Jeff Dick
Chairman, CEO & President
MainStreet Bank

The 2010 Financial Reform Bill was signed into law last week.

"Reform" means to repair, restore, or correct.  I can't help but think that somewhere in the process, our Congress forgot what it was they were trying to "correct".

Now I doubt whether anybody disagrees with the fact that financial reform was necessary.  But, the more than 2,200 page Bill, which will require over 550 new regulations as well as changes to many existing regulations missed the mark. 

Let's hope that clearer heads will prevail in time.  In the interim, we could see a general tightening of consumer and business credit, a much less efficient bond market, and a much more personally intrusive consumer system, among many, many other changes.

Nevertheless, we'll do everything we can at MainStreet to ensure that our customers continue to receive the highest of quality products and services without disruption.

I did determine that there was one group of winners - the Walmart's of the world.  Perhaps they could pass enough of their savings along to their customers to save us all?

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

Meet MainStreet

Sharon Ricciardi is a small business entrepreneur.  She joined MainStreet Bank as a Relationship Manager in 2007. 

Sharon's 17 years of experience running a family restaurant and 5 years in commercial real estate in Fairfax has provided her with a well diversified small business background.  And Sharon has translated that background to be a true asset for her clients. 

The relationship Sharon delivers includes an ability to understand the needs and desires of small business owners and translate them into providing a perfect mix of banking products and services.    

When asked what she likes about MainStreet, Sharon said, “I can go directly to my CEO, or whoever I need to within the bank in order to resolve an issue or customize a service for my client, which is something that doesn't happen at a large bank.”

Click here to email Sharon, or call her at (703) 218-5176

Creative Solutions

Safe deposit boxes have stood the test of time as one of the safest way to store your most valuable, irreplaceable items that you own.

With sizes ranging from 3x5 to 10x10, we have the safe deposit box to fit your needs.

Whether it might be your child's birth certificate or your own, stocks or bonds,or family heirlooms, stop by our McLean or Herndon branch and let us secure your priceless belongings.

StreetSmart

Receiving your monthly statements by mail is quickly becoming a thing of the past.  Electronic statements are the most efficient way to receive your bank statements. 

eStatements can't be misfiled or lost, and saving or archiving your statements is easy.  It's the green solution to receiving statements. 

Log in to your online banking account and select the "eStatements" link, or contact connect@mstreetbank.com to start receiving your eStatements.

MainStreet Answers

Q. Do you think that social media and banking will be able to coexist?

A.  Yes, there is no doubt that there will be a social banking world developing in the near future.  More and more consumers want to participate and join social websites like Facebook or Twitter. 

Banking is a necessity for nearly all consumers.  Combining the two will match up a consumer want and need.  The bridging of the gap between the two will take some time, but social banking is coming soon.