Five-year veteran of banking supervision $1.4 billion loan portfolio
FAIRFAX, Va., May 26, 2022 /PRNewswire/ — MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company of MainStreet Bank, announced that it has promoted TomFloyd to the Chief Lending Officer, entrusting him with the strategic leadership of a growing loan portfolio that currently exceeds $1.4 billion.
TomFloyd has been a loan powerhouse and an excellent team player since joining MainStreet Bank.
Floyd, who joined the $1.8 billion-asset banking in 2017, was previously Senior Vice President and Regional Lending Manager. He has consistently been one of MainStreet Bank’s most successful lenders, with a particular focus on home and construction lending. Floyd has been a commercial lender on the washington d.c.banking scene since 2007, working for both local and regional banks.
“Tom has been a lending powerhouse and an excellent team player since joining MainStreet Bank,” said Abdul Hersiburane, Chairman of MainStreet Bank. “We have always managed our loan portfolio with meticulous care, and Tom truly excels at structuring loans to align with our risk tolerance while keeping clients’ changing needs front and center.”
“The metropolitan dynamic Washington The business community continues to generate strong demand for loans,” Floyd said. “I’m excited to work with MainStreet Bank’s lenders and customers to ensure we provide smart and creative solutions to meet the diverse credit needs in our region.
Floyd earned a Bachelor of Science in Finance from Virginia Tech. He is also a graduate of the Virginia Bankers Association School of Bank Management. As Director of Loans, he fills a vacancy created by the departure of an executive who left to pursue another opportunity.
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MainStreet operates six branches in Herndon, Fairfax, McLean, Leesburg, Clarendon and Washington DC MainStreet Bank has 55,000 free ATMs and a fully integrated online and mobile banking solution. The Bank is not limited by a conventional branch system, as it can offer business customers the opportunity to Put our bank in your office®. With robust, easy-to-use online business banking technology, MainStreet has “put our bank” into thousands of businesses across the metro area.
MainStreet Bank offers a strong suite of business and professional lending products, including government contractual lines of credit, commercial lines and term loans, residential and commercial construction, and commercial real estate. MainStreet is also working with the SBA to provide 7A and 504 lending solutions. From sophisticated cash management to enhanced mobile banking and instant-issue debit cards, MainStreet Bank is always looking for ways to improve the experience of its customers.
This release contains forward-looking statements, including our expectations regarding future events that are subject to various risks and uncertainties. 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” , “expects”, “plan”, “project”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “pursue”, “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: fluctuations in interest rates market and pricing of loans and deposits, adverse changes in the broader national economy as well as adverse economic conditions in our specific market sectors, future impacts of the outbreak of the new cor onavirus (COVID-19), the maintenance and development of well-established and valued customer relationships and referral sources, and the acquisition or loss of key production personnel. We caution readers that the above list of factors is not exclusive. Forward-looking statements are made as of the date of this release, and we may not take steps to update forward-looking statements to reflect the impact of any circumstances or events occurring after the date on which the forward-looking statements are made. In addition, our past operating results are not necessarily indicative of our future performance.
Contact: Debra Cope
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SOURCE MainStreet Bancshares, Inc.