FAIRFAX, Va., Dec. 12, 2019 /PRNewswire/ -- MainStreet
Bancshares, Inc., (Nasdaq: MNSB) parent company of MainStreet Bank
announced that Robin Garrison
received her Certified Anti-Money Laundering Specialist (CAMS)
AUDIT designation. Robin leads the compliance initiative for
the Bank's Payment Service Solutions Group.
The Certified Anti-Money Laundering Specialist (CAMS) credential
is the gold standard in Anti-Money Laundering (AML) certifications
and is recognized internationally by financial institutions,
governments and regulators as a serious commitment to protecting
the financial system against money laundering. The CAMS
program drives a culture of compliance from the top down by
building highly skilled teams staffed with subject matter
expertise.
Ms. Garrison said, "The CAMS-AUDIT certification provides a
strong foundation to build an effective and risk-based payments
program. As we continue to grow our payments franchise, I
know that we will be well positioned to ensure a compliant and
risk-appropriate program, which is critical to ensure long term
sustainability and scalability."
The payments sector is extremely significant in the United States and payment-oriented
businesses generally require a banking partnership for their
solutions. Many of those businesses have had false starts working
with financial institutions that were ill-prepared to process their
business for the long-term.
"MainStreet Bank has been working since 2017 to create a
full-service infrastructure for payment solutions." said
Jeff W. Dick, Chairman & CEO of
MainStreet Bancshares, Inc. and MainStreet Bank. "The
payments industry requires enhanced due diligence and risk
management; and our commitment to continuing education is critical
to our ongoing success."
MainStreet Bank is a growing $1.2
billion community bank headquartered in Fairfax, VA. The Bank offers Payment
Service Solutions to third-party payment and money service
businesses, including:
- Check cashers and dealers in foreign exchange,
- Third party payment processors and Independent Sales
Organizations (ISO),
- Agents or Authorized Delegates of a licensed third-party
payment or money service business,
- Money transmitters and stored value providers, and
- Money transmitters who require a bank as a stand-in for money
transmitter licenses.
To learn more about MainStreet Bank's Payment Service Solutions,
please contact Jason Fitch at (703)
218-5185 or jfitch@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.