Company MainStreet Financial Corporation

Equities

MSFN

US56064H1077

Banks

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Business Summary

MainStreet Financial Corporation operates through its wholly owned subsidiary MainStreet Savings Bank, FSB (the Bank). The Bank is a community-oriented institution primarily engaged in the business of attracting retail deposits from the general public and investing those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences, home equity lines of credit and construction and development loans on residential and commercial properties located in the United States. The Bank also invests in commercial business, commercial real estate and a variety of consumer loans. At December 31, 2008, approximately 79.99% of the Bank’s loan portfolio consisted of residential mortgage loans and home equity lines of credit, 2.26% consisted of construction and development loans in residential and commercial properties, 5.75% consisted of consumer loans and 11.99% consisted of commercial loans.

Number of employees: 36

Sales per Business

USD in Million2007Weight2008Weight Delta
Banking & Related Activities
100.0 %
7 100.0 % 6 100.0 % -14.41%

Sales per region

USD in Million2007Weight2008Weight Delta
United States
100.0 %
7 100.0 % 6 100.0 % -14.41%

Managers

Managers TitleAgeSince
Chief Executive Officer 75 30/04/00
Director of Finance/CFO - 31/12/81

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 756,068 317,499 ( 41.99 %) 0 41.99 %

Company contact information

Mainstreet Financial Corp. (Michigan)

629 West State Street

49058-1643, Hastings

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address MainStreet Financial Corporation(MSFN)
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