation and supervision. Additional factors that may 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, 2022, as well as its other filings with the Securities and Exchange Commission (“SEC”), which are 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.

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