Mainstreet Bancshares, Inc. Declares Cash Dividend, Payable on May 12, 2023
April 25, 2023 at 01:35 am IST
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On April 19, 2023, the Board of Directors of MainStreet Bancshares, Inc. declared a $0.10 per share cash dividend to common shareholders. The dividend will be paid on May 12, 2023, to shareholders of record on May 5, 2023.
The Board of Directors will consider future dividends to common shareholders after its review of the Company's financial condition, results of operations, and other factors. Any subsequent dividend declaration will be subject to the discretion of the Board of Directors.
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.
MAINSTREET BANCSHARES, INC. 
