-
MVB Financial (MVBF) in Fairmont, W.Va., has agreed to purchase certain assets and assume certain liabilities of CFG Community Bank in Lutherville, Md.
October 23 -
The $782 million-asset company said in a press release Tuesday that it halved its stake in Lender Service Provider, to 25%, during the third quarter after adding two members to the processing firm.
November 12 -
Gayle Manchin has been elected to serve on the board of MVB Financial, the Fairmont, W.Va., bank, it announced Monday. Her husband, Joe Manchin, was West Virginia governor from 2005 through 2010 and is now the state's junior U.S. senator.
July 24 -
Rockville Financial (RCKB) in Rockville, Conn., will merge with United Financial Bancorp (UBNK) in West Springfield, Mass.
November 15 -
Dozens of community banks may freeze their pension plans over the next several years, as they seek to cut costs and limit their potential liabilities. One that did so is Rockville Financial, whose CEO says it could no longer justify to shareholders the expense of a pension.
November 9 -
The $2 billion-asset company in Rockville, Conn., said Monday it plans to repurchase as many as 10% of its roughly 2.7 million shares outstanding.
May 20
MVB Financial (MVBF) in Fairmont, W. Va., and Rockville Financial (RCKB) in Rockville, Conn., have hired chief financial officers.
The $782 million-asset MVB said late Monday that Bret Price will succeed Eric Tichenor, who will still serve as CFO and treasurer at MVB's bank. Price joins the $782 million-asset MVB from Founders Investment Banking in Birmingham, Ala., where he was a vice president. He has also held senior posts at BBVA Compass Bank, Associated Banc-Corp (ASBC) and Regions Financial (RF).
Price "brings to MVB vast banking and financial experience and a rich mix of expertise to help further advance our 'growth with quality strategy,'" MVB Chief Executive Larry Mazza said in a press release. "In addition to being a Chartered Financial Analyst, his experience in a variety of industries, from financial services to energy to healthcare, will benefit our organization and the markets we serve."
MVB agreed in October to
Rockville named Eric Newell, a senior executive, as it next CFO. He succeeds John Lund, who is expected to remain with the $1.6 billion-asset company until the closing of its
Newell previously served as Rockville's executive vice president and head of treasury and corporate strategy. Before joining the company in 2011, he was assistant a vice president and special situations research analyst at Alliance Bernstein, where he analyzed small and mid-cap banks under mandates from the Treasury Department. Newell has also worked as a financial institutions analyst at Fitch Ratings and as a bank examiner at the Federal Deposit Insurance Corp.
