Chief Lending Officer Recognized for Breadth of Leadership
Contribution
FAIRFAX, 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.
"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.
"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."
Abdul 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."
Floyd 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.
"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 the whole customer. There's nothing more satisfying
for me as a lender than to watch our clients grow and thrive."
Floyd earned a Bachelor of Science in finance from Virginia Tech. He is also a graduate of the
Virginia Bankers Association School of Bank Management.
ABOUT MAINSTREET BANK: MainStreet 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.
MainStreet 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.
MainStreet Bank was the first community bank in the Washington, D.C., 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 solution that
provides multi-million-dollar FDIC insurance. Further information
on the Bank can be obtained by visiting its website at
mstreetbank.com.
This release contains forward-looking statements, including
our expectations with respect to future events that are subject to
various risks and uncertainties. The statements contained in this
release that are not historical facts are forward-looking
statements as defined in the Private Securities Litigation Reform
Act of 1995. Words such as "may," "will," "could," "should,"
"expect," "plan," "project," "intend," "anticipate," "believe,"
"estimate," "predict," "potential," "pursuant," "target,"
"continue," and similar expressions are intended to identify such
forward-looking statements. Factors that could cause actual results
to differ materially from management's projections, forecasts,
estimates and expectations include: fluctuation in market rates of
interest and loan and deposit pricing, adverse changes in the
overall national economy as well as adverse economic conditions in
our specific market areas, future impacts of the novel coronavirus
(COVID-19) outbreak, maintenance and development of
well-established and valued client relationships and referral
source relationships, and acquisition or loss of key production
personnel. We caution readers that the list of factors above is not
exclusive. The forward-looking statements are made as of the date
of this release, and we may not undertake steps to update the
forward-looking statements to reflect the impact of any
circumstances or events that arise after the date the
forward-looking statements are made. In addition, our past
results of operations are not necessarily indicative of future
performance.
Contact: Debra Cope
(202) 468-3814
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SOURCE MainStreet Bank