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MVB Declares Stock Dividend 1/22/2018

RED BLUFF, Calif. - The Board of Directors of Red Bluff-based MVB (OTCBB:MIVB) has declared a 10% stock dividend, according to board chairman Robert C. Jones. The stock dividend will be paid March 1, 2018 to shareholders of record on February 13, 2018.

"We are very encouraged about the prospects of improved profitability in the coming year," stated Jones. "Our recent expansion into the Chico marketplace should result in strong growth in our core business over the near term."

MVB is a locally owned, community business bank with offices in Red Bluff, Corning, Redding and Chico. The bank focuses on real estate construction lending, agricultural production loans and commercial lending to the business and professional community.

Founded in 1975, the bank has served upstate California communities for over 26 years. More information about MVB can be obtained at its website, www.midvalleybank.com.

This news release includes forward-looking statements about MVB's financial condition, results of operations, plans, objectives and future performance. A number of factors, many of which are beyond the control of MVB, could cause actual results to differ materially from those in the forward-looking statements.

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