MainStreet Bancshares, Inc. announced the promotion of Lisa Kilgour to Executive Vice-President and Chief Operating Officer. Ms. Kilgour joined MainStreet Bank in 2017 and prior to that she served as Senior Vice-President of Operations for Middleburg Bank for 22 years, where she reduced costs, improved processes, and built a high-performing operations team. Lisa was also Chief Operating Officer at Middletown Valley Bank and Vice-President of Operations for Farmers & Merchants Bank. Executive Vice President Jacob Hutchinson will continue his role as Chief Operating Officer for the holding company and has transitioned to the role of Chief Risk Officer for the Bank.
MainStreet BankShares, Inc. is a bank holding company. The Company's subsidiary is Franklin Community Bank, National Association (Franklin Bank). Franklin Bank is a nationally chartered commercial bank and member of the Federal Reserve whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Franklin Bank accepts deposits from the general public and makes commercial, consumer, and real estate loans. The Company formed a wholly owned real estate company, MainStreet RealEstate, Inc., for the sole purpose of owning the real estate of the Company. It owns the facility in which Franklin Bank's Southlake branch operates.