MainStreet Bancshares Appoints Alex Vari as CFO Following Thomas Chmelik's Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
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Source: NASDAQ.COM
New CFO Appointment: MainStreet Bancshares, Inc. has appointed Alex Vari as the new chief financial officer, succeeding Thomas Chmelik, who will retire on December 31.
Continued Role for Chmelik: Despite his retirement, Chmelik will remain as Senior Executive Vice President and Secretary of the Bank and Company until December 31, 2027.
Current Position of Vari: Alex Vari is currently serving as the finance chief and Executive Vice President of MainStreet Bank.
Stock Performance: On the day prior to the announcement, MNSB shares closed at $19.43, reflecting a 3.35% increase on the Nasdaq.
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About MNSB
MainStreet Bancshares, Inc. is a financial holding company that owns 100% of MainStreet Bank (the Bank) and MainStreet Community Capital, LLC. The Bank is a community bank focused on serving the borrowing, cash management and depository needs of retail customers, small to medium-sized businesses, and professionals. Its products and services include business and consumer checking, premium interest-bearing checking, business account analysis, savings, certificates of deposit and other depository services, as well as a broad array of commercial, real estate and consumer loans. The Bank offers a range of deposit products that include demand, negotiable order of withdrawal (NOW), money market and savings accounts as well as certificates of deposit. It provides a full range of consumer and commercial deposit products, including online banking with bill pay, cash management, sweep accounts, wire transfer, check imaging, remote deposit capture and courier services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
MainStreet (MNSB) Q1 2025 Earnings Call Transcript
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MainStreet Bancshares Reports Strong Q4 Earnings
- Earnings Performance: MainStreet Bancshares reported a GAAP EPS of $1.76 for Q4, indicating a significant improvement in profitability and reflecting enhanced competitiveness in the market.
- Revenue Growth: The company achieved revenue of $73.57 million in Q4, showing year-over-year growth that underscores steady business expansion and a growing customer base, further solidifying its market position.
- Financial Health: Financial information from MainStreet Bancshares reveals a strong balance sheet that supports future growth strategies and offers stable return potential for shareholders.
- Investor Confidence: Following the earnings report, market confidence in MainStreet Bancshares is expected to rise, likely driving up its stock price and attracting more investor interest in the company's long-term growth potential.
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