MainStreet Bank Reports Sixth Consecutive Year of Profitability

Fairfax, VA – MainStreet Bank (OTCQB: MNSB) reported another profitable year with record net income of just over $1 million. The Bank’s book value per share continues to rise, totaling $9.99 as of December 31, 2013. The closing share price as of December 31, 2013 was $8.10, which was up over 52% from the December 31, 2012 closing share price.

“The bank has been profitable seven out of the ten calendar years we’ve reported earnings,” stated Chairman, CEO & President Jeff W. Dick. “By my book, that’s pretty decent performance – given the severity of the global recession that we endured. Our success continues to be influenced by economic conditions, which of late have been on a slow and steady course of recovery.”

The Bank reports total assets of $277.3 million, gross loans of $226.2 million and total deposits of $250.3 million. The Bank remains very well capitalized.

MainStreet Bank offers a full mobile deposit solution for 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 equipped with the ability to accept donations via debit card, credit card and electronic check. Donations can be made through a unique tool that resides on the customer’s website, email, Facebook, 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 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”, with the tag line, “Bank Where You Breathe®”. With robust and easy-to-use online business banking technology, MainStreet has literally “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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