Main Street Banks Elects Hay Chief Executive Officer in Planned Management Transition

Main Street Banks Elects Hay Chief Executive Officer in Planned
Management Transition 


ATLANTA, Sept. 8  /PRNewswire-FirstCall/ -- Edward C. Milligan, chairman and
chief executive officer of Main Street Banks, Inc. (NASDAQ:MSBK), announced
that the board of directors elected Samuel B. Hay III to the position of chief
executive officer of the company effective January 1, 2005. Hay, 41, has served
as chief operating officer of the company since 2000 and as president since
2002.  He will continue to serve as chief executive officer of Main Street
Bank, the company's principal operating subsidiary.

Milligan, 60, has served as the company's chief executive officer since 1996
and as chairman of the board since 2002.  He will continue to serve as chairman
of the board of the company and of Main Street Bank.  Milligan said, "This
transition and its timing have been long-planned and anticipated in our
company's management succession plan, and we are extremely fortunate to have a
banker of Sam Hay's caliber within the company to assume the position of CEO. I
am confident that he will provide outstanding leadership to our growing
company."

Hay is a graduate of Davidson College and received his Master of Business
Administration degree from the University of North Carolina at Chapel Hill. Hay
said, "I have never been more excited about the future of Main Street Banks. 
We have tremendous depth and growth opportunity as a company, and I look
forward to continuing the long tradition of high performance and vibrant growth
that has been established under Ed Milligan's leadership.  We are fortunate
that Ed will continue to play a significant leadership role as chairman of the
company, and that we will be able to rely on his wisdom and foresight far into
the future."

Milligan received his Bachelor of Business Administration degree from the
University of Georgia and is a graduate of The Stonier Graduate School of
Banking, Rutgers University.

About Main Street

Main Street Banks, Inc., a $2.1 billion asset, community-banking organization
based in metropolitan Atlanta, provides a broad range of banking, brokerage,
insurance, and mortgage products and services through its 23 banking centers
located in eighteen of Georgia's fastest growing communities. Main Street is
the largest and highest performing community banking company in the greater
Atlanta area. 

DATASOURCE: Main Street Banks, Inc.



CONTACT:  Edward C. Milligan, Chairman & CEO, [phone], or Samuel

B. Hay III, President & COO, [phone], both of Main Street Banks



Web site:  http://www.mainstreetbank.com/ 

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