MainStreet Bancshares, Inc. Announces CFO Planned Retirement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
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Should l Buy MNSB?
Source: PRnewswire
CFO Transition: Thomas J. Chmelik will retire as Chief Financial Officer of MainStreet Bancshares, Inc. on December 31, 2025, but will remain as Senior Executive Vice President and Secretary until December 31, 2027.
New Leadership: Alex Vari, currently the CFO of MainStreet Bank, is set to assume the role of Company CFO following Chmelik's retirement, having been prepared for this transition over the past several years.
Company Background: MainStreet Bancshares, Inc. is a small-cap financial holding company that owns MainStreet Bank, a community bank based in Fairfax, Virginia, known for its innovative banking solutions and extensive lending products.
Forward-Looking Statements: The announcement includes forward-looking statements regarding the company's expectations and potential risks, emphasizing the uncertainty of future events and market conditions.
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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.
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- Community Engagement Commitment: Chairman Jeff W. Dick stated that opening this branch is not just about business expansion but also about integrating into a community that values tradition and land conservation, aiming to provide the financial support the town deserves.
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- Branch Opening: MainStreet Bank has opened a new branch at 10 North Pendleton Street in Middleburg, marking its official entry into Virginia's Hunt Country, which demonstrates the bank's commitment to the local community and its values.
- Community Engagement: Chairman Jeff W. Dick emphasized that Middleburg is not just a location but a legacy, and the bank aims to support local traditions and land conservation through quality financial services, thereby strengthening community ties.
- Team Expertise: The new branch features a seasoned team led by business banker Devon Porter and commercial lender Blair Horne, showcasing MainStreet Bank's dedication to personalized service and its intent to build strong relationships within the community.
- Technological Edge: MainStreet Bank was the first in the Washington, D.C. area to offer a comprehensive online business banking solution, boasting over 55,000 free ATMs, and is committed to enhancing customer experience through innovative technology, further solidifying its market position.
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- Branch Opening: MainStreet Bank has opened a new branch at 10 North Pendleton Street in Middleburg, Virginia, marking its official entry into the historic Hunt Country and demonstrating its commitment to the local community.
- Community Engagement Commitment: Chairman Jeff W. Dick stated that opening this branch is not just about business expansion but also about integrating into a community that values tradition and land conservation, aiming to provide the financial support the town deserves.
- Local Team Advantage: The new branch is operated by a seasoned local team, including business banker Devon Porter and commercial lender Blair Horne, emphasizing the bank's strength in delivering personalized service.
- Technological Innovation and Service: MainStreet Bank offers over 55,000 free ATMs and a fully integrated online and mobile banking solution, committed to enhancing customer experience through advanced technology, thereby solidifying its market position.
See More
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- 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.
See More
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- Leadership Experience Transfer: Chmelik's extensive background in community banking, having served as CFO for multiple successful banks, positions Vari, who has gained investor interaction experience under Chmelik's mentorship, to maintain high standards of financial transparency.
- Banking Business Model: MainStreet Bank operates a branch-lite model with six full-service centers in the Washington, D.C. area, offering a diverse range of commercial lending products that enhance its competitiveness in the small business financing market.
- Market Positioning: As a Nasdaq-listed company trading on the Russell 2000 index, MainStreet Bancshares holds an
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