secwatch.observer — SEC 8-K summary
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Issuer:     MVB FINANCIAL CORP (MVBF)
CIK:        0001277902
Form:       8-K
Filed at:   2026-02-26T23:59:59+00:00
Accession:  0001277902-26-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MVB Financial enters $20M senior revolving credit facility with Raymond James Bank
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- Credit line of $20M, SOFR + 2.75% (current rate 6.43%), matures Feb 2029.
- Proceeds for general corporate purposes and to repay existing subordinated debt.
- Secured by pledge of equity interests in certain subsidiaries.
- Covenants include bank well-capitalized status, Total Risk-Based Capital ≥11.50%, and Fixed Charge Coverage ≥2.00x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1277902/000127790226000025/0001277902-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1277902/000127790226000025/mvbf-20260224.htm
  HTML page:      https://secwatch.observer/filing/0001277902-26-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer