MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership

Reuters

2025/10/01

MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership

MVB Financial Corp. announced it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, effective September 30, 2025. The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MVB Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251001323705) on October 01, 2025, and is solely responsible for the information contained therein.

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The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MVB Financial Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251001323705) on October 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251001:nNDL9PxFBX:1","article_id":"2572270539","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2572270539","pubTimestamp":1759321846,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MVB Financial Sells Victor Technologies to Jack Henry & Associates, Gains $33 Million Pre-Tax and Maintains Strategic Partnership. MVB Financial Corp. announced it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates, effective September 30, 2025. The transaction is expected to generate a pre-tax gain of approximately $33 million for MVB and is anticipated to be accretive to earnings per share by improving cost structure and lowering overhead. MVB will maintain an ongoing strategic partnership with Victor and Jack Henry, continuing to provide embedded payment solutions to customers and participating in Victor's future growth. Victor, launched in 2021 and incubated within MVB, processes billions in payments monthly.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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