MainStreet Bank Reports Record Performance

Fairfax, VA – MainStreet Bank (OTCQB: MNSB) ended the first nine months of 2014 with net income of $1.17 million, almost double the level reported for the first nine months of 2013.

“It feels like small business is back in business,” said Chairman, CEO & President Jeff W. Dick. “New loan opportunities are coming to us at a great pace. Our loan portfolio has grown 16.5% over the same period last year. This solid performance trend is the impetus we need to get our share price trading where it ought to be.” The book value of a share of MainStreet Bank stock is $10.39, and it is currently trading in the $8 range.

The Bank reports total assets of $322 million, gross loans of $256 million and total deposits of $288.4 million. The Bank remains very well capitalized. Loan quality remains very strong.

“I’ve been with this bank since day one,” said Director and Hall of Famer Darrell Green. “The quality of care MainStreet provides to its customer base is phenomenal. At our core, we are a traditional community bank, but the game changer is our technology. This mix of personal service and technology is working well, and you can see by the numbers that we’re really coming into our stride.”

MainStreet Bank recently released an iPad App to complement its mobile App for iPhones and Androids. Additionally, MainStreet Bank released Aircharity® in 2012. Aircharity® is a unique solution that empowers people and organizations to raise money via email, websites and social media. The product allows a customer to open an account and accept donations from debit cards, credit cards and electronic checks. The Bank has opened relationships for the Red Cross, the Leukemia and Lymphoma Society, Active Minds, St. Jude’s, The Boys and Girls Club of Greater Washington, and many others. Visit aircharity.net to learn more.

MainStreet operates five branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon. In addition, MainStreet has 55,000 free ATMs and an online banking solution called “airbanking®”. 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®. With robust and easy-to-use online business banking technology, MainStreet has literally “put our bank” in well over 600 businesses in the Metropolitan area and across the United States.

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 $55 million. Further information on the Bank can be obtained by visiting its website at mstreetbank.com .

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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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