• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    MVB Financial Corp. Announces Strategic Sale of Victor Technologies to Jack Henry & Associates

    10/1/25 8:30:00 AM ET
    $JKHY
    $MVBF
    EDP Services
    Technology
    Major Banks
    Finance
    Get the next $JKHY alert in real time by email

    MVB Financial Corp. ("MVB" or "MVB Financial") (NASDAQ:MVBF), the holding company for MVB Bank, Inc. (the "Bank"), announced today that it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. ("Victor") to Jack Henry & Associates ("Jack Henry") (NASDAQ:JKHY) (the "Transaction") effective September 30, 2025.

    The Transaction is expected to generate a pre-tax gain of approximately $33 million to MVB, delivering significant returns on a Fintech company founded just four years ago in 2021 and incubated within MVB. The Transaction is expected to be accretive to MVB's earnings per share, driven by improved cost structure and lower overhead expense going forward. In addition, the Transaction will provide MVB with greater flexibility to pursue certain balance sheet and capital management strategies, which may include a repositioning of some portion of the available-for-sale securities portfolio, share repurchases and/or other capital and earnings optimization strategies aimed at enhancing shareholder value over time.

    Victor processes billions of dollars in payments monthly and exemplifies MVB's strategy of building Fintech companies rather than simply banking them. Jack Henry's 7,400 clients will strengthen Victor's growth while MVB maintains a strategic partnership to continue participating in Victor's success.

    "This transaction validates our thesis that MVB can create substantial shareholder value by building world-class Fintech solutions," said MVB President and CEO Larry F. Mazza. "We've taken Victor from concept to processing billions in monthly payments, and now we're positioning it for strong growth through Jack Henry's resources—while maintaining our strategic partnership."

    Partnership Ensures Continued Benefits

    MVB's ongoing partnership with Victor and Jack Henry will continue to provide customers with embedded payment solutions while realizing immediate value and participating in Victor's accelerated growth.

    "We're not walking away – we are doubling down through the development of a reimaged partnership. Greg Adelson, CEO of Jack Henry, is a visionary and trusted partner," Mazza explained. "Additionally, our shareholders realize immediate returns, our clients get enhanced capabilities, and we continue to benefit from Victor's success and growth as part of Jack Henry."

    Victor's embedded payments platform already serves Jack Henry's clients with real-time payment processing, virtual ledgering and regulatory compliance solutions.

    "This acquisition positions us to expand our reach across Jack Henry's client network and fast-track the delivery of next-generation payment technologies." said Victor President Maf Sonko.

    Proven Fintech Builder Strategy

    This transaction demonstrates MVB's successful Fintech incubation model, proving traditional financial institutions can build and scale Fintech solutions while generating substantial returns. The deal positions MVB to continue building next-generation Fintech solutions.

    MJC Partners served as financial advisor and Squire Patton Boggs (US) LLP served as legal advisor to MVB and Victor. Stinson LLP served as legal advisor to Jack Henry.

    About MVB Financial Corp.

    MVB Financial, the holding company of the Bank, is publicly traded on The Nasdaq Capital Market® under the ticker "MVBF". Through MVB's subsidiary, the Bank, and the Bank's subsidiaries, the Company provides financial services to individuals and corporate clients in the Mid-Atlantic region and beyond. For more information about MVB, please visit http://ir.mvbbanking.com.

    About Victor Technologies, Inc.

    Victor is a wholly owned subsidiary of MVB Edge Ventures, Inc., and a part of the Bank. Victor provides banking technology solutions that simplify direct Bank-Fintech partnerships. Victor APIs help technology companies and corporations embed financial solutions within their product offerings and Victor's platform tools help banks manage Fintech partnerships and compliance at scale. For more information, visit www.victorfi.com.

    About Jack Henry & Associates, Inc.®

    Jack Henry™ (NASDAQ:JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. Jack Henry is an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading Fintechs. For nearly 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. Jack Henry empowers approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

    Forward-Looking Statements

    MVB Financial has made forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in this press release that are intended to be covered by the protections provided under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations about the future and subject to risks and uncertainties. Forward-looking statements include, without limitation, information concerning the Proposed Transaction, including the expected [timing,] and potential benefits thereof, MVB's expected future financial results and condition, and future business plans and strategies of MVB Financial and its subsidiaries. Forward-looking statements can be identified by the use of words such as "may," "could," "can," "should," "will," "plans," "expects," "anticipates," "intends," "continues," or the negative of those terms or similar expressions. In addition, any statements that refer to projections, forecasts, or other characterizations of future events, financial results, or circumstances (including any underlying assumptions) are forward-looking. The forward-looking statements contained in this press release are based on assumptions and analyses made by MVB's management in light of their respective experience and perception of historical trends, current conditions, expected future developments, and their potential effects on the MVB, as well as other factors they believe are appropriate in the circumstances. Note that many factors could affect the future financial results of the MVB and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in forward-looking statements. Therefore, undue reliance should not be placed upon any forward-looking statements. Those factors include but are not limited to: market, economic, operational, liquidity, and credit risk; changes in market interest rates; inability to successfully execute business plans, including strategies related to investments in financial technology companies; competition; unforeseen events, such as pandemics or natural disasters, and any governmental or societal responses thereto; changes in economic, business, and political conditions; changes in demand for loan products and deposit flow; changes in deposit classifications: operational risks and risk management failures; and government regulation and supervision. Additional factors that may cause actual results to differ materially from those described in the forward-looking statements can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as its other filings with the SEC, which are available on the SEC's website at www.sec.gov. Except as required by law, the Company disclaims any obligation to update, revise, or correct any forward-looking statements.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20251001323705/en/

    MEDIA CONTACT

    Amy Baker

    VP, Corporate Communications and Marketing

    MVB Bank

    [email protected]

    (844) 682-2265

    INVESTOR RELATIONS

    Marcie Lipscomb

    [email protected]

    (844) 682-2265

    Get the next $JKHY alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $JKHY
    $MVBF

    CompanyDatePrice TargetRatingAnalyst
    MVB Financial Corp.
    $MVBF
    9/25/2025$35.00Buy
    TD Cowen
    MVB Financial Corp.
    $MVBF
    7/31/2025$28.00 → $27.00Outperform
    Hovde Group
    MVB Financial Corp.
    $MVBF
    7/14/2025$28.00Market Perform → Outperform
    Hovde Group
    Jack Henry & Associates Inc.
    $JKHY
    4/2/2025$183.00Sell → Neutral
    Goldman
    Jack Henry & Associates Inc.
    $JKHY
    3/10/2025Buy → Neutral
    Northcoast
    Jack Henry & Associates Inc.
    $JKHY
    1/14/2025$155.00Underweight
    Wells Fargo
    Jack Henry & Associates Inc.
    $JKHY
    10/1/2024$181.00 → $206.00Outperform
    Oppenheimer
    Jack Henry & Associates Inc.
    $JKHY
    9/4/2024$186.00Neutral
    Compass Point
    More analyst ratings

    $JKHY
    $MVBF
    SEC Filings

    View All

    MVB Financial Corp. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    8-K - MVB FINANCIAL CORP (0001277902) (Filer)

    10/3/25 8:31:43 AM ET
    $MVBF
    Major Banks
    Finance

    SEC Form DEFA14A filed by Jack Henry & Associates Inc.

    DEFA14A - JACK HENRY & ASSOCIATES INC (0000779152) (Filer)

    10/2/25 4:33:02 PM ET
    $JKHY
    EDP Services
    Technology

    SEC Form DEF 14A filed by Jack Henry & Associates Inc.

    DEF 14A - JACK HENRY & ASSOCIATES INC (0000779152) (Filer)

    10/2/25 4:30:55 PM ET
    $JKHY
    EDP Services
    Technology

    $JKHY
    $MVBF
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    TD Cowen initiated coverage on MVB Financial with a new price target

    TD Cowen initiated coverage of MVB Financial with a rating of Buy and set a new price target of $35.00

    9/25/25 8:32:57 AM ET
    $MVBF
    Major Banks
    Finance

    Hovde Group reiterated coverage on MVB Financial with a new price target

    Hovde Group reiterated coverage of MVB Financial with a rating of Outperform and set a new price target of $27.00 from $28.00 previously

    7/31/25 6:43:59 AM ET
    $MVBF
    Major Banks
    Finance

    MVB Financial upgraded by Hovde Group with a new price target

    Hovde Group upgraded MVB Financial from Market Perform to Outperform and set a new price target of $28.00

    7/14/25 8:27:33 AM ET
    $MVBF
    Major Banks
    Finance

    $JKHY
    $MVBF
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Owen Jan Lynn converted options into 390 shares, increasing direct ownership by 4% to 9,830 units (SEC Form 4)

    4 - MVB FINANCIAL CORP (0001277902) (Issuer)

    10/3/25 4:23:51 PM ET
    $MVBF
    Major Banks
    Finance

    Director Nelson Kelly R converted options into 390 shares, increasing direct ownership by 0.43% to 91,785 units (SEC Form 4)

    4 - MVB FINANCIAL CORP (0001277902) (Issuer)

    10/3/25 4:23:04 PM ET
    $MVBF
    Major Banks
    Finance

    Director Spielman Cheryl converted options into 390 shares, increasing direct ownership by 1% to 29,673 units (SEC Form 4)

    4 - MVB FINANCIAL CORP (0001277902) (Issuer)

    10/3/25 4:21:04 PM ET
    $MVBF
    Major Banks
    Finance

    $JKHY
    $MVBF
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    $JKHY
    $MVBF
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Jack Henry Acquires Victor Technologies to Expand PaaS Capabilities

    Innovative, cloud-native solution enables financial institutions to offer enhanced embeddedpayments to fintechs and commercial customers MONETT, Mo., Oct. 1, 2025 /PRNewswire/ -- Jack Henry & Associates Inc.® (NASDAQ:JKHY) today announced the acquisition of Victor Technologies, Inc., a cloud-native, API-first provider of innovative direct-to-core embedded payments solutions, from MVB Financial Corp. (NASDAQ:MVBF).    The acquisition expands Jack Henry's capabilities in the rapidly growing Payments-as-a-Service (PaaS) market, in which financial institutions embed payment servic

    10/1/25 8:30:00 AM ET
    $JKHY
    $MVBF
    EDP Services
    Technology
    Major Banks
    Finance

    MVB Financial Corp. Announces Strategic Sale of Victor Technologies to Jack Henry & Associates

    MVB Financial Corp. ("MVB" or "MVB Financial") (NASDAQ:MVBF), the holding company for MVB Bank, Inc. (the "Bank"), announced today that it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. ("Victor") to Jack Henry & Associates ("Jack Henry") (NASDAQ:JKHY) (the "Transaction") effective September 30, 2025. The Transaction is expected to generate a pre-tax gain of approximately $33 million to MVB, delivering significant returns on a Fintech company founded just four years ago in 2021 and incubated within MVB. The Transaction is expected to be accretive to MVB's earnings per share, driven by improved cost structure and lo

    10/1/25 8:30:00 AM ET
    $JKHY
    $MVBF
    EDP Services
    Technology
    Major Banks
    Finance

    Jack Henry Named to IDC FinTech Rankings Top 25

    Annual revenue lands financial technology provider on prestigious list for 17th consecutive year MONETT, Mo., Sept. 17, 2025 /PRNewswire/ -- Jack Henry™ (NASDAQ:JKHY) announced today that the company has been named to IDC's 2025 FinTech rankings for the 17th consecutive year. Jack Henry ranked 12th on this prestigious list, which recognizes leading companies that provide hardware, software, and services to the financial technology services industry. The Fortune 500-style ranking categorizes and evaluates the top global providers of financial technology based on calendar year r

    9/17/25 9:00:00 AM ET
    $JKHY
    EDP Services
    Technology

    Amendment: Chief Risk Officer Rodriguez Joseph Ryan bought $21,600 worth of shares (1,125 units at $19.20), increasing direct ownership by 27% to 5,250 units (SEC Form 4)

    4/A - MVB FINANCIAL CORP (0001277902) (Issuer)

    5/27/25 6:03:31 PM ET
    $MVBF
    Major Banks
    Finance

    Chief Risk Officer Rodriguez Joseph Ryan bought $21,544 worth of shares (1,125 units at $19.15), increasing direct ownership by 27% to 5,250 units (SEC Form 4)

    4 - MVB FINANCIAL CORP (0001277902) (Issuer)

    5/13/25 5:31:40 PM ET
    $MVBF
    Major Banks
    Finance

    Chief Risk Officer Rodriguez Joseph Ryan bought $74,250 worth of shares (4,125 units at $18.00) (SEC Form 4)

    4 - MVB FINANCIAL CORP (0001277902) (Issuer)

    5/12/25 4:54:41 PM ET
    $MVBF
    Major Banks
    Finance

    $JKHY
    $MVBF
    Financials

    Live finance-specific insights

    View All

    Jack Henry & Associates® Announces Regular Quarterly Dividend

    MONETT, Mo., Aug. 25, 2025 /PRNewswire/ -- Jack Henry & Associates, Inc.® (NASDAQ:JKHY) today announced its Board of Directors declared a regular quarterly cash dividend of $.58 per share. The cash dividend on its common stock, par value $.01 per share, is payable on September 26, 2025, to stockholders of record as of September 5, 2025.  About Jack Henry & Associates, Inc.® Jack Henry™ (NASDAQ:JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that

    8/25/25 8:00:00 AM ET
    $JKHY
    EDP Services
    Technology

    MVB Financial Corp. Declares Third Quarter 2025 Dividend

    MVB Financial Corp. (NASDAQ:MVBF) ("MVB Financial," "MVB," or the "Company") has declared a quarterly cash dividend of $0.17 per share, maintaining the dividend declared in the previous quarter for shareholders of record as of September 1, 2025, payable on September 15, 2025. This is the third quarterly dividend for 2025. "The second quarter marked a positive turn in MVB's operating fundamentals. Loan growth accelerated, and our pipeline is strong heading into the second half of the year. In a quarter that traditionally has seasonal headwinds as it is outside of tax and gaming seasons, deposit growth of 8.5% shows execution of our overall strategy," said Larry F. Mazza, President and CEO,

    8/20/25 4:30:00 PM ET
    $MVBF
    Major Banks
    Finance

    Jack Henry & Associates, Inc. Reports Fourth Quarter and Full Year Fiscal 2025 Results

      Fourth quarter summary: GAAP revenue increased 9.9% and GAAP operating income increased 23.9% for the fiscal three months ended June 30, 2025, compared to the prior fiscal year quarter.Non-GAAP adjusted revenue increased 7.5% and non-GAAP adjusted operating income increased 14.8% for the fiscal three months ended June 30, 2025, compared to the prior fiscal year quarter.1GAAP EPS was $1.75 per diluted share for the fiscal three months ended June 30, 2025, compared to $1.38 per diluted share in the prior fiscal year quarter.Fiscal year  summary: GAAP revenue increased 7.2% and GAAP operating income increased 16.2% for the fiscal year ended June 30, 2025, compared to the prior fiscal year.No

    8/19/25 4:17:00 PM ET
    $JKHY
    EDP Services
    Technology

    $JKHY
    $MVBF
    Leadership Updates

    Live Leadership Updates

    View All

    Jack Henry Acquires Victor Technologies to Expand PaaS Capabilities

    Innovative, cloud-native solution enables financial institutions to offer enhanced embeddedpayments to fintechs and commercial customers MONETT, Mo., Oct. 1, 2025 /PRNewswire/ -- Jack Henry & Associates Inc.® (NASDAQ:JKHY) today announced the acquisition of Victor Technologies, Inc., a cloud-native, API-first provider of innovative direct-to-core embedded payments solutions, from MVB Financial Corp. (NASDAQ:MVBF).    The acquisition expands Jack Henry's capabilities in the rapidly growing Payments-as-a-Service (PaaS) market, in which financial institutions embed payment servic

    10/1/25 8:30:00 AM ET
    $JKHY
    $MVBF
    EDP Services
    Technology
    Major Banks
    Finance

    Greg Adelson Appointed to Jack Henry Board of Directors

    MONETT, Mo., Aug. 27, 2025 /PRNewswire/ -- Jack Henry & Associates Inc.® (NASDAQ:JKHY) today announced the appointment of President and CEO Greg Adelson to its Board of Directors on August 22, 2025. This appointment coincides with the expansion of the company's Board from nine to 10 directors. Adelson was appointed President of Jack Henry on January 25, 2022, and became CEO on July 1, 2024. He will continue to serve in both capacities following his Board appointment. Adelson joined Jack Henry in 2011 and has served as the company's Group President of iPay Solutions™, General M

    8/27/25 4:10:00 PM ET
    $JKHY
    EDP Services
    Technology

    MVB Financial Corp. Announces Executive Transition

    Appointment of Michael R. Sumbs as CFO; Appointment of Jonathan T. Logan as Chief Accounting Officer Current CEO Larry F. Mazza to Reassume Role of President Departure of Donald T. Robinson MVB Financial Corp. (NASDAQ:MVBF) ("MVB" or the "Company"), today announced that, effective July 14, 2025, the Company and its wholly-owned subsidiary, MVB Bank (the "Bank"), have mutually agreed with Donald T. Robinson to a transition plan under which Mr. Robinson will depart from his position as President and Chief Financial Officer of the Company and of MVB Bank to enable him to pursue other opportunities. "After 15 incredibly rewarding years at MVB, including the last several years as Preside

    7/11/25 8:30:00 AM ET
    $MVBF
    Major Banks
    Finance

    $JKHY
    $MVBF
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by Jack Henry & Associates Inc.

    SC 13G - JACK HENRY & ASSOCIATES INC (0000779152) (Subject)

    10/17/24 9:46:19 AM ET
    $JKHY
    EDP Services
    Technology

    SEC Form SC 13G filed by Jack Henry & Associates Inc.

    SC 13G - JACK HENRY & ASSOCIATES INC (0000779152) (Subject)

    2/13/24 4:05:28 PM ET
    $JKHY
    EDP Services
    Technology

    SEC Form SC 13G/A filed by MVB Financial Corp. (Amendment)

    SC 13G/A - MVB FINANCIAL CORP (0001277902) (Subject)

    2/8/24 10:40:17 AM ET
    $MVBF
    Major Banks
    Finance