10:07 AM EDT, 10/06/2025 (MT Newswires) -- MVB Financial ( MVBF ) said Monday it sold about $73 million in book value of available-for-sale investment securities as part of an investment securities repositioning strategy.
The company said the sale of $49 million of municipal securities, $15 million of US sponsored mortgage-backed securities and $9 million of US government agency securities resulted in a pretax loss of about $7.6 million that will be recognized in its Q3 results.
The company said its MVB Bank unit expects to redeploy proceeds into securities with higher yields.
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