Digital Technology Expert Brings Extensive
Federal Contracting Experience to Role at Leading Community
Bank
FAIRFAX,
Va., Feb. 22, 2024 /PRNewswire/ -- MainStreet
Bancshares, Inc. (Nasdaq: MNSB), parent company of MainStreet Bank,
announces the appointment of Ali Reza
Manouchehri, a digital technology expert with extensive
federal contracting experience, as a director of MainStreet
Bank.
Manouchehri brings an impressive track
record as an entrepreneur and decades on the cutting edge of
digital technology.
Manouchehri is CEO of MetroStar Systems, a leading provider of
digital IT services and solutions for the public sector, which is
headquartered in Reston, Virginia.
Since co-founding the company in 1999, he has guided its growth
from a small business to a mid-size company with 450 employees that
supports approximately 40 federal clients with innovative IT
solutions. He is also co-founder and chair of Zoomph, a platform
that enables sponsors to track the brand partnerships across social
media, streaming, and broadcast channels.
"Ali brings an impressive track record as a successful
entrepreneur and decades of experience on the cutting edge of
digital technology," said Jeff W.
Dick, Chairman and CEO of both the Company and the Bank.
"MainStreet Bank has been technology-forward since we opened for
business 20 years ago. By adding his expertise to our board, we are
deepening our bench strength to reflect the growing importance of
digital innovation, as exemplified by our fully integrated Software
as a Service platform, Avenu."
"MainStreet Bank has made significant investments in technology
initiatives to position the Bank to capitalize on opportunities in
an era of rapid technology change," Manouchehri said. "I'm excited
to be part of this visionary board of directors as we map a course
into the future."
Manouchehri is a member of the board of directors of the
Professional Services Council (PSC), which advocates for the
government services sector. He also serves as a member of the
board of trustees of the Leukemia and Lymphoma Society of the
Mid-Atlantic Region. He earned a Bachelor of Arts degree in
philosophy from George Mason
University.
About MainStreet Bank: MainStreet Bank
operates seven branches in Herndon, Fairfax, Fairfax
City, McLean, Leesburg, Clarendon and Washington, D.C. In addition, MainStreet Bank
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 over 1,000 businesses in the metropolitan area.
MainStreet Bank has a full complement of payment system services
for third-party payment providers with nationally known market
leaders on staff and ready to help payment providers create a
solution perfect for their needs.
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 its customer 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 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.
Contact: Debra Cope
(202) 468-3814
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SOURCE MainStreet Bancshares, Inc.