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MainStreet Bancshares Appoints Richard Vari as New CFO

Story Highlights
  • MainStreet Bancshares appointed Richard A. Vari as EVP and CFO effective January 1, 2026.
  • A new multiyear contract gives Vari $360,000 salary and robust severance protections.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
MainStreet Bancshares Appoints Richard Vari as New CFO

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An announcement from MainStreet Bancshares ( (MNSB) ) is now available.

On December 23, 2025, MainStreet Bancshares, Inc. announced that Richard A. Vari, a 38-year-old certified public accountant with extensive banking experience, will become Executive Vice President and Chief Financial Officer of both the company and MainStreet Bank, effective January 1, 2026, following his prior roles as the bank’s CFO from July to December 2025 and as Chief Accounting Officer and Senior Vice President from September 2019 to July 2025. The company also entered into a new employment agreement with Vari on December 18, 2025, running from December 31, 2025, through December 31, 2028, that sets his annual base salary at $360,000 starting January 1, 2026, provides eligibility for bonus and equity awards and participation in standard benefit plans, and includes customary non-compete, non-solicitation, no-hire, and confidentiality covenants, along with significant severance protections in the event of termination without cause or for good reason, including enhanced benefits following a change of control, underscoring the company’s commitment to leadership continuity and executive retention in its finance function.

The most recent analyst rating on (MNSB) stock is a Hold with a $21.00 price target. To see the full list of analyst forecasts on MainStreet Bancshares stock, see the MNSB Stock Forecast page.

Spark’s Take on MNSB Stock

According to Spark, TipRanks’ AI Analyst, MNSB is a Neutral.

MainStreet Bancshares’ overall stock score is driven by positive technical indicators and supportive corporate events, despite financial challenges. The company’s commitment to dividends and stock repurchase programs provides some investor confidence, but profitability issues and negative revenue growth weigh on the overall score.

To see Spark’s full report on MNSB stock, click here.

More about MainStreet Bancshares

MainStreet Bancshares, Inc. operates as the holding company for MainStreet Bank, a financial institution focused on providing banking services, with leadership drawn from seasoned executives with extensive experience in the banking and financial services sector.

Average Trading Volume: 35,474

Technical Sentiment Signal: Strong Buy

Current Market Cap: $165.1M

See more data about MNSB stock on TipRanks’ Stock Analysis page.

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