MVB Financial Corp. announced today, October 2, 2025, that it has signed and closed a definitive agreement to sell substantially all assets and operations of Victor Technologies, Inc. to Jack Henry & Associates. The transaction, effective September 30, 2025, is expected to generate a pre‑tax gain of approximately $33 million for MVB.
Victor, a wholly owned subsidiary of MVB Edge Ventures, processes billions of dollars in payments each month and serves Jack Henry’s 7,400 clients. The sale is intended to be accretive to MVB’s earnings per share, with the company projecting improved cost structure and lower overhead expense following the divestiture.
Beyond the immediate financial benefit, the transaction will give MVB greater flexibility to pursue balance‑sheet and capital‑management strategies, including potential repositioning of available‑for‑sale securities, share repurchases, and other capital optimization initiatives. MVB will also maintain a strategic partnership with Jack Henry, ensuring continued participation in Victor’s growth and embedded payment solutions for its fintech customers.
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