debt
confidence high
sentiment positive
materiality 0.50
MVB Financial redeems all $40M of 4.25% subordinated notes due 2030
MVB FINANCIAL CORP
- Redemption of $40M aggregate principal of 4.25% Fixed-to-Floating Rate Subordinated Notes due 2030.
- Post-redemption rate was 3-month SOFR + 401 bps = 7.67% as of March 2, 2026.
- Funded with $20M revolving line of credit and cash on hand; notes qualified as Tier 2 capital.
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