MainStreet Bank Acquires Indirect Consumer Loan Portfolio

FAIRFAX, Va., July 27, 2015, MNSB, OTCQX, /PRNewswire/ MainStreet Bank (OTCQX: MNSB) MainStreet Bank today announced the acquisition of an $80 million portfolio of indirect consumer loans from EagleBank (NASDAQ: EGBN) effective July 24, 2015. EagleBank acquired the indirect consumer loan portfolio in a merger with Virginia Heritage Bank during the fourth quarter of 2014. During the transition, the team that originated the indirect consumer loan portfolio at Virginia Heritage Bank joined with MainStreet Bank. Total assets for MainStreet Bank inclusive of the new portfolio approximate $455 million as of July 24, 2015 and the bank remains well capitalized. Additional information about MainStreet Bank may be obtained in a quarterly earnings release dated July 21, 2015. QUOTES: This portfolio is a natural fit for MainStreet. said Jeff W. Dick, Chairman, CEO and President of MainStreet Bank. We have the team that created the portfolio and we have a very robust infrastructure to absorb, mana
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