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MVB Bank breaks ground in downtown Charleston

CHARLESTON, W.Va. -- MVB Bank is continuing its reinvestment in downtowns throughout West Virginia as it begins construction on its new Charleston facility Wednesday. The new location at 400 Washington St. E. will be its first in Southern West Virginia.

"As a community bank, we like to invest in the communities we live and work in," said Aly Gregg, chief marketing coordinator for MVB Bank.

MVB Bank opened its first location in Fairmont in 1998 and has since grown to service areas in Northern West Virginia as well as the Eastern Panhandle. The company wants to see market growth continue down Interstate 79.

"The city of Charleston, the Planning Commission, the neighbors have been tremendous," Gregg said. "We are believers in reinvesting in downtowns."

When expanding, the bank looks either to refurbish an old building, like they did at its Sabraton location, which opened in April, or build new.

"Now there's a push to reinvest in downtown areas, and we want to be a part of that," Gregg said. "People have been very excited for that investment."

The Charleston location will be the bank's ninth branch in West Virginia. The bank will build at the former BB&T site across from a Charleston Town Center Mall parking garage. The bank has a loan production office in Charleston that will expand with the new facility in 2014, Gregg said.

"As we continue to grow, that core backbone of community continues to drive us forward," she added.

Reach Caitlin Cook at caitlin.cook@wvgazette.com or 304-348-5113.


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