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MainStreet Bank (OTCQB:MNSB) ended the first half of 2014 with pre-tax earnings of $817,000 and nearly $316 million in total assets.
“Our loan portfolio has grown nearly 12% since this time last year,” said Chairman, CEO & President Jeff W. Dick. “And our deposit base has grown over 21% during that same time period. Probably the most gratifying metric for us is the continued high quality of our loan portfolio. A close second to that factor is the progress we’ve made to contain costs and improve the overall efficiency of our organization.”
The Bank reports total assets of $315.9 million, gross loans of $249.9 million and total deposits of $288.2 million. The Bank remains very well capitalized.
MainStreet Bank is also announcing later hours for its Clarendon customers. Starting July 14th, the Clarendon branch will be open until 7pm weekdays for greater customer convenience.
MainStreet Bank recently upgraded its mobile App to further improve its customer’s ability to Bank Where You Breathe. 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 card, credit card 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 $50 million.
