News | February 28, 2017

MainStreet Bank Hosts Government Contracting Event

Fairfax, VA /PRNewswire/ - MainStreet Bancshares, Inc. (OTCQX: MNSB) today hosted an event for Government Contractors entitled, "Contracting Opportunities".

Sam Garbia, Partner of NOVA Business Law Group and Director of the firm's Corporate Counsel section spoke on the topic of legal issues in the small business government contracting space. Mr. Garbia regularly advises government contracting clients regarding appropriate business structures. Mr. Garbia's remarks were well-focused and one of the key issues he shared was, "Partnership and teaming is key to small business success in government contracting."

The keynote speaker was Tommy Marks, Director of Small Business Programs for the Office of the Secretary of the Army, Pentagon, Washington DC. Mr. Marks shared his candid remarks with attendees and answered questions. Mr. Marks indicated that, "it is imperative that potential contractors understand and focus on the customer's mission during meetings." He also reminded attendees to, "come to the table with your 'A' game every day you compete."

QUOTES: "Having a keynote like Tommy Marks at our seminar was a real win for MainStreet," said Jeff Satterly, SVP and Head of Government Contract Lending. "Attendees were delighted to have him in such an intimate setting." Satterly also indicated that, "Sam Garbia acts as general counsel for many small government contracting firms and brings an insightful level of knowledge to the table."

Chris Brockett, President of MainStreet stated, "We focus on bringing our government contracting customers together with industry leaders and their peers as often as possible. We recognize our customers have a choice where they do business, so we try to add value where we can."

About MainStreet Bank
MainStreet has an extremely experienced Government Contracting Team who stand ready to assist you with all of your banking needs. 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 9000 businesses in the Metropolitan area. MainStreet operates five branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon. In addition, MainStreet has 55,000 free ATMs and a fully integrated online banking solution.

MainStreet offers a full complement of business and professional lending products, including government contracting lines of credit, commercial lines and term loans, residential and commercial construction and commercial real estate. MainStreet also works with the SBA to offer 7A and 504 lending solutions.

MainStreet recently added a Payments expert and now offers comprehensive third party payment solutions.

From mobile banking and Apple Pay to instant-issue Debit Cards, MainStreet Bank is always looking for ways to improve its customer experience. Additionally, MainStreet 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.

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 multi-million-dollar FDIC insurance. Further information on the Bank can be obtained by visiting its website at mstreetbank.com.

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.

SOURCE: MainStreet Bank

Copyright 2017 PR Newswire. All Rights Reserved