MainStreet Bank Brightens Holidays by Empowering Students to Succeed
MainStreet Bancshares, Inc. (Nasdaq: MNSB) has demonstrated its community commitment through its Making Change employee-directed giving program, launched in March 2023. The program allows full-time employees to direct $1,000 to causes they choose, with 27% of donations supporting local schools and education programs. Notable achievements include $75,000 donated to educational initiatives, a $32,000 scholarship fund for Prince William County Public Schools, and a $7,500 donation supporting Fairfax High School DECA students.
The bank, with $2.2 billion in assets, recently launched its Avenu Banking-as-a-Service (BaaS) solution on October 1, 2024, expanding its digital banking capabilities. MainStreet Bank operates with six full-service centers and maintains an investment grade rating of 'A' from Egan-Jones Rating Company.
MainStreet Bancshares, Inc. (Nasdaq: MNSB) ha dimostrato il suo impegno verso la comunità attraverso il programma Making Change, lanciato a marzo 2023. Questo programma consente ai dipendenti a tempo pieno di indirizzare $1.000 a cause a loro scelta, con il 27% delle donazioni a sostegno di scuole locali e programmi educativi. Tra i risultati più significativi ci sono stati 75.000 dollari donati a iniziative educative, un fondo per borse di studio di 32.000 dollari per le scuole pubbliche della contea di Prince William, e una donazione di 7.500 dollari a sostegno degli studenti DECA della Fairfax High School.
La banca, con 2,2 miliardi di dollari in attivo, ha recentemente lanciato la sua soluzione Avenu Banking-as-a-Service (BaaS) il 1° ottobre 2024, ampliando le sue capacità di banking digitale. MainStreet Bank opera con sei centri di servizio completo e mantiene un rating di investimento 'A' dalla Egan-Jones Rating Company.
MainStreet Bancshares, Inc. (Nasdaq: MNSB) ha demostrado su compromiso con la comunidad a través de su programa de donaciones dirigido por empleados Making Change, lanzado en marzo de 2023. Este programa permite a los empleados a tiempo completo dirigir $1,000 a causas de su elección, con el 27% de las donaciones apoyando escuelas locales y programas educativos. Entre los logros más destacados se incluyen $75,000 donados a iniciativas educativas, un fondo de becas de $32,000 para las Escuelas Públicas del Condado de Prince William, y una donación de $7,500 que apoya a los estudiantes DECA de la Fairfax High School.
El banco, con $2.2 mil millones en activos, lanzó recientemente su solución Avenu Banking-as-a-Service (BaaS) el 1 de octubre de 2024, ampliando sus capacidades de banca digital. MainStreet Bank opera con seis centros de servicio completo y mantiene una calificación de grado de inversión 'A' de Egan-Jones Rating Company.
MainStreet Bancshares, Inc. (Nasdaq: MNSB)는 2023년 3월에 시작된 Making Change 직원 주도 기부 프로그램을 통해 지역 사회에 대한 헌신을 보여주었습니다. 이 프로그램은 정규직 직원들이 자신이 선택한 원인에 $1,000을 기부할 수 있도록 하며, 기부금의 27%는 지역 학교 및 교육 프로그램을 지원합니다. 주목할 만한 성과로는 교육 이니셔티브에 $75,000가 기부되었고, 프린스 윌리엄 카운티 교육청을 위한 $32,000 장학금 기금과 페어팩스 고등학교 DECA 학생들을 지원하는 $7,500의 기부가 포함됩니다.
자산이 $2.2억인 이 은행은 2024년 10월 1일에 Avenu Banking-as-a-Service (BaaS) 솔루션을 출시하여 디지털 은행 서비스를 확장했습니다. MainStreet Bank는 6개의 종합 서비스 센터에서 운영되며 Egan-Jones Rating Company로부터 'A' 신용 등급을 유지하고 있습니다.
MainStreet Bancshares, Inc. (Nasdaq: MNSB) a fait preuve de son engagement communautaire au travers de son programme de dons dirigé par les employés Making Change, lancé en mars 2023. Ce programme permet aux employés à temps plein d'orienter 1 000 $ vers des causes de leur choix, dont 27 % des dons soutiennent des écoles locales et des programmes éducatifs. Parmi les réalisations notables, on trouve 75 000 $ donnés à des initiatives éducatives, un fonds de bourses de 32 000 $ pour les écoles publiques du comté de Prince William, et un don de 7 500 $ soutenant les étudiants DECA de la Fairfax High School.
La banque, avec 2,2 milliards $ d'actifs, a récemment lancé sa solution Avenu Banking-as-a-Service (BaaS) le 1er octobre 2024, élargissant ses capacités bancaires numériques. MainStreet Bank fonctionne avec six centres de service complet et maintient une note de qualité d'investissement de 'A' de la part de Egan-Jones Rating Company.
MainStreet Bancshares, Inc. (Nasdaq: MNSB) hat sein Engagement für die Gemeinschaft durch sein Making Change von Mitarbeitern geleitetes Spendenprogramm, das im März 2023 gestartet wurde, unter Beweis gestellt. Dieses Programm ermöglicht es Vollzeitmitarbeitern, $1.000 an selbst gewählte Zwecke zu spenden, wobei 27% der Spenden lokale Schulen und Bildungsprogramme unterstützen. Zu den bemerkenswerten Leistungen gehören 75.000 Dollar, die für Bildungsinitiativen gespendet wurden, ein 32.000 Dollar Stipendienfonds für die öffentlichen Schulen des Prince William County und eine 7.500 Dollar Spende zur Unterstützung der DECA-Schüler der Fairfax High School.
Die Bank, die über 2,2 Milliarden Dollar an Vermögenswerten verfügt, hat kürzlich am 1. Oktober 2024 ihre Avenu Banking-as-a-Service (BaaS) Lösung eingeführt, um ihre digitalen Bankdienstleistungen zu erweitern. Die MainStreet Bank betreibt sechs vollwertige Centers und hat von der Egan-Jones Rating Company eine Investment-Grade-Bewertung von 'A' erhalten.
- Launch of Avenu BaaS solution on October 1, 2024, diversifying revenue streams
- Maintains 'A' investment grade rating from Egan-Jones Rating Company
- $2.2 billion in assets
- None.
Employee-directed Giving Program, Making Change, Lends a Helping Hand to Local Schools
More than one-quarter (
Launched in 2023, Making Change empowers every full-time employee to direct
"Making Change puts the power of philanthropy directly in our employees' hands," said Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, Inc., and MainStreet Bank. "These donations are just one example of MainStreet Bank's commitment to investing in the communities we serve. By empowering our employees to support local causes they care about, we can make a real difference in the lives of our neighbors and build a stronger future for everyone."
The program has already made a significant impact since its inception in March 2023:
- Making Change has donated over
$75,000
- MainStreet Bank employees honored the memory of a colleague's son with cumulative scholarship donations totaling
$32,000 Prince William County Public Schools Education Foundation — the largest gift made through the Making Change program. The scholarship, awarded annually to a graduating senior from Osbourn Park High School, was increased from$3,000 $5,000
- Inspired by a team of Fairfax High School students who created a financial literacy program for younger children, MainStreet Bank employees pooled their resources to donate
$7,500 Anaheim, California , and compete at DECA's international competition for emerging leaders and entrepreneurs.
- Recognizing the importance of adult education, employees also directed
$3,000 $1,000
"Education is critical, yet many schools struggle to fund those 'extras' that enrich the learning experience. That's why so many of our team members choose to support schools," says Trish Smith, Chief Human Resources Officer of the
In addition to those already mentioned, other local public and private schools and educational programs that have received Making Change donations include:
- Cora Kelly Elementary School
- Asian Educators Association
- Barber Family Foundation
- Centreville Elementary School
- C.G. Woodson High School
- Fairfax Villa Elementary School
- Hands Christian Daycare
- Lutie Lewis Coates Elementary School
- Robinson Secondary School
- St. Timothy Catholic School
- M.M. Pierce Elementary School
- C.W. Shipley Elementary School
- Cornerstone Christian Academy
- Countryside Elementary School
- Frances Hazel Reid Elementary School
- Goshen Post Elementary School
- Hearts for the Lord Academy
- Legacy Elementary School
- Mercer Middle School
- Hampton Middle School
BACKGROUND: MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), is a small-cap financial holding company trading in the Nasdaq Capital Market index. The financial holding company owns
In 2021, the Board and management decided to make an investment in technology that would best serve clients requiring Banking-as-a-Service (BaaS). The Avenu BaaS solution was officially released into service on October 1, 2024. The ability to digitally offer banking services in a safe and compliant manner allows the Company to reach new customer deposit segments, diversify revenue streams and generate additional income. The BaaS market is currently underserved, and the opportunities for a well-developed solution are robust. The Avenu business model is in line with the Company's physical branch-lite strategy.
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 Bank is an SBA Preferred Lender offering 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
MainStreet Bank provides a full-stack embedded banking solution that connects fintech partners and their apps directly and seamlessly to the purpose-built Avenu core. Avenu's clients are fintechs, social media solutions, application developers, money movers, and entrepreneurs. They all have one thing in common: They are in search of a reliable partner to help innovate how money moves - solving real-world issues and helping communities thrive. MainStreet Bank is that reliable partner dedicated to providing a best-in-class solution to sustain long-term business relationships.
MainStreet Bancshares, Inc. has an investment grade rating of "A" from Egan-Jones Rating Company.
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 pandemic outbreaks, 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
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SOURCE MainStreet Bank
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