Chief Lending Officer Is Named to Prestigious
40 under 40 List
FAIRFAX,
Va., June 4, 2024 /PRNewswire/ -- MainStreet
Bank and its parent company, MainStreet Bancshares, Inc.
(Nasdaq: MNSB & MNSBP), are pleased to announce that
Executive Vice President and Chief Lending Officer Tom Floyd has been honored as one of the
nation's best and brightest young bankers.
Floyd has been named to Independent
Banker® magazine's prestigious list, 40 Under 40:
Emerging Community Bank Leaders. He and other honorees
nationwide were chosen in recognition of their professional
achievements, exemplary character, leadership, community
involvement, and innovation. Their stories are told in the
magazine's June 2024 issue.
Floyd, who is 39, oversees a team of seasoned lenders and a
$1.7 billion loan portfolio. He has
played a critical role in positioning the bank and its clients to
navigate changing interest rate dynamics.
"I'm proud to be a community banker and to have the opportunity
to provide the loans that help the people and businesses of the
Greater Washington community to
grow and thrive," said Floyd, who joined MainStreet Bank in 2017.
"I'm fortunate to have an exceptionally dedicated and hard-working
team. And it's humbling to find myself in such great company with
bankers from across the nation."
In the current environment, Floyd has guided his team in growing
loans prudently while sustaining strong customer relationships.
"Customer engagement is always important, but never more so than in
a shifting economic environment," he said. "Understanding your
customers is the key to long-term relationships, and meticulously
managing the loan portfolio is absolutely critical."
"Tom is a tremendous asset to MainStreet Bank, and he is an
inspired pacesetter for the lending team, which he leads with
discipline and drive," said Jeff W.
Dick, Chairman and CEO of MainStreet Bank and its parent
company. "We are thrilled to see him gaining peer recognition for
his achievements."
"Tom is a banker who is always thinking several steps ahead,
anticipating what the dynamics of the economy mean for his
customers and the bank, and devising solutions," said Abdul
Hersiburane, President of MainStreet Bank. With interest rates
likely near their peak, Floyd is helping borrowers take advantage
of the possibility of lower-interest rates through floating rate
lending, he noted.
Floyd has worked in banking across
the Washington metropolitan area for 17 years. He has
consistently been one of MainStreet Bank's top performing lenders,
with a special focus on real estate and construction lending. He
earned a Bachelor of Science in finance from Virginia Tech. He is also a graduate of the
Virginia Bankers Association School of Bank Management.
To learn more about the 40 under 40 winners and methodology,
visit independentbanker.com.
About MainStreet Bank
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 restricted by a conventional branching system, as it
can offer business customers the ability to Put Our Bank in Your
Office®. With robust and easy-to-use online business banking
technology, MainStreet has "put our bank" in thousands of
businesses in the metropolitan area.
MainStreet Bank has a robust line of business and professional
lending products, including government contracting lines of credit,
commercial lines and term loans, residential and commercial
construction, and commercial real estate. MainStreet Bank is an SBA
Preferred Lender. From sophisticated cash management to enhanced
mobile banking and instant-issue Debit Cards, MainStreet Bank is
always looking for ways to improve our customer's experience.
MainStreet Bank was the first community bank in
the Washington, DC metropolitan area to offer a full
online business banking solution. MainStreet Bank was also the
first bank headquartered in the Commonwealth
of Virginia to offer CDARS – a solution that provides
multi-million-dollar FDIC insurance. Further information on the
Bank can be obtained by visiting its website at
mstreetbank.com.
About ICBA
The Independent Community Bankers of America® has one mission:
to create and promote an environment where community banks
flourish. We power the potential of the nation's community banks
through effective advocacy, education, and innovation.
As local and trusted sources of credit, America's community
banks leverage their relationship-based business model and
innovative offerings to channel deposits into the neighborhoods
they serve, creating jobs, fostering economic prosperity, and
fueling their customers' financial goals and dreams. For more
information, visit ICBA's website at icba.org.
Contact: Debra Cope
(202) 468-3814
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mainstreet-banks-tom-floyd-honored-by-independent-banker-magazine-as-emerging-community-bank-leader-302163379.html
SOURCE MainStreet Bancshares, Inc.
