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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mainstreet Financial Corp (CE) | USOTC:MSFN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
OMB
APPROVAL
|
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM
12b-25
NOTIFICATION OF LATE
FILING
|
OMB
Number: 3235-0058
Expires:
April 30, 2009
Estimated
average burden hours per response . . . 2.50
|
|||||
SEC
FILE NUMBER
000-52298
|
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CUSIP
NUMBER
56064H107
|
(Check
one):
|
x
Form
10-K
|
o
Form
20-F
|
o
Form
11-K
|
o
Form
10-Q
|
o
Form
10-D
|
||
o
Form
N-SAR
|
o
Form
N-CSR
|
||||||
For Period
Ended:
|
December 31,
2008
|
||||||
o
Transition Report on Form
10-K
|
|||||||
o
Transition Report on Form
20-F
|
|||||||
o
Transition Report on Form
11-K
|
|||||||
o
Transition Report on Form
10-Q
|
|||||||
o
Transition Report on Form
N-SAR
|
|||||||
For the Transition Period
Ended:
|
|||||||
Read Instructions (on back page)
Before Preparing Form. Please Print or Type.
Nothing in this form shall
be construed to imply that the Commission has verified any information
contained herein.
|
MainStreet Financial
Corporation
|
Full Name of
Registrant
|
N/A
|
Former Name if
Applicable
|
629 W. State
Street
|
Address of Principal Executive
Office
(Street and
Number)
|
Hastings, Michigan
49058
|
City, State and Zip
Code
|
(a)
|
The reason described in reasonable
detail in Part III of this form could not be eliminated without
unreasonable effort or expense
|
|
x
|
(b)
|
The subject annual report,
semi-annual report, transition report on Form 10-K, Form 20-F,
Form 11-K, Form N-SAR or Form N-CSR, or portion thereof,
will be filed on or before the fifteenth calendar day following the
prescribed due date; or the subject quarterly report or transition report
on Form 10-Q or subject distribution report on Form 10-D, or
portion thereof, will be filed on or before the fifth calendar day
following the prescribed due date; and
|
(c)
|
The accountant’s statement or
other exhibit required by Rule 12b-25(c) has been attached if
applicable.
|
SEC 1344
(05-06)
|
Persons who are to respond to the
collection of information contained in this form are not required to
respond unless the form displays a currently valid OMB control
number.
|
(1)
|
Name and telephone number of
person to contact in regard to this notification
|
||||
James R.
Toburen
|
269
|
945-9561
|
|||
(Name)
|
(Area Code)
|
(Telephone
Number)
|
|||
(2)
|
Have all other periodic reports
required under Section 13 or 15(d) of the Securities Exchange Act of 1934
or Section 30 of the Investment Company Act of 1940 during the preceding
12 months or for such shorter period that the registrant was required to
file such report(s) been filed? If answer is no, identify
report(s).
|
||||
x
Yes
o
No
|
|||||
(3)
|
Is it anticipated that any
significant change in results of operations from the corresponding period
for the last fiscal year will be reflected by the earnings statements to
be included in the subject report or portion
thereof?
|
||||
x
Yes
o
No
|
|||||
If so, attach an explanation of
the anticipated change, both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable estimate of the results
cannot be made.
The Registrant cannot make a
reasonable estimate of the results because, as noted in its response in
Part III, it is still evaluating the extent to which it should recognize
any impairment charges relating to certain investments held in its
securities portfolio, and whether any such charges should be recognized in
the year ended December 31, 2008.
The Registrant has reported losses
in fiscal 2007 and 2006 and will report a loss for fiscal
2008. As economic conditions in the Registrant’s market area
continue to deteriorate and unemployment rates continue to rise, the
Registrant’s non-performing assets, and the costs associated therewith,
continue to increase.
|
Date
|
March 30,
2009
|
/s/ James R.
Toburen
|
||
Name: James R.
Toburen
Title: Senior Vice
President, Treasurer and Chief Financial
Officer
|
ATTENTION
|
||
Intentional misstatements or
omissions of fact constitute Federal Criminal Violations (See 18 U.S.C.
1001).
|
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