MainStreet Bank Reports 223% Increase in Profitability

Herndon, VA — MainStreet Bank (OTC Bulletin Board: MNSB) reported year-to-date net income of $1.1 million for the nine months ended September 30, 2011, in comparison to $346 thousand through
September 30, 2010. The book value is $9.80 per share as of September 30, 2011. The closing price on that same date is $5.25, which approximates 54% of book value.

The bank’s balance sheet continues on a positive growth track, with total assets at $265 million. Gross loans are now at $199 million and total deposits are at $232 million.

Chairman, President & CEO Jeff W. Dick said, “We are very pleased with our year-to-date financial performance. We are actively pursuing new loan opportunities; which has proven to be a formidable task in this economy. And, while the bank is doing well in these challenging economic times, we remain cautious about the economy as a whole.”

“As a community bank, we only thrive when our customers and communities do the same, so taking care of our customers and looking out for the best interest of our community is ingrained in the way we conduct our business each and every day. And when our customers call us, they’ll be reassured to know that they won’t be talking to someone halfway across the globe. Instead, they will be talking with their community banker who lives and works in the same community they do.”

MainStreet operates branches in Herndon, Fairfax City, McLean and Clarendon. In addition, MainStreet has an online banking solution called

With a robust and easy-to-use online business banking technology, MainStreet has “put our bank” in well over 400 businesses in the Metropolitan area and across the United States. The bank is not restricted by a conventional branching system, as it can offer business customers the ability to Put Our Bank in Your Office ® .

MainStreet Bank was the first community bank in the Washington, DC Metropolitan area to offer a full online business banking solution. MainStreet Bank was also the first bank headquartered in the
Commonwealth of Virginia to offer CDARS – a solution that provides FDIC insurance on deposits up to $50 million. Further information on the Bank can be obtained by visiting its website at

This release contains forward-looking statements, including our expectations with respect to future events, that are subject to various risks and uncertainties. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations include: fluctuation in market rates of interest and loan and deposit pricing, adverse changes in the overall national economy as well as adverse economic conditions in our specific market areas, maintenance and development of well-established and valued client relationships and referral source relationships, and acquisition or loss of key production personnel. Other risks that can affect the Bank are detailed from time to time in our quarterly and annual reports filed with the Board of Governors of the Federal Reserve System. We caution readers that the list of factors above is not exclusive. The forward-looking statements are made as of the date of this release, and we may not undertake steps to update the forward-looking statements to reflect the impact of any circumstances or events that arise after the date the forward-looking statements are made. In addition, our past results of operations are not necessarily indicative of future performance.

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