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Exhibit 99.1 MVB FINANCIAL NEWSRELEASE Fintech Initiatives Continue to Power Core Funding Transformation ( FAIRMONT , WV ) November 1 , 2021 - MVB Financial Corp. ( NASDAQ : MVBF ) ( " MVB Financial , " " MVB " or the " Company " ) today reported net income of $ 11.8 million , or $ 1.00 basic and $ 0.92 diluted earnings per share for the three months ended September 30 , 2021 . Net income Earnings per share - basic Earnings per share - diluted 2021 Quarterly 2021 Year - to - Date 2020 2021 2020 Third Quarter $ $ 11,828 $ 1.00 $ Second Quarter 9,247 $ Third Quarter 0.79 $ 6,491 0.53 $ $ 29,160 $ 2.49 $ 25,573 2.11 $ 0.92 $ 0.73 $ 0.53 $ 2.32 $ 2.07 " MVB's third quarter results and actions reflect our embrace of the transformative power of technology in our industry , " said Larry F. Mazza , President and CEO , MVB Financial . “ During the third quarter , we made further progress in our efforts to build a world - class deposit franchise , with noninterest - bearing Fintech deposits now representing nearly 42 % of our total deposit funding . We remain the clear leader in the online gaming segment , and the wind is at our back , with 33 states , 29 of which are operational , representing 57 % of the U.S. adult population , having legalized sports betting to date . In addition to the beneficial impact to our margin , especially in a rising rate environment , low - cost funding from our Fintech business allows us to redeploy resources to faster - growth markets and additional technology spend and investments . Toward that end , during the third quarter , we exited our Southern West Virginia banking market , entered into a partnership agreement with NYDIG that allows our Fintech clients to offer Bitcoin - related products and expanded our investment in Interchecks Technologies , Inc. , a Fintech portfolio investment that has become more integrated in our core business . " THIRD QUARTER 2021 HIGHLIGHTS Strong core deposit growth reflects continued expansion of Fintech and gaming verticals © Noninterest - bearing ( " NIB " ) deposits were $ 999.3 million as of September 30 , 2021 , up $ 66.7 million , or 7 % , and $ 356.5 million , or 55 % , from June 30 , 2021 and September 30 , 2020 , 1