Richard Alexander  Vari net worth and biography

Richard Vari Biography and Net Worth

As Chief Financial Officer, Alex brings more than 16 years of community banking experience to MainStreet Bank. Alex works closely with the executive team to shape the financial strategic plan for maximum shareholder value while providing valuable forward-thinking insight and supporting innovation.

Having worked with community banks throughout his entire career, Alex brings a unique perspective of the industry’s challenges and strengths, from the teller window to the board room. He began his career as a bank teller, working his way through college while earning a bachelor’s degree in accountancy from the University of North Dakota. After graduation, he qualified as a certified public accountant (CPA) and joined Elliot Davis – a tax accounting, and consulting firm – where he worked exclusively with bank clients giving him a deep understanding of financial statements, internal operations, asset/liability management, and regulatory compliance for banks of all sizes.

Alex joined MainStreet Bank in 2018 and was promoted to Chief Financial Officer in 2025. He previously served as the bank’s Chief Account Officer and played a crucial role in the bank’s transition to a publicly traded company on the NASDAQ. He continues to guide MainStreet Bank’s financial operations, leveraging his technical expertise and strategic leadership skills to ensure MainStreet Bank’s financial health remains strong as it continues to grow.

Alex is a graduate of the Virginia Bankers Association School of Bank Management and serves as a teaching fellow for the organization. He serves on its Young Bankers Steering Committee and as a faculty member of its Management Development Program, where he teaches emerging bank leaders the ins and outs of bank finance and asset/liability management. He is also a member of the Leadership Council of the ALS Association DC/MD/VA Chapter.

What is Richard Alexander Vari's net worth?

The estimated net worth of Richard Alexander Vari is at least $799.17 thousand as of June 4th, 2026. Vari owns 34,036 shares of MainStreet Bank stock worth more than $799,165 as of August 4th. This net worth estimate does not reflect any other assets that Vari may own. Learn More about Richard Alexander Vari's net worth.

How do I contact Richard Alexander Vari?

The corporate mailing address for Vari and other MainStreet Bank executives is 10089 FAIRFAX BOULEVARD, FAIRFAX VA, 22030. MainStreet Bank can also be reached via phone at (703) 481-4567 and via email at [email protected]. Learn More on Richard Alexander Vari's contact information.

Has Richard Alexander Vari been buying or selling shares of MainStreet Bank?

Richard Alexander Vari has not been actively trading shares of MainStreet Bank over the course of the past ninety days. Most recently, Richard Alexander Vari sold 4,500 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $23.20, for a transaction totalling $104,400.00. Following the completion of the sale, the chief financial officer now directly owns 34,036 shares of the company's stock, valued at $789,635.20. Learn More on Richard Alexander Vari's trading history.

Who are MainStreet Bank's active insiders?

MainStreet Bank's insider roster includes Charles Brockett (Director), Thomas Chmelik (CFO), Jeff Dick (CEO), Russell Echlov (Director), Abdulhamid Hersiburane (President), Patsy Rust (Director), and Richard Vari (CFO). Learn More on MainStreet Bank's active insiders.

Are insiders buying or selling shares of MainStreet Bank?

In the last year, MainStreet Bank insiders bought shares 3 times. They purchased a total of 848 shares worth more than $16,123.36. In the last year, insiders at the sold shares 2 times. They sold a total of 11,738 shares worth more than $249,811.42. The most recent insider tranaction occured on June, 4th when CFO Richard Alexander Vari sold 4,500 shares worth more than $104,400.00. Insiders at MainStreet Bank own 10.2% of the company. Learn More about insider trades at MainStreet Bank.

Information on this page was last updated on 6/4/2026.

Richard Alexander Vari Insider Trading History at MainStreet Bank

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
6/4/2026Sell4,500$23.20$104,400.0034,036View SEC Filing Icon  
4/24/2024Buy310$16.05$4,975.5015,739View SEC Filing Icon  
5/9/2023Buy158$20.06$3,169.4813,692View SEC Filing Icon  
See Full Table

Richard Alexander Vari Buying and Selling Activity at MainStreet Bank

This chart shows Richard Alexander Vari's buying and selling at MainStreet Bank by year and by quarter.

Skip ChartChart Data in Insider Trading History Table

MainStreet Bank Company Overview

MainStreet Bank logo
MainStreet Bancshares, Inc. operates as the bank holding company for MainStreet Bank that provides various banking products and services for individuals, small to medium-sized businesses, and professional service organizations. The company offers demand, NOW, money market, savings, and sweep accounts, as well as certificates of deposit; business and consumer checking, interest-bearing checking, business account analysis, and other depository services; and cash management, wire transfer, check imaging, bill pay, remote deposit capture, and courier services. It also provides commercial loans, include government contract receivables, plant and equipment, general working capital, contract administration, and acquisition loans; commercial real estate, real estate construction, and residential real estate loans; and consumer loans comprising term loans and overdraft protection, as well as debit and credit cards. In addition, the company offers deposit insurance solutions; remote deposit of checks; and internet bill payment, online cash management, and online and mobile banking services. It operates in Herndon, Fairfax, McLean, Leesburg, Clarendon, and Washington D.C., as well as automated teller machines. The company was incorporated in 2003 and is headquartered in Fairfax, Virginia.
Read More

Today's Range

Now: $23.48
Low: $23.14
High: $23.48

50 Day Range

MA: $23.90
Low: $22.68
High: $25.09

2 Week Range

Now: $23.48
Low: $17.86
High: $25.28

Volume

29,928 shs

Average Volume

49,913 shs

Market Capitalization

$167.18 million

P/E Ratio

11.51

Dividend Yield

1.73%

Beta

0.53