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2025-01-14 Source: Dazhong
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FAIRMONT, W.Va.--(BUSINESS WIRE)--Nov 21, 2024-- MVB Financial Corp. (NASDAQ: MVBF) (“MVB Financial,” “MVB,” or the “Company”) has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of December 1, 2024, payable on December 15, 2024. This is the fourth quarterly dividend for 2024. “We are pleased to continue to add value for our shareholders and encouraged by the adaptability of Team MVB and the resilience of our business model,” said Larry F. Mazza, Chief Executive Officer, MVB Financial. “MVB’s foundational strength remains intact, evidenced by stable asset quality, an enhanced capital base and growth in tangible book value per share. We are increasingly well-positioned for future growth and improved profitability.” 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 banking services to Fintech clients throughout the United States. For more information about MVB, please visit http://ir.mvbbanking.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. View source version on businesswire.com : https://www.businesswire.com/news/home/20241121464014/en/ CONTACT: MEDIA CONTACT Amy Baker VP, Corporate Communications and Marketing MVB Bank abaker@mvbbanking.com (844) 682-2265INVESTOR RELATIONS Marcie Lipscomb mlipscomb@mvbbanking.com (844) 682-2265 KEYWORD: WEST VIRGINIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: MVB Financial Corp. Copyright Business Wire 2024. PUB: 11/21/2024 04:30 PM/DISC: 11/21/2024 04:30 PM http://www.businesswire.com/news/home/20241121464014/enMore than 72 million people are expected to shop during Cyber Monday, according to the National Retail Federation . The end-of-year shopping surge provides a major boost for retailers. "The last six weeks of the year makes a big difference," said Brian Miller, owner of Geppetto's Toys in San Diego. "It can make or break your year as a retailer." Retailers already got a major bump from Black Friday spending. Consumers spent a record $10.8 billion online on Friday, according to Adobe Analytics . That's up more than 10% from last year. "It's not only bonanza for the shoppers, but it's bonanza for the stores," said Professor Alan Gin of the University of San Diego's Knauss School of Business. "People have just gotten a misconception of what was happening. Yes, prices are up, but in this recent time period here, what we've seen is that wages have risen faster than prices have increased. So, people's real incomes have gone up." Last month, consumer confidence hit its highest level in more than a year, according to the Conference Board, a nonprofit that tracks business and consumer sentiment. RELATED STORY | 'Essentially, I just gifted a scammer $100': Gift card draining costing shoppers and retailers Americans are paying with plastic for a lot of their shopping. According to a survey from the National Retail Federation, 39% of shoppers said they plan to use credit cards for their holiday spending. More than one in four shoppers say they plan to take on some debt during the holidays — either by carrying a credit card balance or using a buy now, pay later service, according to Bankrate . American credit card debt hit a record $1.17 trillion in the third quarter of this year. Experts say setting a budget and sticking to it can help people from overspending and taking on debt during the holidays.

Pezeshkian made the remarks in a televised interview on Monday evening while elaborating on activities and policies of the 14th government in its 100 days in office. In response to a question about foreign policy, he said: We have had about 100 meetings and discussions with presidents and heads of government of different countries during this period. Generally, in the diplomatic process and foreign policy, the main issue is to interact with the whole world, including neighboring countries, and this is what can save us from crises, Pezeshkian said, stressing that “we must open the economy and develop the process of cooperation”. Pointing to his government’s foreign policy priority, the president underlined that Iran will be attending the Eurasian Summit in the near future where it will be given an observer status, which according to him, will provide a great opportunity for the Islamic Republic to interact with 5-6 countries in Eurasia and create a market for Iranian producers and traders with low tariffs. Pezeshkian continued: Our government has decided to have the Chamber of Commerce and private sector entrepreneurs accompany officials on such trip and follow up on their needs and the work that we can do for them. "In most of these trips, we are striving to have our manufacturers and industrialists present and to pave the way for these exchanges to take place”. On relations with China, the Iranian president said he had fruitful discussions and talks with his Chinese counterpart that resulted in good agreements and efforts are underway to implement and make them operational. We have also spoken to Russia and based on communications, programs and treaties we agreed upon, experts are reviewing the fields of oil, gas, roads and electricity in order to implement them, he added, Pezeshkian further said Russian President Vladimir Putin during a telephone conversation agreed to send two of his deputies to Iran next week to finalize the agreements between the two countries that can be formally inked during the meeting in Eurasia or in Moscow in January. The president also touched on healthy relations with other regional countries including India and Iraq. The government had negotiated with India and Iraq and signed a series of agreements, Pezeshkian said, adding that “We are also working on agreements that we can have with other neighboring and friendly countries”. On the north-south corridor, the Iranian president said the Minister of Roads and Urban Development personally inspected to solve any problems to the project which according to him can solve the country’s many problems once it becomes fully operational in accordance with treaties and partnership with regional countries. During his interview, Pezeshkian also mentioned about some tragic incidents since taking office, including the Israeli assassination of Ismail Haniyeh, the head of the Palestinian resistance movement in Tehran on the night of the presidential inauguration, as well as the crimes of the occupying Zionist regime in Gaza and Lebanon during this period. 4399

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TAMPA, Fla. (AP) — Tampa Bay’s bid for a fourth straight NFC South title and fifth consecutive playoff berth is gaining momentum. Back-to-back wins over a pair of last-place teams , combined with Atlanta’s three-game losing streak, have propelled the Bucs (6-6) to a tie atop the division. Although the Falcons (6-6) hold a tiebreaker after sweeping the season series between the teams, Tampa Bay can control its own destiny by finishing strong against a less than imposing schedule. The Bucs, who are back in the thick of the race after beating the New York Giants and Carolina Panthers, figure to be favored in four of their five remaining games. “Every week, we said it’s a playoff game, we got to take care of us. It’s not going to be easy. As it was (Sunday), it’s going to be a dog fight every week,” coach Todd Bowles said after Sunday’s 26-23 overtime win at Carolina. “We got to clean up some things, we know that, but it's hard to win in this league,” the coach said of the mistake-filled victory that lifted the Bucs back to .500. “We’ll take a win any way we can get it.” After facing Las Vegas (2-10) this week, the Bucs will finish with road games against the Los Angeles Chargers (8-4) and Dallas Cowboys (5-7), followed by home dates vs. Carolina (3-9) and the New Orleans Saints (4-8). Kicker Chase McLaughlin has been one of team’s most consistent performers, converting 21 of 23 field goal attempts. He was 4 of 5 against the Panthers, including 51-yarder to force overtime on the final play of regulation. He missed from 55 yards in OT before winning it with a 30-yard field goal on Tampa Bay’s next possession. Just when it appeared the defense was beginning to trend in the right direction, Carolina's Bryce Young threw for 298 yards without an interception against the Bucs in one of his better outings of the season. “In the first half, he did it with his feet and the second half he did it with his arm,” Bowles said. Running back Bucky Irving rushed for a career-best 152 yards and finished with 185 from scrimmage against Carolina, making him the first rookie since Miles Sanders in 2019 to have consecutive games with 150-plus yards from scrimmage. A week after playing well offensively and defensively in a 23-point rout of the New York Giants, the Bucs were sloppy against the Panthers. In addition to throwing two interceptions, Mayfield was sacked four times. Tampa Bay was penalized seven times for 54 yards, and the defense was only able to sack Young once. Mayfield (sore leg), linebacker K.J. Britt (sprained ankle) and safety Mike Edwards (hamstring) will be on the injury report this week. Bowles said he’s not sure what Mayfield's practice status will be when the team reconvenes Wednesday, however he expects the quarterback to play Sunday. 37 and 101 — Wide receiver Mike Evans had another big day against Carolina, posting the 37th 100-yard receiving performance of his career — fifth among active players. He also moved ahead of Hall of Famers Steve Largent and Tim Brown for sole possession of ninth place on the all-time list for TD receptions with 101. The Buccaneers host Las Vegas in Tampa Bay's first home game in a month and the third consecutive outing against a last-place team. The Raiders (2-10) have lost eight in a row. NFL: https://apnews.com/hub/nfl

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