Preferred dividend set for MainStreet Bancshares (NASDAQ: MNSB)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
MainStreet Bancshares, Inc. declared a quarterly cash dividend on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend amounts to approximately
The Depositary Shares, each representing a 1/40th interest in a share of Series A Preferred Stock, total 1,150,000 and carry an aggregate liquidation preference of
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- None.
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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): February 20, 2026
(Exact name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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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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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 February 20, 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 March 30, 2026, to shareholders of record as of the close of business on March 13, 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: February 20, 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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FAQ
What dividend did MainStreet Bancshares (MNSB) declare on its preferred stock?
MainStreet Bancshares declared a quarterly cash dividend on its 7.50% Series A Preferred Stock. The dividend equals approximately $0.47 per Depositary Share, or $18.75 per share of Series A Preferred Stock, reflecting the stated 7.50% fixed-rate coupon on this non-cumulative issue.
When will MainStreet Bancshares (MNSB) pay the latest preferred dividend?
The declared cash dividend will be paid on March 30, 2026 . Shareholders must be on record as of the close of business on March 13, 2026 to receive this payment on the 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
How many MainStreet Bancshares (MNSB) Depositary Shares are outstanding for the Series A Preferred?
MainStreet Bancshares has 1,150,000 Depositary Shares outstanding for its Series A Preferred Stock. Each Depositary Share represents a 1/40th ownership interest in a share with a liquidation preference of $1,000 , equivalent to $25 per Depositary Share and $28,750,000 aggregate liquidation preference.
What is the trading symbol and market for MainStreet’s preferred Depositary Shares?
The Depositary Shares representing interests in MainStreet’s 7.50% Series A Preferred Stock trade on the Nasdaq Capital Market under the symbol MNSBP. These securities provide exchange-traded access to the preferred dividend stream and liquidation preference described in the company’s disclosure.
How often does MainStreet Bancshares (MNSB) plan to pay dividends on its Series A Preferred Stock?
Dividends on the Series A Preferred Stock and related Depositary Shares are expected to be paid quarterly, when declared. Scheduled payment dates are March 30, June 30, September 30 and December 30 of each year, with payments made in arrears subject to Board declaration.
Filing Exhibits & Attachments
4 documents
Mainstreet Bancshares Inc