FAIRFAX, Va., March 3, 2022 /PRNewswire/ — MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for Main Street Bankannounced that the company had received an A rating from Egan-Jones Ratings.
MainStreet Bancshares, Inc. Receives an A Investment Rating from Egan-Jones Rating Company
A company rated A by Egan-Jones was assessed as having a high level of creditworthiness with low sensitivity to changes in credit conditions.
MainStreet Bank is a community bank serving the greater washington d.c., Metropolitan area. The Company has $1.65 billion in assets and $189 million in equity at the 31st of December2021. The company is focused on using technology to better serve its customer base and also offers an elevated personal touch to those who are not as tech savvy.
ABOUT MAINSTREET BANK: MainStreet Bank will launch its proprietary Fintech Banking as a Service (BaaS) solution called Avenu™ later this year to provide a comprehensive solution to the Fintech community. Go to Avenu.bank for more information and join the queue.
MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon and Washington DC MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not limited by a conventional branch system, as it can offer business customers the opportunity to Put our bank in your office®. With robust, easy-to-use online business banking technology, MainStreet has “put our bank” into thousands of businesses across the metro area.
MainStreet Bank offers a strong suite of business and professional lending products, including government contractual lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet is also working with the SBA to provide 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue debit cards, MainStreet Bank is always looking for ways to improve the experience of its customers.
MainStreet Bank was the first community bank in the washington d.c. metropolitan area to offer a complete online business banking solution. MainStreet Bank was also the first bank headquartered in the Commonwealth of Virginia to offer CDARS – a solution that provides multi-million dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at MainStreet.bank.
This release may contain forward-looking statements, including our expectations regarding future events that are subject to various risks and uncertainties. Statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Words such as “may”, “will”, “could”, “should” , “expects”, “plan”, “project”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “pursue”, “target “, “continue” and similar expressions are intended to identify such forward-looking statements. Factors that could cause actual results to differ materially from management’s projections, forecasts, estimates and expectations include: fluctuations in interest rates market and pricing of loans and deposits, adverse changes in the broader national economy as well as adverse economic conditions in our specific market sectors, future impacts of the outbreak of the new cor onavirus (COVID-19), the maintenance and development of well-established and valued customer relationships and referral sources, and the acquisition or loss of key production personnel. We caution readers that the above list of factors is not exclusive. Forward-looking statements are made as of the date of this release, and we may not take steps to update forward-looking statements to reflect the impact of any circumstances or events occurring after the date on which the forward-looking statements are made. Further, our past operating results are not necessarily indicative of future performance.
Contact: Jeff W.DickCEO
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SOURCE MainStreet Bancshares, Inc.