Announced
Completed
Financials
Tags
Majority
United States
Private
Acquisition
Single Bidder
Friendly
Completed
merchants insight
Security Services
fraud prevention
Synopsis
MVB Financial, the holding company for MVB Bank, completed the acquisition of Paladin Group, which offers merchants insight on systems, tools, strategies, vendors, and industry trends to ensure protection against fraud. Financial terms were not disclosed. "Paladin Group, a respected leader in the fraud prevention industry, has formed a specialty niche that aligns well with MVB as the preferred bank for Fintech companies. This acquisition is another creative way that MVB is turning an expense into a profit center to the benefit of our shareholders,” Larry F. Mazza, MVB Financial President and CEO.
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