MainStreet Bancshares has announced a significant leadership transition as co-founder and Chief Financial Officer Thomas J. Chmelik prepares to retire from his CFO role on December 31, 2025.
Alex Vari, who currently serves as Bank CFO, will assume the Company CFO position Stock Titan as part of a carefully orchestrated succession plan.
Chmelik is a co-founder of MainStreet Bank, which opened in May 2004 PR Newswire, and his departure marks the end of an era for the Virginia-based financial institution.
However, the transition will be gradual, with Chmelik remaining as Senior Executive Vice President and Secretary through December 31, 2027 Stock Titan. He will also maintain his position on both the Company and Bank Boards, ensuring continuity during the leadership change.
Reflecting on his distinguished career, Chmelik noted the challenging landscape for community banks over the past two decades.
He pointed out that the number of bank charters has declined significantly, yet emphasized the critical role community banks play in financing small businesses across the country.
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The outgoing CFO expressed pride in his work building MainStreet Bank and his commitment to staying engaged with the leadership team, albeit in a reduced capacity.
Jeff W. Dick, Chairman and CEO of MainStreet Bancshares, praised Chmelik’s unique approach to financial leadership, describing him as someone equally comfortable managing financial operations and actively engaging with the community to generate new business opportunities.
Dick particularly highlighted Chmelik’s mentorship of Vari, noting the careful preparation that went into grooming the successor for this pivotal role.
Alex Vari, a Certified Public Accountant, brings strong credentials to the position. He has been instrumental in managing the bank’s financial reporting and Securities and Exchange Commission disclosures.
Vari also spearheaded the development and implementation of the company’s Sarbanes-Oxley internal control framework during MainStreet’s transition away from emerging growth company status.
Expressing enthusiasm about his promotion, Vari acknowledged the valuable experience gained working alongside Chmelik.
He emphasized his commitment to maintaining the high standards established under Chmelik’s leadership while continuing to interact with the bank’s investor community.
MainStreet Bancshares, which trades on Nasdaq under the symbols MNSB and MNSBP, operates as a financial holding company for MainStreet Bank.
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The institution is headquartered in Fairfax, Virginia, and maintains a branch-lite model with six full-service financial centers across the metropolitan Washington, D.C. area, including locations in Herndon, Fairfax, McLean, Leesburg, Clarendon, and the nation’s capital.
The bank has distinguished itself through innovative approaches to community banking, including its signature “Put Our Bank in Your Office” program, which has brought full online business banking solutions to over 1,000 businesses in the region.
With access to more than 55,000 free ATMs and comprehensive digital banking capabilities, MainStreet Bank continues to serve the needs of small to medium-sized businesses and retail customers.
This leadership transition represents a milestone for MainStreet Bancshares as it positionsitself for continued growth while honoring the legacy built by its founding leadership team.
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