MVB Financial terminated the $98m acquisition of Integrated Financial Holdings.

MVB Financial, the holding company for MVB Bank, terminated the $98m acquisition of Integrated Financial Holdings, a financial services holding company that specializing in small business lending solutions. “Due primarily to the changes that have occurred in the banking industry since the announcement of the transaction, the termination of the merger agreement with IFHI is the right decision at this time for the shareholders of both companies. MVB will continue our working relationship with Windsor Advantage, IFHI’s wholly owned subsidiary providing comprehensive SBA 7(a) and USDA lending services to community banks. MVB’s diversified business model keeps our balance sheet strong through changing marketing conditions," Larry F. Mazza, MVB Financial CEO. On January 26, 2023, MVB Financial and Integrated Financial announce shareholder approval of merger agreement.