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)        June 19, 2002
                                                 ------------------------------



                           MainStreet BankShares, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)







   Virginia                        333-86993                     54-1956616
--------------------------------------------------------------------------------
(State or other                   (Commission                (I.R.S. Employer
Jurisdiction                      File Number)               Identification No.)
of incorporation)






Suite 12, Patrick Henry Mall, 730 East Church Street,
   Martinsville, Virginia                                              24112
--------------------------------------------------------------------------------
       (Address of principal executive offices)                      (Zip Code)






Registrant's telephone number, including area code      (276) 632-8054
                                                   -------------------------



--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

<PAGE>

Item 5.  Other Events

MainStreet BankShares, Inc. filed a registration statement on Form SB-2 with the
Securities and Exchange Commission that became effective on August 24, 2001. The
registration  statement  is a  secondary  offering to offer a minimum of 510,850
shares of common  stock and a maximum of 801,807  shares of common  stock to the
public at $10.50 per share. The registration statement also offers 60,574 shares
of common  stock at $10.50 per share to the  organizing  directors  of  Franklin
Community  Bank,  N.A.  The  primary  reason for the  secondary  offering  is to
organize and capitalize  Franklin Community Bank, N.A.  ("Franklin Bank"), to be
an additional wholly owned subsidiary of MainStreet BankShares,  Inc. Currently,
MainStreet  BankShares,  Inc.  has one  wholly  owned  subsidiary,  Smith  River
Community Bank, N.A.

Franklin  Community  Bank,  N.A., is being  organized as a nationally  chartered
commercial  bank and member of the Federal  Reserve Bank of  Richmond.  Franklin
Bank received its preliminary approval from the Office of the Comptroller of the
Currency on October 24, 2001 and from the Federal Deposit Insurance  Corporation
(FDIC) on November  2, 2001.  Franklin  Bank's  initial  capitalization  will be
provided  from the net proceeds of the offering by MainStreet  BankShares,  Inc.
purchasing  all 547,619  shares of Franklin  Bank's common  stock.  The purchase
price per share is $10.50. Franklin Bank plans to operate, much like Smith River
Community  Bank,  N.A.,  as  a  locally-owned   and  operated   commercial  bank
emphasizing  personal customer service and other advantages  incident to banking
with a  locally-owned  community bank. In the early years, it will rely on local
advertising  and the personal  contacts of its directors and employees,  and our
shareholders  to attract  customers and business to the Bank.  The Franklin Bank
will initially be located at 400 Old Franklin Turnpike,  Suite 108, Rocky Mount,
Virginia. It is anticipated that the Franklin Bank will open Summer 2002.

As provided in the registration statement,  the offering would terminate at June
30,  2002 if the  minimum  of all  shares of common  stock to the public and the
organizers of 571,424 had not been sold, but MainStreet BankShares, Inc reserved
the right to extend the offering to December 31, 2002. The Board of Directors of
MainStreet BankShares,  Inc. voted unanimously at a regular meeting of the board
on June 19, 2002, to extend the offering to September 30, 2002.




<PAGE>
                                   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.



Date:  June 21, 2002                   /s/ C. R. McCullar
                                       ------------------------------------
                                       President and CEO


Date:  June 21, 2002                   /s/ Brenda H. Smith
                                       ------------------------------------
                                       Senior Vice President/CFO
                                       Corporate Secretary
[{"type": "8-K", "sequence": "1", "filename": "main_8k.txt", "description": "FORM 8-K", "secsgml_size_bytes": 4826}]
{"company-data": {"conformed-name": "MAINSTREET BANKSHARES INC", "cik": "0001094742", "assigned-sic": "6021", "irs-number": "541956616", "state-of-incorporation": "VA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-86993", "film-number": "02683886"}, "business-address": {"street1": "730 E CHURCH ST STE 12", "street2": "PO BOX 1224", "city": "MARTINSVILLE", "state": "VA", "zip": "24114", "phone": "5406328092"}, "mail-address": {"street1": "730 E CHURCH ST STE 12", "street2": "PO BOX 1224", "city": "MARTSINVILLE", "state": "VA", "zip": "24114"}, "former-company": {"former-conformed-name": "SMITH RIVER BANKSHARES INC", "date-changed": "19990909"}}
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)        June 19, 2002
                                                 ------------------------------

                           MainStreet BankShares, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

   Virginia                        333-86993                     54-1956616
--------------------------------------------------------------------------------
(State or other                   (Commission                (I.R.S. Employer
Jurisdiction                      File Number)               Identification No.)
of incorporation)

Suite 12, Patrick Henry Mall, 730 East Church Street,
   Martinsville, Virginia                                              24112
--------------------------------------------------------------------------------
       (Address of principal executive offices)                      (Zip Code)

Registrant's telephone number, including area code      (276) 632-8054
                                                   -------------------------

--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
Item 5.  Other Events

MainStreet BankShares, Inc. filed a registration statement on Form SB-2 with the
Securities and Exchange Commission that became effective on August 24, 2001. The
registration  statement  is a  secondary  offering to offer a minimum of 510,850
shares of common  stock and a maximum of 801,807  shares of common  stock to the
public at $10.50 per share. The registration statement also offers 60,574 shares
of common  stock at $10.50 per share to the  organizing  directors  of  Franklin
Community  Bank,  N.A.  The  primary  reason for the  secondary  offering  is to
organize and capitalize  Franklin Community Bank, N.A.  ("Franklin Bank"), to be
an additional wholly owned subsidiary of MainStreet BankShares,  Inc. Currently,
MainStreet  BankShares,  Inc.  has one  wholly  owned  subsidiary,  Smith  River
Community Bank, N.A.

Franklin  Community  Bank,  N.A., is being  organized as a nationally  chartered
commercial  bank and member of the Federal  Reserve Bank of  Richmond.  Franklin
Bank received its preliminary approval from the Office of the Comptroller of the
Currency on October 24, 2001 and from the Federal Deposit Insurance  Corporation
(FDIC) on November  2, 2001.  Franklin  Bank's  initial  capitalization  will be
provided  from the net proceeds of the offering by MainStreet  BankShares,  Inc.
purchasing  all 547,619  shares of Franklin  Bank's common  stock.  The purchase
price per share is $10.50. Franklin Bank plans to operate, much like Smith River
Community  Bank,  N.A.,  as  a  locally-owned   and  operated   commercial  bank
emphasizing  personal customer service and other advantages  incident to banking
with a  locally-owned  community bank. In the early years, it will rely on local
advertising  and the personal  contacts of its directors and employees,  and our
shareholders  to attract  customers and business to the Bank.  The Franklin Bank
will initially be located at 400 Old Franklin Turnpike,  Suite 108, Rocky Mount,
Virginia. It is anticipated that the Franklin Bank will open Summer 2002.

As provided in the registration statement,  the offering would terminate at June
30,  2002 if the  minimum  of all  shares of common  stock to the public and the
organizers of 571,424 had not been sold, but MainStreet BankShares, Inc reserved
the right to extend the offering to December 31, 2002. The Board of Directors of
MainStreet BankShares,  Inc. voted unanimously at a regular meeting of the board
on June 19, 2002, to extend the offering to September 30, 2002.
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.

Date:  June 21, 2002                   /s/ C. R. McCullar
                                       ------------------------------------
                                       President and CEO

Date:  June 21, 2002                   /s/ Brenda H. Smith
                                       ------------------------------------
                                       Senior Vice President/CFO
                                       Corporate Secretary