MainStreet Bank Reports a Profitable Third Quarter

Fairfax, Va. – MainStreet Bank (OTCQB:MNSB) reported a profitable third quarter with year-to-date net income of $606,000. The Bank’s book value per share continues to rise, totaling $9.73 as of September 30, 2013. The closing share price as of September 30, 2013 was $7.90, which was up 75% from the September 30, 2012 closing share price.

“The bank is doing well. Earnings for 2013 are fair and we are on a course to realize good earnings in 2014 and beyond,” stated Chairman, CEO & President Jeff W. Dick. “Our success is influenced by economic conditions, which of late have been on a slow and steady course of recovery.

The Bank reports total assets of $271.5 million, gross loans of $219.6 million and total deposits of $245 million. The Bank remains very well capitalized.

MainStreet Bank now offers mobile deposits through iPhone and Android smartphones. Additionally, the Bank offers a proprietary fundraising solution called Aircharity® . Aircharity® gives organizations and individuals the ability to open an account that comes standard with the ability to accept debit card, credit card and electronic check donations. Donations can be made through a unique tool that resides on the customer’s website, email, or any other form of social media. The Bank has opened relationships for Boys Town, the American Red Cross, the Leukemia and Lymphoma Society, Active Minds, Boys and Girls Clubs of Greater Washington, and many individuals. Please visit to learn more or to donate to one of the many charities using Aircharity®.

MainStreet operates branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon. In addition, MainStreet has 55,000 free ATMs and an online banking solution called “airbanking”, with the tag line, “Bank Where You Breathe®“. With a robust and easy-to-use online business banking technology, MainStreet has “put our bank” in well over 500 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 annual reports. 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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