MainStreet Bancshares (MNSB) Registration Filing summary

Company overview and business model

• Bank holding company based in Virginia, owning 100% of MainStreet Bank and MainStreet Community Capital, LLC.

• Operates six branches in Northern Virginia and Washington, D.C., focusing on retail, small to medium-sized businesses, and professionals.

• Emphasizes local decision-making, personalized service, and advanced banking technology to compete with larger institutions.

• First community bank in the D.C. area to offer full online business banking and innovative deposit insurance solutions.

• Approved to list common stock and depositary shares on Nasdaq under symbols "MNSB" and "MNSBP".

Financial performance and metrics

• As of June 5, 2024, aggregate market value of common stock held by non-affiliates was $111,379,977 at $16.15 per share.

• Registration statement covers up to $125,000,000 in securities, including common stock, preferred stock, depositary shares, debt securities, warrants, and units.

Use of proceeds and capital allocation

• Net proceeds intended for general corporate purposes, including capital contributions to the bank, debt repayment, potential acquisitions, and investments in permitted activities.

• Proceeds may be temporarily invested in securities or used to pay down borrowings.