Press Release

MainStreet Bancshares, Inc. Director Earns NACD Governance Fellowship

Terry M. Saeger Achieves High Standard of Credentialing for Corporate Directors

Company Release - 11/6/2019 12:13 PM ET

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). 

Terry M. Saeger

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.

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