MainStreet Bank is a community bank serving the greater washington d.c. Metropolitan area. The company had $1.65 billion in assets and $189 million in equity at December 31, 2021. The company focuses on using technology to better serve its customer base and provides an elevated personal touch to those who are not as tech savvy.
“The company’s performance has been strong and consistent over the past few years,” said Jeff W.Dick, Chairman and CEO of MainStreet Bancshares, Inc. and MainStreet Bank. “Many of our shareholders have been with us since the very beginning, and the Board of Directors has determined that the time has come to declare a dividend. The Board will review future dividends on a quarterly basis after reviewing the financial condition of the company. and Any subsequent declaration of dividends will be subject to the discretion of the Board of Directors.”
The company recently unveiled Avenu™ — its Banking as a Service (BaaS) platform for fintechs. Avenu™ is an exclusive solution specially designed for the company’s fintech partners. With Avenu™, fintechs can be up and running in as little as 60 days. To learn more, visit the website at Avenue.bank. (The “.bank” domain is recognized as the global platform for growth and innovation in the financial services industry.)
ABOUT MAINSTREET BANK: MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon and Washington DC MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not limited by a conventional branch system, as it can offer business customers the opportunity to Put our bank in your office®. With robust, easy-to-use online business banking technology, MainStreet has “put our bank” into thousands of businesses across the metro area.
MainStreet Bank offers a strong suite of business and professional lending products, including government contractual lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet is also working with the SBA to provide 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue debit cards, MainStreet Bank is always looking for ways to improve the experience of its customers.
MainStreet Bank was the first community bank in the washington d.c. metropolitan area to offer a complete online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS – a solution that provides multi-million dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at MainStreet.bank.
This release contains forward-looking statements, including our expectations regarding future events that are subject to various risks and uncertainties. Statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “could”, “should” , “expects”, “plan”, “project”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “pursue”, “target “, “continue” and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations include: fluctuations in interest rates market and pricing of loans and deposits, adverse changes in the broader national economy as well as adverse economic conditions in our specific market sectors, future impacts of the outbreak of the new cor onavirus (COVID-19), the maintenance and development of well-established and valued customer relationships and referral sources, and the acquisition or loss of key production personnel. We caution readers that the above list of factors is not exclusive. Forward-looking statements are made as of the date of this release, and we may not take steps to update forward-looking statements to reflect the impact of any circumstances or events occurring after the date on which the forward-looking statements are made. In addition, our past operating results are not necessarily indicative of our future performance.
Contact: Debra CopeInvestor Relations(202) 468-3814
SOURCE MainStreet Bancshares, Inc.