MVB Mortgage And Intercoastal Mortgage Company Merge

Men shaking hands. Image by Gerd Altmann from Pixabay

MVB Financial Corp. and MVB Bank's subsidiary Potomac Mortgage Group Inc. (d/b/a MVB Mortgage) merged with Intercoastal Mortgage Company to create one of the largest independent mortgage banking operations in the Mid-Atlantic region.

Navi Persaud
 & 
July 2, 2020

MVB Financial Corp. and MVB Bank's subsidiary Potomac Mortgage Group Inc. (d/b/a MVB Mortgage) merged with Intercoastal Mortgage Company to create one of the largest independent mortgage banking operations in the Mid-Atlantic region.

MVB Mortgage will contribute all of its assets and in exchange, will receive units representing 47% of the common interest of ICM and $7.5 million in preferred units.

Click here to read more about the merger.

This article originally appeared in the National Mortgage Professional print magazine.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

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MVB Mortgage And Intercoastal Mortgage Company Merge
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MVB Mortgage And Intercoastal Mortgage Company Merge

July 2, 2020
by
Navi Persaud

MVB Financial Corp. and MVB Bank's subsidiary Potomac Mortgage Group Inc. (d/b/a MVB Mortgage) merged with Intercoastal Mortgage Company to create one of the largest independent mortgage banking operations in the Mid-Atlantic region.

MVB Mortgage will contribute all of its assets and in exchange, will receive units representing 47% of the common interest of ICM and $7.5 million in preferred units.

Click here to read more about the merger.

Written by 
Navi Persaud

Navi is the Director of Online Content for American Business Media in West Hartford, Conn.

npersaud@ambizmedia.com

These articles are powered by National Mortgage Professional

MVB Financial Corp. and MVB Bank's subsidiary Potomac Mortgage Group Inc. (d/b/a MVB Mortgage) merged with Intercoastal Mortgage Company to create one of the largest independent mortgage banking operations in the Mid-Atlantic region.

MVB Mortgage will contribute all of its assets and in exchange, will receive units representing 47% of the common interest of ICM and $7.5 million in preferred units.

Click here to read more about the merger.

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