Thursday, July 7 2022

Galaxy Award Recognizes Bank’s Community Orientation and Support for Local Businesses

FAIRFAX, Va., April 11, 2022 /PRNewswire/ — MainStreet Bancshares, Inc., (Nasdaq: MNSB) announced that its subsidiary MainStreet Bank has been honored as Outstanding Large Business of the Year by the Dulles Regional Chamber of Commerce.

the $1.7 billion-the asset bank received the Galaxy Award for civic organization, which recognizes outstanding companies of 2021 with 50 or more employees. The award is given to a company that demonstrates excellence in business philosophy and support from the business community, according to the Dulles Regional Chamber of Commerce.

“Since MainStreet Bank opened its doors in 2004, it has been a champion of economic advancement in and beyond our Northern Virginia communities,” said John Boylan, president and CEO of the chamber. “jeff dickPresident and CEO of the bank, shared tremendous energy with the Dulles Regional Chamber of Commerce and was personally invested in its mission upon his arrival.”

In the depths of the pandemic, Boylan noted, the bank sprang into action with its participation in the federal Paycheck Protection Program. Dick chaired and served on the board of the chamber and spearheaded the creation of the Dulles Regional Charitable Fund in 2020, alongside banking client, Terra Site Constructors.

“The Dulles Regional Chamber of Commerce is a vital asset to our business community, and MainStreet Bank is a proud member,” said Dick. “We are honored to be recognized for living our mission as a community bank by providing ongoing support to the individuals, businesses and other organizations that form Northern Virginia rich tapestry.”

Dick noted that the bank’s parent company, MainStreet Bancshares Inc., is taking those efforts to the next level with the creation of MainStreet Community Capital, a new community development subsidiary. MainStreet Community Capital’s goal is to reinvigorate struggling, low-income communities across washington d.c.metropolitan area by providing capital and other financial services.

“The chamber has helped the bank from the very beginning to grow and integrate into the community,” said Katie Tzitzouris, Senior Vice President and Senior Business Banker at MainStreet Bank. “Now the circle is complete as we focus on helping the chamber get its message across.” Tzitzouris, who is in his second term on the chamber’s board, says the bank’s role in establishing the Dulles Regional Charitable Fund laid the groundwork for the creation of the chamber’s Corporate Social Opportunity Committee, which she co-chairs.

MainStreet Bank has been committed to innovation since its inception, when it established itself as a pioneer in online business banking. Since then, the bank has pursued an environmentally friendly “light branch” strategy that gives business customers the opportunity to Put our bank in your office® using robust and easy-to-use online banking technology.

ABOUT MAINSTREET BANK: MainStreet Bank will launch its proprietary Fintech Banking as a Service (BaaS) solution called Avenu™ later this year to provide a comprehensive solution to the Fintech community. Visit Avenu.bank for more information and join the queue.

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. Its early investment in online banking means that the Bank is not limited by a conventional branch system.

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 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 may contain 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: Jeff W.DickCEO
(703) 481-4567

SOURCE MainStreet Bancshares, Inc.

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