MVB Financial Corp. Names Banking Executive Robert J. Bardusch Chief Information Officer
FAIRMONT, W.Va., April 1, 2014 /PRNewswire/ -- MVB Financial Corp. (OTC Markets GroupOTCQB: MVBF) today announced banking executive Robert J. Bardusch has joined the financial holding company as Senior Vice President and Chief Information Officer (CIO).
"We are pleased to have Bob join our team, bringing his depth and breadth of experience and technology industry knowledge to our growing company," said Larry F. Mazza, CEO. "As a comprehensive financial services institution, offering community banking, mortgage lending and insurance services, we must be cognizant of technology and security developments to support the safe and sound infrastructure of our 'growth with quality' initiatives, to allow us to continue to focus on excellent client service."
Bardusch, 48, joins MVB with nearly two decades of technical and financial experience. Most recently, he was Chief Information Officer, Enterprise Technology and Risk Management Technology for PNC Financial Services Group (PNC) in Pittsburgh, Pa. Previously, he held leadership positions with PNC including CIO, Operations and Shared Services, as well as Director of Consumer Lending Technology and Director of Marketing Technology, Corporate Marketing.
"I am excited to be selected for the leadership team at MVB, which has a demonstrated commitment of developing strategies where technology is a core competency and key competitive differentiator," said Bardusch. "I look forward to supporting MVB's strategic direction by providing information technology leadership to support the organization's ongoing operations, commitment to clients, and focus on shareholder value."
Bardusch holds a Master of Science, Management of Information Systems and a Masters of Business Administration from the University of Pittsburgh, Joseph M. Katz Graduate School of Business, and a Bachelor of Science degree in Engineering from The Pennsylvania State University.
About MVB Financial Corp.
MVB Financial Corp. ("MVB" or "MVB Financial"; OTCQB: MVBF) was formed on January 1, 2004 as a bank holding company and, effective December 19, 2012, elected to become a financial holding company. MVB Financial features multiple subsidiaries and affiliated businesses, including MVB Bank, Inc. (MVB Bank), Potomac Mortgage Group, Inc. which does business as MVB Mortgage (MVB Mortgage), and MVB Insurance, LLC (MVB Insurance). The Company's principal executive offices are located at 301 Virginia Avenue, Fairmont, W.Va., 26554-2777, and its telephone number is (304) 363-4800. For additional information regarding MVBF visit ir.mvbbanking.com. The OTCQB is a market tier operated by the OTC Market Group Inc., for over-the-counter traded companies that are current in their reporting with a U.S. regulator.
Forward-Looking Statements
All statements other than statements of historical fact included herein are, or may be deemed to be, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21 E of the Securities Exchange Act of 1934. Such information involves risks and uncertainties that could result in the actual results of MVB Financial Corp. ("MVB Financial" or the "Company") differing from those projected in the forward-looking statements. Important factors that could cause actual results to differ materially from those discussed in such forward-looking statements include, but are not limited to: (i) the Company may incur loan losses due to negative credit quality trends in the future that may lead to deterioration of asset quality; (ii) the Company may incur increased charge-offs in the future; (iii) the Company could have adverse legal actions of a material nature; (iv) the Company may face competitive loss of customers; (v) the Company may be unable to manage its expense levels; (vi) the Company may have difficulty retaining key employees; (vii) changes in the interest rate environment may have results on the Company's operations materially different from those anticipated by the Company's market risk management functions; (viii) changes in general economic conditions and increased competition could adversely affect the Company's operating results; (ix) changes in other regulations and government policies affecting bank holding companies and their subsidiaries including changes in monetary policies may negatively impact the Company's operating results; (x) the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act may adversely affect the Company; (xi) the risk that the benefits from the acquisition of certain assets and assumption of certain liabilities of CFG Community Bank may not be fully realized or may take longer to realize than expected, including as a result of changes in general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement and the degree of competition in the geographic and business areas in which MVB Bank, Inc. ("MVB Bank") and CFG Community Bank operate; (xii) the reaction of the MVB Bank and CFG Community Bank customers, employees and counterparties to the acquisition and integration; (xiii) the integration of the operations of MVB Bank and CFG Community Bank may be more difficult, costly or time-consuming than expected; (xiv) the risk that the new investments to support the growth of MVB Insurance, LLC ("MVB Insurance") may not be fully realized or may take longer than expected due to general economic and market conditions; (xv) diversion of management time on acquisition or diversified growth issues; and, (xvi) other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
SOURCE MVB Financial Corp.
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