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David Cordingley Joins MainStreet Bank

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FAIRFAX, Va., Oct. 26, 2012 /PRNewswire/ -- MainStreet Bank (OTC Bulletin Board: MNSB) reported that veteran banker David Cordingley has joined the Bank as a Senior Vice President with the commercial lending team.

(Photo: http://photos.prnewswire.com/prnh/20121026/PH01212 )

Mr. Cordingley has been involved in a leadership capacity in several community banks in Northern Virginia throughout his career. He currently holds a seat on the Board and Executive Committee of the Dulles Regional Chamber of Commerce.  He also holds a seat on the Board of the Northern Virginia Transportation Alliance. Mr. Cordingley is a member of Leadership Fairfax and the Economic Development Committee of the Committee for Dulles.  He is a prior Director of the Fairfax County Chamber of Commerce.

Chairman, CEO & President Jeff W. Dick said, "I've known Dave for many years now, and we are extremely fortunate that he has made the decision to join our team.  Dave is well respected in the business community and I'm certain that he will bring many significant business opportunities to the Bank.  In addition, we look forward to gaining the benefit of all of his years of experience and wisdom."

Cordingley stated, "MainStreet Bank's culture of innovation is what intrigued me most as I explored this new opportunity.  To be affiliated with a community bank that has all the tools and technology that you would find in the largest and most sophisticated banks in the country is a big win for my customers.  I look forward to working with the MainStreet Bank team."

MainStreet Bank recently introduced a new account called aircharity®.  aircharity® is a complete fundraising solution for organized charities as well as groups and individuals who are raising money for any cause. To learn more about aircharity®, visit airbanking.com/aircharity.  

MainStreet operates branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon.  In addition, MainStreet has 50,000 free ATMs across the United States and an online banking solution called airbanking.com.  With a robust and easy-to-use online business banking technology, MainStreet has "put our bank" in well over 450 businesses in the Metropolitan area and across the United States.  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®.   

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.  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 quarterly and annual reports filed with the Board of Governors of the Federal Reserve System.  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. 

Contact: Jeff W. Dick  
(703) 481-4567

SOURCE MainStreet Bank



RELATED LINKS
http://www.mstreetbank.com

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