FAIRFAX, Va., Sept. 24, 2019 /PRNewswire/ — MainStreet Bancshares, Inc. (Nasdaq:MNSB), the parent company of MainStreet Bank, has been named to the Sandler O’Neill + Partners, L.P. Sm-All Stars Class of 2019. MainStreet was one of 30 publicly traded banks and thrifts in the United States – and the only bank headquartered in Virginia – to be included in the publication.
According to the recent Sandler O’Neill + Partners, L.P. publication, the Sm-All Stars list is produced annually “to identify the top performing small-cap banks and thrifts in the country. In doing this, we hope to uncover the next crop of stellar mid-cap banks before they are discovered by the rest of the world.”
To earn Sm-All Star status, companies need to have a market capitalization below $2.5 billion, a category that includes 401 depository institutions nationally. Companies were selected based on various financial screening criteria, including growth, profitability, credit quality and capital strength.
“We are honored to be selected for the Sandler O’Neill + Partners, L.P. Sm-All Stars,” said MainStreet Bancshares, Inc. Chairman & CEO Jeff W. Dick. “This prestigious recognition is important because it highlights the hard work and accomplishments of our dedicated team at MainStreet Bank.”
The recognition places MainStreet in the top 7% of banks nationwide in terms of performance. “The performance metrics of the remaining 30 institutions are outstanding, with the Class of 2019 delivering bottom line results that are markedly better than the industry as a whole,” according to the Sandler O’Neill + Partners, L.P. publication.
About MainStreet Bancshares, Inc.
MainStreet Bancshares, Inc. is the parent company of MainStreet Bank, its primary and wholly owned subsidiary. MainStreet Bank provides financial services to businesses, professionals and consumers at six branches throughout Northern Virginia and before year-end in the District of Columbia. MainStreet Bank provides community-oriented commercial banking services, including deposit accounts, loans, online and mobile services.
This press release contains “forward-looking statements,” which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. Due to various factors, actual results may differ materially from our forward-looking statements. Factors that could cause our actual results to differ materially from our forward-looking statements are described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors” and ” Supervision, Regulation and Other Factors” in the Company’s Registration Statement on Form 10,,as filed with the Securities and Exchange Commission (the “SEC”) on February 15, 2019, as amended, and in other documents subsequently filed by the Company with the SEC, , available at the SEC’s website, http://www.sec.gov, and the Company’s website, www.mstreetbank.com.
To the extent that statements in this press release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as “may,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology.
Forward-looking statements represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they do not guarantee future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. All information is as of the date of this press release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.
Contact: Jeff W. Dick
SOURCE MainStreet Bancshares, Inc.