FAIRFAX, Va., Nov. 6, 2019 /PRNewswire/ -- MainStreet
Bancshares, Inc., (Nasdaq: MNSB) announced that Director
Terry M. Saeger has earned the
prestigious Governance Fellowship credential from the National
Association of Corporate Directors (NACD).
To achieve the NACD Governance Fellowship credential, corporate
directors undergo a comprehensive and continuous program of study
empowering participants with the latest boardroom insights,
intelligence, and practices that build proficiencies in the
fundamentals of governance.
"The NACD Governance Fellowship program provided me with an
opportunity to see how best-in-class corporate oversight is
achieved across a broad spectrum of companies," said Mr.
Saeger. "At MainStreet, we always bring what we've
learned into the boardroom,
and that translates into strong corporate governance."
"We are very fortunate to have Mr. Saeger on our Board," said
Jeff W. Dick, Chairman & CEO of
MainStreet Bancshares, Inc. and MainStreet Bank. "Our
Directors are focused on staying up-to-speed on good corporate
governance and Terry's completion of the NACD Governance Fellowship
program signals that quality to all of our shareholders."
Mr. Saeger is also the Board's technology expert. He
recently completed the NACD Cyber-Risk Oversight for Directors
course, earning the CERT Certificate in Cybersecurity Oversight
from Carnegie Mellon University. The CERT Division is part of
the Software Engineering Institute, based at Carnegie Mellon University. CERT collaborates
with high-level government organizations, such as the U.S.
Department of Defense and the Department of Homeland Security; law
enforcement, including the Federal Bureau of Investigation; the
intelligence community; and many industry organizations to improve
the security and resilience of computer systems and networks.
Mr. Saeger is the CEO of The Saeger Group, LLC a business
advisory consulting company. He has a B.S. in Industrial
Engineering and Management from North Dakota
State University and completed post-graduate studies in
Computer Integrated Manufacturing at Brigham Young
University.
ABOUT MAINSTREET BANK: MainStreet operates six branches in
Herndon, Fairfax, Fairfax
City, McLean, Leesburg and Clarendon. A seventh branch
on 1130 Connecticut Avenue in Washington,
DC will open in December 2019.
MainStreet 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 well
over 1,000 businesses in the metropolitan area.
MainStreet has a full complement of payment system services for
third party payment providers. MainStreet has a nationally
known market leader and a highly experienced team ready to help
payment providers create a solution perfect for their needs.
MainStreet 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 mobile banking and Apple Pay to instant-issue Debit Cards,
MainStreet Bank is always looking for ways to improve its customer
experience.
MainStreet Bank was the first community bank in the Washington, DC 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,
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.
For more information or to schedule an interview with a
MainStreet Bank spokesperson, please contact Bruce Gemmill of MainStreet Bank at 571-375-1358
or bgemmill@mstreetbank.com
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SOURCE MainStreet Bancshares, Inc.