On July 15, 2020, MainStreet Bancshares, Inc. announced that Mr. Brockett resigned as a member of the Board of Directors and as President of the Bank. Mr. Brockett will continue to serve as a member of the Board of Directors of the Company with a term expiring in 2021. Also effective as of July 15, 2020, the Board of Directors of the Bank appointed Abdul Hersiburane to serve as President and a director of the Bank. Mr. Hersiburane was elected as a director to fill the vacancy resulting from Mr. Brockett’s resignation.