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MainStreet Bank (MNSB) in Fairfax, Va., is offering Oklahoma banks serving communities affected by this weeks tornadoes access to a service that makes it easier to accept donations.
May 22 -
Darrell Green, an initial investor in the bank, enjoyed a Hall of Fame career with the National Football League's Washington Redskins.
February 28 -
The peer-to-peer lender, which has both threatened banks' traditional businesses and cultivated Wall Street ties, is now selling its loans to community banks and working with them to offer personal loans as a counter to big banks' dominance in credit cards.
December 11
MainStreet Bank (MNSB) in Fairfax, Va., reported higher profits on double-digit loan and deposit growth in the second quarter.
Its profits rose 43%, to $536,000, from a year earlier. It earned 20 cents per share, up from 14 cents.
Assets rose 19%, to nearly $316 million, mainly driven by an 11.7% increase in loans, to nearly $250 million. Meanwhile, deposits increased by more than 21%, to $288.2 million.
Net interest margin also increased to 4.18% from 3.98% year over year.
MainStreet has made progress in "containing costs and improving overall efficiency," Chairman and Chief Executive Jeff W. Dick said in a press release.
MainStreet operates five branches in Herndon, Fairfax, Fairfax City, McLean and Clarendon.
