FAIRFAX, Va., Nov. 16, 2016 /PRNewswire/ -- MainStreet Bancshares, Inc. (OTCQX: MNSB) named Charles (Chris) Brockett as President of MainStreet Bank and MainStreet Bancshares, Inc. today. As President, Brockett will also hold a seat on the Board of Directors of MainStreet Bank as well as MainStreet Bancshares, Inc.
Brockett most recently held the position of Executive Vice President, Director of Operations at EagleBank. Mr. Brockett held this position beginning in November 2014 (following Eagle Bancorp's completion of its acquisition of Virginia Heritage Bank) until May of 2016. In this role, Mr. Brockett had direct oversight responsibility for all of the retail banking operations, deposit and loan operations, information technology, residential lending operations, marketing, and facilities.
His tenure at Virginia Heritage Bank began in 2004 where he was one of the founding seed investors and worked throughout the initial capital raise, regulatory application, and ultimate opening in November of 2005. He served on the Board of Directors throughout the Bank's existence as well as Chief Financial Officer and in 2010 assumed the role of Chief Operating Officer. A summary of primary duties included oversight of residential lending, credit management, participation on the Officer and Executive Loan Committees, Chair of ALCO, enterprise risk management, compliance, accounting & reporting, budgeting & strategic planning, capital planning, and investment portfolio management, all operation functions, human resources, and facilities. At the time of its acquisition by Eagle Bancorp, Virginia Heritage Bank had grown to approximately $950 million in assets with five branches.
Mr. Brockett spent the majority of his career in banking, having started his banking career in 1980 with First Commercial Bank in Arlington, Virginia. During his nearly 16 years with First Commercial Bank until its sale to United Bankshares in 1995, he held positions of increasing managerial responsibility at the retail level, loan accounting and servicing, operations, consumer lending, commercial lending and Chief Financial Officer. During his tenure at First Commercial, Mr. Brockett also served as a member of the Board of Directors. Mr. Brockett is a licensed Certified Public Accountant in the Commonwealth of Virginia.
QUOTES: "We are thrilled that Chris is joining MainStreet in such an important leadership capacity," said Chairman & CEO Jeff W. Dick. "Chris is an absolute commodity in Northern Virginia, with a very loyal following. I am certain that with the addition of his leadership, we will continue our trend of aggressive growth and revenue diversification."
Brockett adds, "I love community banks and what they stand for. I am a second generation community banker and this business is certainly in my DNA. MainStreet is great fit for my style, and I look forward to being a part of this very successful team. I am very excited about the opportunity and eager to assist in achieving MainStreet's strategic objectives."
ABOUT MAINSTREET BANK: 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. 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 750 businesses in the Metropolitan area.
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.
Contact: Jeff W. Dick
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/chris-brockett-named-president-of-mainstreet-bank-300364336.html
SOURCE MainStreet Bancshares, Inc.