MVB Bank Continues Theater Support with a Contribution to Robinson Grand’s Capital Campaign
For Immediate Release
Date: April 30, 2018
Dominique Spatafore | 304-624-1620
Clarksburg, WV – Leaders from MVB Bank, Inc. and the Robinson Grand Performing Arts Center gathered at the theater’s construction site this afternoon to recognize and accept a major contribution to the performing arts center’s capital campaign.
MVB Bank has donated $75,000 to the Robinson Grand Performing Arts Center. This significant contribution will help to complete the renovation/construction efforts and provide operational funding for the theater when its doors open in late summer of this year.
“This is not MVB’s first pledge of support toward the Robinson Grand. They have been a long-term partner through helping the City of Clarksburg secure New Market and Historic Tax Credits that helped to reduce the overall construction costs. These crucial credits provided a net gain of $6,550,607 for the project. MVB also assisted with Bond Anticipation Notes (BANS), as well as provided a one-day loan of $10 million, which initiated the credits to make this project a reality,” said Ryan Tolley, Executive Director of the Robinson Grand Performing Arts Center.
“At MVB Bank, we believe there is a renaissance happening in Clarksburg, and we’re excited to be located here in the middle of such positive and important change. The renovation of the historic Robinson Grand will strengthen our community and enhance our quality of life through the arts and the economic impact it will spark. This is the type of project that shows Clarksburg is thinking bigger! From the beginning, we knew we wanted to be involved and were happy to work with City Manager Martin Howe and Assistant City Manager Anthony Bellotte, as well as Mayor Cathy Goings, to assist with securing financing for the project. It has been a thrill to watch the work progressing as we drive by the building each day. As part of MVB’s ongoing commitment to invest in our communities, we are very glad to make a $75,000 donation toward the restoration of this majestic community landmark. MVB also recently launched our new Community Development Corporation (CDC) that we hope will create even more opportunity in our communities for projects like this one,” said Larry F. Mazza, CEO and President, MVB Bank, Inc.
The Robinson Grand is one of North Central West Virginia’s largest economic development projects. Located in Clarksburg’s Central Business District, the center is undergoing a $15 million renovation and restoration. The theater’s Soft-Opening is expected to be held in August 2018, with a Grand-Opening to follow in October 2018. For more information, visit www.TheRobinsonGrand.com.
MVB Financial Corp. is a financial holding company headquartered in Fairmont, W.Va. Through its subsidiary, MVB Bank, Inc., and the bank's subsidiary, MVB Mortgage, the company provides financial services to individuals and corporate clients in the Mid-Atlantic region. The MVB Bank footprint now encompasses 14 total locations, 12 in West Virginia and two in Northern Virginia. For more information about MVB, please visit www.mvbbanking.com.
Editor’s Note: Attached is a high-resolution photo from this afternoon’s event.
Pictured L-R : City Manager Martin Howe, MVB CDC President Herman DeProspero, MVB Regional President John Schirripa, Robinson Grand Executive Director Ryan Tolley, MVB CEO & President Larry Mazza and Mayor Catherine Goings