MVB Bank to Purchase Potomac Mortgage Group, a ‘Top 100’ Mortgage Company in the Country
MVB Financial Corp., (OTC Markets Group OTCQB: MVBF), today announced it has reached an agreement to purchase the northern Virginia residential mortgage company Potomac Mortgage Group, LLC (PMG), with offices in Fairfax, McLean and Reston. MVB will be purchasing PMG for approximately $19 million in cash and MVB common shares. The addition of PMG is expected to be accretive…