MainStreet Financial Corporation Stock

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.