West Virginia

MVB Financial in Fairmont, W.Va., has sold most of its insurance business to USI Insurance Services in Valhalla, N.Y.

First Sentry Bancshares in Huntington, W.Va., said it will pay $7.4 million in cash and stock to buy the $75 million-asset Rock Branch Community Bank in Nitro, W.Va.

Jefferson Security Bank in Shepherdstown, W.Va., has promoted Cynthia Kitner from chief financial officer to chief executive.

Summit Financial Group in Moorefield, W.Va., has agreed to buy Highland County Bankshares in Monterey, Va., for $21.8 million in cash. The deal is expected to close early in the third quarter.

United Bankshares in Charleston, W.Va., reported an uptick in fourth-quarter profit as lower expenses offset lower average yields on earning assets.

City Holding in Charleston, W.Va., will be looking to name a new chairman, after Philip McLaughlin said he will resign at the end of the year.

The $12.6 billion-asset United said in a press release Monday that it will pay $269 million, or $37 a share, in stock for the $1.2 billion-asset Bank of Georgetown.

United Bankshares in Charleston, W.Va., recorded profit growth in the third quarter on higher average earning assets.

Premier Financial Bancorp in Huntington, W.Va., has hired a former BB&T executive as its bank president and chief executive.

Banks are seeing steady growth in consumer loan demand nationwide, particularly in auto loans and mortgages, according to a report released Wednesday by the Federal Reserve Board.