Murrell Named EVP & Chief Banking Officer at MainStreet (MNSB)

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

MainStreet Bancshares, Inc. announced that David Murrell has been promoted to Executive Vice President and Chief Banking Officer. In this role, he will oversee strategic initiatives aimed at driving deposit growth and supporting the bank’s $2.2 billion asset base.

Murrell joined MainStreet in 2008 and has over 20 years of banking experience, including work with medical practices, law firms, and government contractors. The company highlights his promotion as part of its focus on organic growth, strong commercial deposits, and community programs within the Washington metropolitan area.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Asset base: $2.2 billion Branch count: 7 branches ATM network: over 55,000 ATMs +2 more

5 metrics

Asset base $2.2 billion Bank asset base referenced in connection with Murrell’s new role

Branch count 7 branches Herndon, Fairfax, McLean, Leesburg, Clarendon, Middleburg, Washington, D.C.

ATM network over 55,000 ATMs Free ATM access described in the bank overview

Preferred dividend rate 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock

Depositary share interest 1/40th interest per share Each depositary share represents a 1/40th interest in a Series A preferred share

Key Terms

Chief Banking Officer, Executive Vice President, 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, organic growth, +2 more

6 terms

Chief Banking Officer financial

"promotion of David Murrell to the role of Chief Banking Officer"

Executive Vice President financial

"promotion of David Murrell to Executive Vice President and Chief Banking Officer"

An executive vice president is a high-ranking leader within a company who oversees major parts of its operations or strategies. Think of them as senior managers responsible for important areas, similar to a vice principal in a school hierarchy. Their role matters to investors because they help guide the company's success and decision-making at the top level.

7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock financial

"Depositary Shares (each representing a 1/40 th interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock)"

organic growth financial

"Murrell’s leadership is expected to further the Bank's mission of organic growth"

Organic growth is the increase in a company's sales or profits that comes from its own activities, such as selling more products or services, rather than through acquisitions or mergers. It is like a plant growing taller on its own, without needing outside help. For investors, it indicates the company's ability to expand steadily and sustainably through its existing business efforts.

FDIC insurance financial

"first bank headquartered in the Commonwealth of Virginia to offer a solution that provides multi-million-dollar FDIC insurance"

FDIC insurance is a government-backed protection that guarantees bank deposit accounts up to a set dollar limit, so savers get their money back if a covered bank fails. It matters to investors because it lowers the risk of holding cash at insured banks, supports confidence in the banking system (like a safety net under a tightrope), and influences decisions about where to park short-term funds or assess the stability of financial institutions.

forward-looking statements regulatory

"This release contains forward-looking statements, including our expectations with respect to future events"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Understanding 8-K Material Events →

04/13/2026 - 09:28 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 13, 2026

MainStreet Bancshares, Inc.

(Exact name of Registrant as Specified in Its Charter)

Virginia	001-38817	81-2871064
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10089 Fairfax Boulevard, Fairfax, VA		22030
(Address of Principal Executive Offices)		(Zip Code)

(703) 481-4567

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	MNSB	The Nasdaq Stock Market LLC
Depositary Shares (each representing a 1/40^th interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock)	MNSBP	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On April 13, 2026, MainStreet Bancshares, Inc. (the "Company") issued a press release regarding the promotion of David Murrell to the role of Chief Banking Officer. A copy of the related press release is attached hereto as Exhibit 99.1, is hereby incorporated by reference, and will be posted on the Company’s website.

Item 9.01 Other Events.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated April 13, 2026.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

The information furnished under Items 8.01 and 9.01 of this Current Report on Form 8-K, including the exhibits, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	MAINSTREET BANCSHARES, INC

Date: April 13, 2026	By:	/s/ Richard A. Vari
		Name: Richard A. Vari
		Title: Chief Financial Officer

Exhibit 99.1

PRESS RELEASE		Contact: Billy Freesmeier
APRIL 13, 2026 8:00 ET		Chief of Staff
		(703) 481-4579

MainStreet Bank Elevates David Murrell to Executive VP & Chief Banking Officer

Leveraging nearly two decades of institutional knowledge to drive deposit growth

FAIRFAX, VA, April 13, 2026 — MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP) is pleased to announce the promotion of David Murrell to Executive Vice President and Chief Banking Officer. With over 20-years in the banking industry, Murrell will oversee strategic initiatives to drive deposit growth and strengthen the Bank’s $2.2 billion asset base.

Murrell, who joined MainStreet in 2008, previously specialized in delivering complex financial solutions for high-value sectors, including medical practices, law firms, and government contractors. "David has been a cornerstone of our growth for nearly two decades," said Abdul Hersiburane, President of MainStreet Bank. "His ability to navigate complex business banking landscapes makes him the ideal leader to drive our team and our clients to the next level."

"At MainStreet, we blend high-tech capabilities with a personal touch," said Murrell. "I am passionate about contributing to the success of our clients and the collaborative spirit that makes this bank special." Murrell’s leadership is expected to further the Bank's mission of organic growth while maintaining its role as a "dedicated community leader" through programs like Money Smart and Teach Children to Save.

Mr. Murrell earned a Bachelor of Science with a double major in finance and marketing from the University of Maryland and furthered his studies in accounting at George Mason University. Beyond his professional achievements, David is a dedicated community leader, serving on the board of Equity Now, a non-profit organization dedicated to closing the racial wealth gap by transforming communities of color from "consumers" into "owners."

Murrell’s elevation to this leadership role marks the Bank’s continued commitment to internal talent development and strategic organic growth within the business banking sector. His leadership is expected to accelerate market share capture within our Washington metropolitan footprint, further strengthening MainStreet Bank’s commercial deposit base.

About MainStreet Bank: MainStreet operates seven branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, Middleburg and Washington, D.C. MainStreet Bank has over 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 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 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.

Source: View Original Filing on SEC EDGAR

FAQ

What leadership change did MainStreet Bancshares (MNSB) announce?

MainStreet Bancshares promoted David Murrell to Executive Vice President and Chief Banking Officer. He will lead strategic initiatives focused on deposit growth and business banking, leveraging more than two decades of industry experience and long tenure with the bank since joining in 2008.

What responsibilities will David Murrell have at MainStreet Bancshares (MNSB)?

As Chief Banking Officer, David Murrell will oversee strategic efforts to grow deposits and support MainStreet Bank’s $2.2 billion asset base. His background in complex commercial lending to sectors like medical practices and government contractors underpins this expanded leadership role.

How large is MainStreet Bank’s asset base according to the filing?

The filing states that MainStreet Bank has a $2.2 billion asset base. This figure frames the scale of operations that new Chief Banking Officer David Murrell will help support through deposit growth and targeted business banking initiatives across the Washington metropolitan region.

Where does MainStreet Bank operate its branches?

MainStreet Bank operates seven branches in Herndon, Fairfax, McLean, Leesburg, Clarendon, Middleburg, and Washington, D.C. These locations support its community banking model, complemented by extensive online and mobile banking services for business and consumer clients.

What community and financial education programs does MainStreet Bank support?

MainStreet Bank supports programs such as Money Smart and Teach Children to Save. These initiatives align with its role as a community-focused institution, emphasizing financial education and outreach while pursuing organic growth in its core Washington metropolitan banking markets.

What specialized lending solutions does MainStreet Bank offer?

MainStreet Bank offers business and professional lending products, including government contracting lines of credit, commercial lines and term loans, construction financing, and commercial real estate loans. It also works with the SBA on 7A and 504 loans to support business clients’ financing needs.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 10.5 KB