Appointments Reflect Bank's Pacesetting
Tradition in Tech Leadership
FAIRFAX,
Va., Feb. 15, 2023 /PRNewswire/ -- MainStreet
Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company
for MainStreet Bank, announced two key appointments to its
technology team.
Andrew Stoutenburgh has joined
the $1.9 billion-asset community bank
as Senior Vice President and Chief Technology Officer, and
Matt McCrory has been promoted to
Senior Vice President and Chief Information Security Officer.
The two appointments underscore MainStreet Bank's continuing
efforts to seize opportunities while managing risk as it pursues
its growth strategy, said Jeff W.
Dick, Chairman and CEO of MainStreet Bancshares and
MainStreet Bank. He noted that the Bank has a strong tradition of
technology leadership, having pioneered remote banking services for
local businesses when it opened its doors in 2004, and it continues
to innovate with its Avenu™ embedded banking solution.
"Banks of our size don't usually elevate technology roles to the
C-Level, but MainStreet Bank has always been highly focused on
creating the capabilities we need as early as possible to lay a
path for superior future performance," Dick said. "With Andy and
Matt in these key positions, we are upping our game even further as
the digital transformation in banking accelerates."
As CTO, Stoutenburgh drives MainStreet Bank's technology vision
and implementation, including technology investment, architecture,
and engineering. His strong understanding of the technological
forces that are transforming financial services has been shaped by
more than 25 years of progressive experience in the banking
industry. Most recently, he was Vice President and Technical
Services Manager for a regional financial services company with
operations in seven states and the District of Columbia. Earlier in his career,
Stoutenburgh worked in bank branch and credit operations in various
Northern Virginia community banks
before shifting his focus to information systems.
As CISO, McCrory leads efforts to maintain a strong data privacy
and security culture and ensure the Bank's resilience against
ever-increasing cyber, data and information security risks. A
15-year veteran of MainStreet Bank, he was previously Senior Vice
President and Information Security Officer. McCrory's strengths
include IT governance and risk management. He has designed,
implemented, and managed a best-in-class cybersecurity program, and
works across all information security domains. He holds multiple
professional certifications, including CRISC and CISSP.
ABOUT MAINSTREET BANK: MainStreet Bank 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.
Unrestricted by a conventional branching system, the Bank offers
robust and easy-to-use online business banking technology and the
ability to Put Our Bank in Your Office®, which thousands of
businesses in the metropolitan area have done. MainStreet Bank has
a robust line of business and professional lending
products.
MainStreet Bank also offers Avenu™, the only purpose-built
embedded banking solution that connects our partners and their
applications directly and seamlessly to our banking core. We are
not a sponsor bank without our own technology, and we are not a
middleware software company without our own bank. Avenu™ is a
leading-edge financial technology solution backed by MainStreet
Bank, an established community business bank in the heart of
Washington, DC.
This release contains forward-looking statements, including
our expectations with respect to future events that are subject to
various risks and uncertainties. The 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,"
"expect," "plan," "project," "intend," "anticipate," "believe,"
"estimate," "predict," "potential," "pursuant," "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 fluctuation in market rates of
interest and loan and deposit pricing, adverse changes in the
overall national economy as well as adverse economic conditions in
our specific market areas, future impacts of the novel coronavirus
(COVID-19) outbreak, maintenance and development of
well-established and valued client relationships and referral
source relationships, and acquisition or loss of key production
personnel.
We caution readers that the list of factors above is not
exclusive. The forward-looking statements are made as of the date
of this release, and we may not undertake steps to update the
forward-looking statements to reflect the impact of any
circumstances or events that arise after the date the
forward-looking statements are made. In addition, our past results
of operations are not necessarily indicative of future
performance.
Contact: Debra Cope
Director of Corporate Communications
(703) 481-4599
(202) 468-3814
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mainstreet-bancshares-names-two-senior-technology-executives-301747790.html
SOURCE MainStreet Bancshares, Inc.
