Retirement Announcement of CFO Thomas J. Chmelik from MainStreet Bancshares, Inc.

Retirement Announcement of CFO Thomas J. Chmelik

MainStreet Bancshares, Inc. (Nasdaq: MNSB, MNSBP) has officially announced that Thomas J. Chmelik, their Chief Financial Officer, will be retiring on December 31, 2025. Following his retirement, he will continue to support the company in the role of Senior Executive Vice President and Secretary, remaining with the organization until December 31, 2027.

Background of Thomas J. Chmelik

Chmelik, who co-founded MainStreet Bank in May 2004, has a vast experience that includes serving as CFO for four community banks within the Washington, DC region. His career also boasts notable involvement with a World Bank initiative aiming to restructure the National Bank of Commerce, which is the largest commercial bank in Tanzania.

In expressing his thoughts on his career and departure, Chmelik stated, "Co-founding and building MainStreet Bank has been the highlight of my banking career. With a significant reduction in the number of bank charters over the past two decades, the need for community banks remains strong in the U.S., particularly as we provide essential financing for small businesses." He has committed to engaging with the leadership team even in a reduced role while remaining active on the boards of both the Company and the Bank.

Acknowledgment from Leadership

Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, praised Chmelik's contributions, noting, "Tom is an unconventional CFO - he's as comfortable behind the desk as he is out in the community sourcing new loan and deposit opportunities for the team." Dick expressed pride in Chmelik’s efforts to groom Alex Vari, the current Bank CFO, for the role of Company CFO.

Alex Vari, who has been involved in leading financial preparations and public disclosures, shared his excitement about stepping into the Company CFO position. He expressed confidence in maintaining the high standards set by Chmelik.

About MainStreet Bancshares, Inc.

MainStreet Bancshares, Inc. operates as a small-cap financial holding company listed on the Nasdaq Capital Market and is part of the Russell 2000 index. It is fully owned by MainStreet Bank, which serves clients through a branch-lite model featuring six financial centers across Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington, D.C. The bank prides itself on its vast network, which includes over 55,000 ATMs, alongside comprehensive online and mobile banking services.

MainStreet Bank has a strong repertoire of lending products, aimed primarily at business customers, and it holds the designation of an SBA Preferred Lender, thus providing various government-backed loan options. The bank was a pioneer in offering full online business banking solutions and innovative FDIC-insured services.

Future Outlook

As Chmelik prepares for retirement, the company looks forward to continuing its mission of supporting community banking and enhancing customer experience through cutting-edge technology and personalized services. The strong financial rating held by MainStreet Bancshares (an 'A' rating from Egan-Jones Rating Company) reflects its sound operational practices and commitment to its customers.

Chmelik's legacy will undoubtedly have a lasting impact on MainStreet Bank, and as they transition into new leadership, the company is poised to continue its journey of growth and commitment to excellence in banking.