Jeff Dick
Chairman, CEO & President
MainStreet Bank

I was recently asked an interesting question.  What will be the lasting effects of this "great recession"?

After thinking about it, I decided that the lasting effects would be accidental and unanticipated. 

For example, I recently read an article by Arianna Huffington and Rob Johnson that challenged their readers to move their money from the large banks into community banks. They were suggesting a groundswell effort for the American public to resolve the "too big to fail" concept that our Congress has been unable to accomplish.

The concept is simple yet profound, and doesn't require government intervention. Wouldn't it be something if "We the people" really did step up to provide our own solution?  An accidental and unanticipated solution to a long-standing problem...

As always, we're interested in your thoughts. Give us a call or click here: feedback@mstreetbank.com

Meet MainStreet: McLean Branch Staff

(left to right: David Murrell, Nancy Anvari, Anthony Williams, Sandra Saad, Jon Wilkins )

The McLean Branch, located at 6832 Old Dominion Drive, has been very busy since it opened in December. David Murrell and Jon Wilkins are focused on Business Development. Anthony Williams manages the branch. and Nancy Anvari and Sandra Saad take care of all customer needs.

The staff is excited about the new location and looking forward to servicing all of your banking needs. 

Creative Solutions

With 2009 behind us, it's time to take a hard look at 2010 and make sure your finances are in order.

There are a number of things to consider - short term goals like a family vacation, and long term goals such as retirement.

Many Americans forget to pay themselves. If you have not established a personal savings plan, consider an automatic deduction from your paycheck to be electronically transferred to a savings account.

Maybe your company offers a 401K plan - consider making contributions to that electronically or increasing the contributions you may already make. If you own a small business, how are you saving for retirement? A SEP Plan may make sense for you.

MainStreet Bank can help you achieve these goals. With competitively priced IRA and SEP accounts that are safe and FDIC insured up to $250,000, you can make 2010 a year to start achieving long term savings goals.

By automatically moving money into a savings account with a simple electronic transfer, your short term savings goals can be met. Talk with any of our branch office staff in McLean, Fairfax or Herndon to discuss some options that will help you achieve your goals. Give us a call at (703) 481-4567  to discuss the possibilities.

StreetSmart

Of course you already know that MainStreet has over 37,500 FREE ATMs nationwide.  And, you know that you can go on our website to locate the nearest ATM.  But wait, there's more...

Now you can download an App for your iPhone or Blackberry to automatically locate the nearest FREE Allpoint ATM.  You can download the App from our website at mstreetbank.com.

MainStreet Answers

Q. What is "too big to fail"?

A. "Too Big to Fail" is a phrase referring to the idea that in economic regulation, the largest and most interconnected businesses are so large that a government cannot allow them to declare bankruptcy because said failure would have a disastrous effect on the overall economy.