MainStreet Bank Promotes Tom Floyd to Executive Vice President

About this update from Mainstreet Bancshares, Inc.

[{"type":"text","content":"Chief Lending Officer Recognized for Breadth of Leadership Contribution\nFAIRFAX, Va., Dec. 13, 2023 /PRNewswire/ -- MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, promoted Tom Floyd to Executive Vice President. Floyd remains the Bank's Chief Lending Officer.\n\n \n \n \n \n \n \n\n \n\"Time and again, Tom demonstrates himself to be a perceptive and disciplined business lender.\"The promotion underscores Floyd's achievements as a farsighted strategist at the $2 billion-asset Bank. Floyd, previously a Senior Vice President, oversees a team of seasoned lenders and a $1.7 billion loan portfolio. He maintains a keen focus on cultivating client success through smart lending strategies and has played a pivotal role in positioning both the Bank and its clients to navigate changing interest rate dynamics. \n\"Time and again, Tom demonstrates himself to be a perceptive and disciplined business lender,\" said Jeff W. Dick, Chairman and CEO of the Bank and its holding company. \"His contribution is felt across the Bank. He is passionate about cultivating clients and exceeding their needs, and he sets the pace for our lenders by modeling excellence in every facet of the lending process. Tom is moving up to the most senior level of leadership at the Bank because he is trusted for his insights and his actions.\"\nAbdul Hersiburane, President of MainStreet Bank, noted Floyd's critical role in devising strategies that benefit both the Bank and its borrowers. \"Using interest rate swaps, Tom and his team enabled many borrowers to lock in desirable long-term fixed-rate loans while generating equally desirable floating-rate returns for the Bank,\" Hersiburane said. \"Now, as interest rates peak with future potential for a declining rate environment, he is helping borrowers take advantage of the possibility of lower interest rates.\"\nFloyd has worked in banking across the Washington metropolitan area for more than 16 years and has been with MainStreet Bank since 2013. He has consistently been one of MainStreet Bank's top performing lenders, with a special focus on real estate and construction lending.\n\"I'm honored by the trust that the executive leadership of MainStreet Bank continues to place in me,\" said Floyd. \"Our team is relentlessly committed to meeting diverse credit needs by understanding t...

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