Business
MainStreet Bancshares, Inc. Receives Investment Grade Rating from Egan-Jones
FAIRFAX, Va., March 3, 2022 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, announced the company
About this update from Mainstreet Bancshares, Inc.
[{"type":"text","content":"FAIRFAX, Va., March 3, 2022 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, announced the company has received an investment grade rating of A from Egan-Jones Ratings Company. \n\n \n \n \n \n \n \n\n \nMainStreet Bancshares, Inc. receives an investment grade rating of A from Egan-Jones Rating CompanyA company that is rated A by Egan-Jones has been assessed as having a high level of creditworthiness with low sensitivity to evolving credit conditions.\nMainStreet Bank is a community bank that serves the greater Washington D.C., metropolitan area. The Company has $1.65 billion in assets and $189 million in stockholders' equity as of December 31, 2021. The Company is focused on using technology to best serve its customer base, and also offers a high personal touch to those who aren't as comfortable using technology.\nABOUT MAINSTREET BANK: MainStreet Bank will launch its proprietary Fintech Banking as a Service (BaaS) solution called Avenu™ later this year to provide a comprehensive solution for the Fintech community. Go to Avenu.bank for more information and to join the queue. \nMainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington D.C. MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile 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 \"put our bank\" in thousands of businesses in the metropolitan area.\nMainStreet Bank has a robust line 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. From sophisticated cash management to enhanced mobile banking and instant-issue Debit Cards, MainStreet Bank is always looking for ways to improve our customer's experience. \nMainStreet 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 ...