MainStreet Bancshares sets $0.47 MNSBP dividend
MainStreet Bancshares, Inc. (MNSB) announced that its board declared a quarterly cash dividend on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares trading as MNSBP.
Rhea-AI Filing Summary
MainStreet Bancshares, Inc. (MNSB) announced that its board declared a quarterly cash dividend on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares trading as MNSBP. The issue consists of 1,150,000 depositary shares, each representing a 1/40th interest in a preferred share, with a liquidation preference of $1,000 per preferred share, equivalent to $25 per depositary share and $28,750,000 in aggregate liquidation preference. The declared dividend is approximately $0.47 per Depositary Share, or $18.75 per preferred share, payable on September 30, 2026 to shareholders of record as of September 15, 2026. Future dividends on this series, when and if declared, are scheduled to be payable quarterly in arrears on March 30, June 30, September 30, and December 30 of each year.
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Insights
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Depositary Shares issued: 1,150,000 Depositary Shares
Liquidation preference per preferred share: $1,000 per share of Series A Preferred Stock
Liquidation preference per Depositary Share: $25 per Depositary Share
+5 more
8 metrics
Depositary Shares issued
1,150,000 Depositary Shares
Aggregate MNSBP Depositary Shares representing interests in Series A preferred stock
Liquidation preference per preferred share
$1,000 per share of Series A Preferred Stock
Basis for liquidation preference of the preferred stock
Liquidation preference per Depositary Share
$25 per Depositary Share
Equivalent liquidation preference per MNSBP Depositary Share
Aggregate liquidation preference
$28,750,000
Total liquidation preference for all issued Depositary Shares
Declared dividend per Depositary Share
$0.47 per Depositary Share
Quarterly cash dividend declared on MNSBP Depositary Shares
Declared dividend per preferred share
$18.75 per share of Series A Preferred Stock
Equivalent dividend per underlying preferred share
Dividend payment date
September 30, 2026
Scheduled payment date for the declared dividend
Dividend record date
September 15, 2026
Shareholders of record date for receiving the dividend
Key Terms
Depositary Shares, Non-Cumulative, Perpetual Preferred Stock, liquidation preference, +1 more
5 terms
Non-Cumulative financial
"7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
Perpetual Preferred Stock financial
"7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock"
A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.
liquidation preference financial
"with a liquidation preference of $1,000 per share of Series A Preferred Stock"
A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.
in arrears financial
"will be payable quarterly, in arrears, on March 30, June 30, September 30 and December 30"
In arrears means a payment that was due has not been made on time, or that payments are scheduled to be made after the period they cover (for example, paying interest at the end of a month rather than at the start). For investors, arrears matter because they indicate possible cash-flow strain or higher credit risk and change when income or expenses are recognized—like a landlord not getting rent when expected, which can signal trouble or alter available cash.
FAQ
When is the MNSBP preferred dividend record and payment date?
The cash dividend on MainStreet Bancshares’ MNSBP Depositary Shares is payable on September 30, 2026 to shareholders of record as of the close of business on September 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 21, 2026
(Exact name of Registrant as Specified in Its Charter)
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(IRS Employer
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(Address of Principal Executive Offices)
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(Zip Code)
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(703 ) 481-4567
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
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Name of each exchange on which registered
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The
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interest in a share of 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock) |
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The
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On August 21, 2026, the Board of Directors of MainStreet Bancshares, Inc. announced the declaration of a quarterly cash dividend on the outstanding shares of the Company’s 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, par value $1.00 per share (the “Series A Preferred Stock”). On September 15 and 25, 2020, the Company issued an aggregate of 1,150,000 depositary shares (the “Depositary Shares”), each representing a 1/40th ownership interest in a share of the Series A Preferred Stock, with a liquidation preference of $1,000 per share of Series A Preferred Stock (equivalent to $25 per Depositary Share), which represents $28,750,000 in aggregate liquidation preference.
The declared cash dividend equated to approximately $0.47 per Depositary Share, or $18.75 per share of Series A Preferred Stock outstanding. The cash dividend is payable on September 30, 2026, to shareholders of record as of the close of business on September 15, 2026. When, as, and if declared by the Board of Directors, future dividend payment dates on the Series A Preferred Stock and associated Depositary Shares will be payable quarterly, in arrears, on March 30, June 30, September 30 and December 30 of each year.
The Company’s Depositary Shares trade on the Nasdaq Capital Market under the symbol “MNSBP.”
The information furnished under Item 8.01 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, and it shall not be deemed incorporated by reference in any filing under the Exchange Act, or the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing to this Form 8-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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MAINSTREET BANCSHARES, INC
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Date: August 21, 2026
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By:
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/s/ Richard A. Vari
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Name: Richard A. Vari
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Title: Chief Financial Officer
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