MVB Financial Announces New Share Repurchase Plan, Stock Up

MVB Financial Corp.’s (MVBF) board of directors announced the authorization of a stock repurchase program of up to $10 million of MVB’s common stock. Following the announcement, shares of MVBF rose 3.2% in yesterday’s trading session.The company plans to begin the program this month and will continue until the allocated funds are exhausted, the program is terminated, or it is otherwise concluded.The repurchase strategy will involve acquiring shares through open-market transactions, in block transactions, an ...