Mainstreet Bancshares, Inc. and Mainstreet Bank Appoints Rafael E. Deleon to Board of Directors
July 23, 2021 at 05:59 pm IST
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MainStreet Bancshares, Inc. announces the appointment of a veteran banking supervisor, Rafael E. DeLeon, as a director of the company and the bank. Rafael E. DeLeon is currently a senior vice president of industry engagement for Ncontracts. Mr. DeLeon is a vibrant spokesperson with a wealth of knowledge on regulatory compliance and risk management for financial institutions. He joined Ncontracts in June 2021. Mr. DeLeon recently retired from a successful three-decade career with the Office of the Comptroller of the Currency (OCC), having most recently served as the director for banking relations. Mr. DeLeon directed the agency's outreach to commercial banks and was its representative to industry trade associations.
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.