MVB Financial Corp., the holding company for MVB Bank., announced the acquisition of Chartwell Compliance as a wholly owned subsidiary of MVB Bank.

Headquartered in Bethesda, Md., Chartwell Compliance provides integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management services that include consulting, outsourcing, testing, and training solutions.

Chartwell Compliance will retain its name and mission, and founder Daniel Weiss will remain as president and CEO. As a standalone subsidiary of MVB Bank, Chartwell Compliance will expand its services to both FinTech clients and banks and will be charged to help create and implement strategy and provide compliance resources to aid MVB in carrying out client due diligence.