MainStreet Connection - October 2008

Jeff Dick
President and CEO
MainStreet Bank

Do we look different?
We will - On October 14th. That’s the day we re-launch the MainStreet Bank Web site. I’d like to personally invite you to pay us a visit. Tell us what you think of our fresh new look, navigation, and all the brand-new ways we can help you connect with the right accounts, banking services, CDs, and loans.

What isn't new, of course, is MainStreet itself. True, in the five years since we started, Web technology and design have changed dramatically. So has the economy. As an independent community bank, we’ve always run MainStreet ethically, conservatively and in keeping with our customers’ best interests.

For example, as the market grows riskier, the media is starting to give more attention to CDARS - a program to insure your deposits over the standard FDIC limit (now $250,000 through 12/31/2009). MainStreet Bank has offered CDARS since we opened in 2004, and from monthly statements to one-point management of all your federally insured accounts up to $50 million, no one offers a better CDARS program than MainStreet.

So remember that while we’re putting the latest technology behind our new site -and our robust online banking services - we’re still the same MainStreet: a safe, ethical independent community bank you can continue to count on. Feedback@mstreetbank.com

Meet MainStreet -Mariana Quackenbush

Relationship manager Mariana Quackenbush has lived in Australia, Panama, Costa Rica and the U.S. She’s been with MainStreet Bank since the beginning. In fact, she has more than a decade of experience in banking and actually worked with founders Jeff Dick and Tom Chmelik before they even opened MainStreet’s doors in 2004.

“I am so proud to be part of a bank that has made the right decisions since day one.” Mariana deeply believes in MainStreet’s mission to make banking simple, accountable and truly customer-focused. “Today,” she notes, “not only is MainStreet rock-solid, so are our relationships with customers. That makes such a difference, especially right now with so many people wondering who they can trust.”

“I really know our products and I really know our customers.” Mariana’s knowledge is a refreshing difference from personnel at other banks, according to many new MainStreet Bank customers. As the market grew more volatile, they tried to obtain information about the FDIC-insured CDARS programs at other banks, but that no one at those banks could ever adequately explain how it worked. When they called MainStreet, they got Mariana - and “she made the process simple.”

Mariana would love to make things simple for you, too. If you’d like to learn more about anything from CDARS to checking accounts or any other bank services, just give her a call at the Herndon office: (703) 481-4548.

Creative Solutions

Thanks to the CDARS program (Certificate of Deposit Account Registry Service) you can still enjoy FDIC protection for amounts over $250,000.

The CDARS program is a solid way to protect your 401(k) rollovers or other major savings. CDs also keep organizations’ money safe until it’s needed. For example, a CD is ideal for homeowners’ associations that want to earn interest on money earmarked for an improvement project several months down the road. Here are 5 ways to avoid money worries - and paperwork nightmares - with a MainStreet CDARS account:

Your money is safe: Through CDARS, the FDIC insures your deposits for up to $50 million.
One point of contact: There’s no need to sort through multiple CD statements from different banks - we provide one monthly statement for all your CDs.
Monthly statements: Some banks only issue annual CD statements. Our monthly CDARS statements are vital in today’s economy because you want to know what’s going on with your CDs and the interest you are earning.
One consolidated 1099 at the end of the year: You can have your taxes prepared without having to wait for an armful of individual statements to arrive.
Better protection against identity theft: Date of birth, Social Security Number, and other personal data are maintained only by MainStreet - far more secure than having sensitive information on file with multiple banks.

Interested in learning more about CDARS? Call (703) 218-5160 or (703) 481-4567.

StreetSmart - High CD rate just for our eNewsletter readers

MainStreet saves you time and gas with free ATMs located everywhere you already shop — including stores like Giant, Target, CVS and now 7-Eleven.
With 37,500 free ATMs nationwide, log on to our Web site and find your nearest free ATM, or just look for the Allpoint logo.

MainStreet Answers

Q. Do I need to do anything to qualify for the FDIC's recent increase in deposit insurance?
A. There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic. To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits.

The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits: