MREE Mainstreet Bankshares Inc. featured news, full reports, and detailed charts
Mainstreet Bankshares Inc. (MREE/MREE.OB) Wrap Up:
MainStreet BankShares, Inc. operates as the holding company for Franklin Community Bank, N. A. that provides various commercial banking services in Virginia. The company offers various deposit products, including demand deposits, interest checking deposits, money market deposits, savings deposits, and time deposits. Its loan portfolio comprises commercial, financial, and agricultural loans; real estate mortgage loans; and consumer loans. The company serves individuals, professionals, and small to medium-sized businesses primarily in Franklin County, Town of Rocky Mount, and surrounding areas. As of December 31, 2007, it operated through its main office in Rocky Mount and a branch in Hardy, V...53 Employees
Mainstreet Bankshares Inc. (MREE:OTC Bulletin Board Market)
LAST $4.80 USD
CHANGE TODAY -2.45 -33.79%
VOLUME 34.2K
As of 3:30 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Mainstreet Bankshares Inc. (MREE)
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OPEN
$6.10
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PREVIOUS CLOSE
$7.25
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DAY HIGH
$6.10
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DAY LOW
$4.75
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52 WEEK HIGH
12/31/08 - $16.00
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52 WEEK LOW
11/20/09 - $4.75
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MARKET CAP
8.2M
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AVERAGE VOLUME 3 mo
0.0
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DILUTED EPS TTM
$0.04
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SHARES OUTSTANDING
1.7M
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EX-DATE
01/12/09
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P/E TTM
116.2x
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
MREE Top Compensated Officers
Mr. Larry A. Heaton
Chief Executive Officer, President, Director,...
Age: 51
Total Annual Compensation: $220.2K
Ms. Brenda H. Smith
Chief Financial Officer, Executive Vice Presi...
Age: 49
Total Annual Compensation: $111.6K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Mainstreet Bankshares Inc. (MREE)
Mainstreet Bankshares Inc. Amends its Bylaws
10/22/2009
The Board of Directors of Mainstreet Bankshares Inc. approved an amendment to its bylaws at a regularly scheduled board meeting on October 21, 2009. Section 1.1 of Article 1 shareholders was amended to state the annual meeting of shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Thursday of May of each year or, if such date falls on a legal holiday, the next business day. The date of the meeting was changed from the third Thursday of April of each year.
Mainstreet Bankshares Inc., Board Meeting, Oct 21, 2009
10/22/2009
Mainstreet Bankshares Inc., Board Meeting, Oct 21, 2009 Agenda: To amend section 1.1 of article to state the annual meeting of shareholders to elect directors and for the transaction of such other business as may properly come before the meeting shall be held on the second Thursday of May of each year or, if such date falls on a legal holiday, the next business day, the date of the meeting was changed from the third Thursday of April of each year.
Mainstreet Bankshares Inc., Annual General Meeting, May 07, 2009
03/23/2009
Mainstreet Bankshares Inc., Annual General Meeting, May 07, 2009, at 14:00 Eastern Daylight. Location: The Franklin Center, 50 Claiborne Avenue, Rocky Mount, VA 24151, United States. Agenda: To elect three members of Class B directors to serve until the 2012 annual meeting of shareholders, or in the case of each director, until his or her successor is duly elected and qualifies; and to transact such other business as may properly be brought before the meeting or any adjournment thereof.
MREE Competitors
| Company | Last | Change | |
| No competitor information is available for MREE. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | MREE | Industry Range |
| Price/Earnings | 49.0x |
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| Price/Sales | 2.1x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 48.5x |
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| TEV/Sales | NM | Not Meaningful |
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MREE |
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MREE transactions
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| No transactions in the last 6 months. | ||
More Recent News About Mainstreet Bankshares Inc.
More news for MREE
MAINSTREET BANKSHARES INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue3,022 3,206 3,228 3,483 Cost of Revenue1,053 1,094 1,138 1,282 Gross Profit - 2,112 2,090 2,201 Operating ExpensesResearch Development - - - - Selling General and Administrative1,377 1,426 1,361 1,425 Non Recurring - - - (57)Others302 150 206 1,510 Total Operating Expenses - - - - Operating Income or Loss - 536 523 (677)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes290 536 523 (677)Interest Expense136 139 146 182 Income Before Tax154 397 378 (859)Income Tax Expense47 130 123 (297)Minority Interest - - - - Net Income From Continuing Ops107 268 254 (561)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - &n...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements, which are representative only on the date hereof. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. The Corporation takes no obligation to update any forward-looking statements contained herein. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) changes in the interest rate environment may reduce margins; (3) general economic conditions, either nationally or regionally, may be less favorable than expected that could result in a deterioration of credit quality or a reduced demand for credit; and (4) legislative or regulatory changes including changes in accounting standards, may adversely affect the business. General MainStreet BankShares, Inc. (the "Corporation", "MainStreet", or "BankShares") was incorporated as a Virginia corporation on January 14, 1999. The Corporation was primarily organized to serve as a bank holding Company. Its first wholly-owned subsidiary was Smith River Community Bank, N.A. ("Smith River Bank"), located in Martinsville, Virginia, which was sold on March 23, 2005 for $6.5 million. In 2002, MainStreet organized a second bank subsidiary, Franklin Community Bank, N.A. ("Franklin Bank") to serve the Franklin County area of Virginia. Franklin Bank was organized as a nationally chartered commercial bank and member of the Federal ...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financ
Show all filings for MAINSTREET BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAINSTREET BANKSHARES INC 22-Oct-2009Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financ Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements, which are representative only on the date hereof. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. The Corporation takes no obligation to update any forward-looking statements contained herein. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) changes in the interest rate environment may reduce margins; (3) general economic conditions, either nationally or regionally, may be less favorable than expected that could result in a deterioration of credit quality or a reduced demand for credit; and (4) legislative or regulatory changes including changes in accounting standards, may adversely affect the business. General MainStreet BankShares, Inc. (the "Corporation", "MainStreet", or "BankShares") was incorporated as a Virginia corporation on January 14, 1999. The Corporation was primarily organized to serve as a bank holding Company. Its first wholly-owned subsidiary was Smith River Community Bank, N.A. ("Smith River Bank"), located in Martinsville, Virginia, which was sold on March 23, 2005 for $6.5 million. In 2002, MainStreet organized a second bank subsidiary, Franklin Community Bank, N.A. ("Franklin Bank") to serve the Franklin County area of Virginia. Franklin Bank was organized as a nationally chartered commercial bank and member of the Federal ...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements, which are representative only on the date hereof. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. The Corporation takes no obligation to update any forward-looking statements contained herein. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) changes in the interest rate environment may reduce margins; (3) general economic conditions, either nationally or regionally, may be less favorable than expected that could result in a deterioration of credit quality or a reduced demand for credit; and (4) legislative or regulatory changes including changes in accounting standards, may adversely affect the business. General MainStreet BankShares, Inc. (the "Corporation", "MainStreet", or "BankShares") was incorporated as a Virginia corporation on January 14, 1999. MainStreet has had two registered stock offerings raising a total of $14,029,501. MainStreet also had a private placement offering which raised total proceeds of $1,807,101. The shares from this private placement offering were registered with The Securities and Exchange Commission ("SEC") effective December 8, 2006. The Corporation was primarily organized to serve as a bank holding Company. Its first wholly-owned subsidiary was Smith River Community Bank, N.A. ("Smith River Bank"), located in Mart...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Ex
Show all filings for MAINSTREET BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAINSTREET BANKSHARES INC 20-Apr-2009Entry into a Material Definitive Agreement, Financial Statements and Ex Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion is intended to assist in understanding and evaluating the financial condition and results of operations of MainStreet BankShares, Inc. ("MainStreet", "BankShares", or "Corporation") on a consolidated basis. This discussion and analysis should be read in conjunction with BankShares' consolidated financial statements and related notes included in Item 8 of this report on Form 10-K. Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements which are representative only on the date hereof. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. MainStreet takes no obligation to update any forward-looking statements contained herein. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) changes in the interest rate environment may reduce margins; (3) general economic conditions, either nationally or regionally, may be less favorable than expected that could result in a deterioration of credit quality or a reduced demand for credit; and (4) legislative or regulatory changes including changes in accounting standards, may adversely affect the business. General MainStreet was incorporated on January 14, 1999 in the Commonwealth of Virginia as First Community National BanCorp., Inc. MainStreet has had two registered stock offerings raising a total of $14,029,501. MainStreet also had a private placement offering whi...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 8-K, Results of Operations and Financial Condition, Other Events
Show all filings for MAINSTREET BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAINSTREET BANKSHARES INC 12-Jan-2009Results of Operations and Financial Condition, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exh
Show all filings for MAINSTREET BANKSHARES INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for MAINSTREET BANKSHARES INC 18-Dec-2008Change in Directors or Principal Officers, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informatio...Click here to read the whole Article (external link)
MAINSTREET BANKSHARES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward-Looking Statements This report contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements, which are representative only on the date hereof. Readers of this report should not rely solely on the forward-looking statements and should consider all uncertainties and risks discussed throughout this report. The Corporation takes no obligation to update any forward-looking statements contained herein. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) competitive pressures among depository and other financial institutions may increase significantly; (2) changes in the interest rate environment may reduce margins; (3) general economic conditions, either nationally or regionally, may be less favorable than expected that could result in a deterioration of credit quality or a reduced demand for credit; and (4) legislative or regulatory changes including changes in accounting standards, may adversely affect the business. General MainStreet BankShares, Inc. (the "Corporation", "MainStreet", or "BankShares") was incorporated as a Virginia corporation on January 14, 1999. The Corporation was primarily organized to serve as a bank holding Company. MainStreet has had two registered stock offerings raising a total of $14,029,501. MainStreet also had a private placement offering of its common stock that commenced on September 20, 2004 and terminated January 31, 2005. This offering raised total proceeds of $1,807,101. The additional capital was used principally to aid in maintaining all regulatory capital ratios at the adequately capitalized level. The shares from this private placement of...Click here to read the whole Article (external link)
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