MVB FINANCIAL CORP (MVBF)
Sector: Financials
Sector: Financials
MVB FINANCIAL CORP - Executive Compensation
Chief Financial Officer
Executive Compensation
Michael R. Sumbs is the Chief Financial Officer at MVB Financial Corp, a position he has held since 2018. With more than 25 years of experience in financial services, Sumbs began his career at a major regional bank in the Midwest, rising through the ranks to become Vice President of Finance. He later served as CFO for a mid-sized community bank in Virginia, where he spearheaded the integration of digital banking platforms and navigated the bank through the 2008 financial crisis, ensuring regulatory compliance and capital stability. Sumbs holds a Bachelor of Science in Accounting from West Virginia University and an MBA from the University of Pittsburgh, complemented by certifications as a Certified Public Accountant (CPA) and Chartered Financial Analyst (CFA). Under Sumbs' leadership, MVB Financial Corp has achieved significant milestones, including a 40% increase in assets under management over the past five years and successful public offerings that enhanced shareholder value. His strategic oversight has been pivotal in expanding MVB's commercial lending portfolio and launching innovative fintech partnerships, earning him recognition as a top financial executive by American Banker in 2022. Sumbs' expertise in risk management and mergers and acquisitions has positioned the company for sustained growth amid evolving market dynamics. In his role at MVB Financial Corp, Sumbs directs all aspects of financial planning, reporting, treasury operations, and investor relations. He collaborates closely with the board and executive team to align fiscal strategies with the company's mission of delivering personalized banking solutions, while fostering a culture of transparency and fiscal responsibility that supports long-term profitability and community impact.