MVB Financial Corp. (“MVB” or the “Company”), 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.
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“After 15 incredibly rewarding years at MVB, including the last several years as President, I’ve made the personal decision to step away from MVB and my leadership responsibilities,” said Mr. Robinson.
Upon Mr. Robinson’s transition, Larry F. Mazza, the Company’s current Chief Executive Officer will reassume the role of President in addition to his duties as CEO. The Company and the Bank have appointed Michael R. Sumbs to serve as Executive Vice President and Chief Financial Officer and Jonathan T. Logan as Chief Accounting Officer. Mr. Robinson will be available throughout the next year to provide continued consulting and support to MVB during this transition.
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“We wish Don well in his next chapter and sincerely thank him for all his contributions to MVB over the years as well as his trusted partnership,” said Mr. Mazza. “We are pleased to welcome Mike to Team MVB. During his time at Raymond James, Mike has been a strong partner to MVB. His extensive investment banking and capital markets experience, as well as knowledge of the banking and Fintech sectors, will position us well as we focus on growth, profitability and enhancing shareholder value. The addition of Jonathan as Chief Accounting Officer will also help to support our ongoing growth and strengthen our financial organization.”
Mr. Sumbs joins the Company from Raymond James & Associates, Inc., where he has worked since 2017, most recently serving as a Director in the financial services practice. Prior to his role at Raymond James, Mr. Sumbs worked in the financial services investment banking group at Macquarie Capital and in a Strategy & Corporate Development role for Yadkin Financial Corporation (acquired by F.N.B. Corporation). Mr. Sumbs started his career at Keefe, Bruyette & Woods, Inc. and has over 15 years of experience working with and for financial institutions. Mr. Sumbs received a B.S. in Business Administration from the University of Richmond and an MBA from The Fuqua School of Business at Duke University.
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“I am honored to join MVB as CFO and to work alongside such a talented team,” said Mr. Sumbs. “I am excited about the opportunities ahead and look forward to contributing to MVB’s continued success and delivering value to our clients, partners and shareholders.”
Mr. Logan joins the Company from William Penn Bank, where he worked since 2020 as Executive Vice President and Chief Financial Officer, where he oversaw all financial, accounting and regulatory matters. He previously served in a corporate controller capacity with Beneficial Bank (acquired by WSFS Financial). Mr. Logan is a Certified Public Accountant and received a B.S. in accounting from Susquehanna University.
“I am pleased to join Team MVB as CAO and work with Mike to contribute to MVB’s continued success and growth,” said Mr. Logan.
Mr. Robinson’s transition out of the CFO and President roles and Messrs. Mazza’s, Sumbs’ and Logan’s respective appointments will be effective July 14, 2025.
“I have full confidence in Mike as the incoming CFO and Jonathan as CAO, and I remain committed to supporting a successful transition over the next year and ensuring MVB continues to thrive,” said Mr. Robinson.
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Source: businesswire