Main Street Financial Services Corp. Stock Analysis MSWV

Main Street Financial Services Corp. is a bank holding firm, which engages in the ownership and management of its wholly owned subsidiary, Main Street Bank Corp. The company is headquartered in Wooster, Ohio. The company went IPO on 2019-05-30. The Company’s primary subsidiary, Main Street Bank Corp., provides full-service banking, commercial lending, and mortgage services across its branch infrastructure. The firm operates through a single segment, commercial banking, which provides a broad array of financial products and services, including commercial and consumer banking services, to individual and business clients. The Company’s primary deposit products are checking, savings, money market and term certificate accounts. The Company’s primary lending products are residential mortgage, commercial and installment loans. Substantially all loans are secured by specific items of collateral including business assets, consumer assets and real estate. The firm operates approximately 20 branch locations in Wooster, Ohio, Wheeling, West Virginia and other surrounding communities in Ohio and West Virginia.