MainStreet Bancshares appoints Richard Vari as CFO effective Jan 1, 2026; new employment agreement

MainStreet Bancshares, Inc.

Richard A. Vari appointed EVP and CFO of MainStreet Bancshares and MainStreet Bank, effective Jan 1, 2026.
Vari previously served as Bank CFO and Company CAO since 2019; replaces Tom Chmelik retiring as Company CFO.
New employment agreement effective Dec 31, 2025 through Dec 31, 2028, with base salary of $360,000.
Severance: 299% of 5-year average taxable comp if terminated without cause within one year after change of control.
Agreement includes non-compete, non-solicitation for 12 months post-employment, and clawback provisions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.