MVB Financial Corp..
MVBF.US | Other monetary intermediation
MVB Financial Corp. operates as the bank holding company for MVB Bank, Inc. It offers commercial and retail banking, as well as trust and wealth management services. The bank provides deposit products, including checking, savings, and money market accounts, as well as certificates of deposit. Its le...Show More
Better Health for All
-20
MVB Financial Corp.'s core banking services have no direct health impact. However, its subsidiary, MVB Bank, is a founding sponsor of the GameChanger Initiative, a student-led substance misuse prevention program that works with schools through a partnership with the Hazelden-Betty Ford Foundation.
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MVB Bank also provides a corporate donation to the "Change Their Holiday" campaign, offering financial assistance to families in recovery from opioid and substance misuse for holiday gifts and dinner.
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Additionally, MVB Bank conducts an annual Breast Cancer Awareness campaign and supports over 220 organizations and families, with 87% of employees volunteering over 3,279 hours.
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No specific funding percentages for these health-related initiatives are provided.
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Fair Money & Economic Opportunity
0
No specific, concrete data points or facts were found in the provided articles to assess MVBF.US against any of the KPIs for Fair Money & Economic Opportunity. Two articles returned a 404 error, and the third explicitly stated it contained no relevant quantitative data, regulatory actions, certifications, comparisons, or contradictions.
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Fair Pay & Worker Respect
0
No evidence available to assess MVB Financial Corp. on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
0
MVB Financial Corp. operates as a bank holding company, providing financial services. The company's business model does not involve the procurement or trade of physical commodities, which are the primary focus of the 'Fair Trade & Ethical Sourcing' value and its associated KPIs. Therefore, all KPIs related to fair-trade certifications, supply chain audits, traceability, materials risk, and remediation processes are not applicable. While the company has a Vendor Code of Conduct that prohibits practices like forced or child labor and expects vendors to comply with human rights laws, there is no evidence of specific incidents or quantitative data on the enforcement or coverage of ethical clauses within supplier contracts, nor is there data on supplier diversity spend.
1
Honest & Fair Business
-50
MVB Financial Corp. has a formal whistleblower policy in place, which includes a third-party hotline for anonymous submissions that are reviewed and processed by the CRO, CCO, and potentially an external auditor.
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However, there is no explicit evidence of independent investigation processes for these reports. The company's anti-corruption policy addresses bribery and sets a gift acceptance limit of $100, but specific enforcement mechanisms are not detailed.
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Board members must meet Nasdaq and SEC independence requirements, including no consulting or advisory compensation from MVB Financial (other than director fees) and no directors with outstanding classified loans.
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For third-party verification, the company engages an independent external auditor for financial statements, conducts an independent annual loan portfolio review, and oversees an internal audit function and compliance testing.
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Kind to Animals
0
MVB Financial Corp. is a financial services company, and its core business operations do not involve animal testing, animal agriculture, or animal-derived products. Therefore, most KPIs related to these activities are not applicable and score 0. The company's bank, MVB Bank, donated $1,000 to the Marion County Humane Society in June 2019 to assist with recovery efforts after a water main break.
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This donation is a charitable act for animal welfare but does not constitute a measurable wildlife conservation impact as defined by the rubric. No other specific, measurable data on animal welfare practices, policies, or impacts were found in the provided articles.
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No War, No Weapons
0
The provided articles explicitly state 'No information found' for all specified KPIs related to the 'No War, No Weapons' ethical value.
1
No other factual information within the articles could be mapped to any of the KPIs. Therefore, no assessment can be made against the rubric for MVBF.US based on the evidence provided.
Planet-Friendly Business
0
MVB Financial Corp. announced the successful completion of its plan to achieve Carbon Neutral status.
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The company launched its first Environmental Emissions Study in 3Q 2021, gathering emissions data for 2020 and 2021 from categories including team member commuting, air travel, real estate, and shipping.
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MVB has reduced the number of its physical office locations to support the reduction of its carbon footprint.
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However, no specific carbon emissions data (tCO₂e), science-based targets, or a public net-zero target year have been reported.
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While an agreement was made to install solar panels at four banking centers, and the first installation occurred in March 2021, the statement that "100% of banking centers owned by MVB will be utilizing a form of renewable energy" is a forward-looking statement, and current utilization is not explicitly confirmed.
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Respect for Cultures & Communities
0
No evidence available to assess MVB Financial Corp. on Respect for Cultures & Communities.
Safe & Smart Tech
0
MVB Bank's privacy notice is reviewed at least annually, and the company states it complies with the Gramm-Leach-Bliley Act (GLBA).
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Data covered by GLBA is noted as exempt from CCPA requests.
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The company also generally mentions compliance with applicable legal obligations.
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Zero Waste & Sustainable Products
-10
The company reported a waste management recycling rate of 68% in 2023.
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