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)       September 16, 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 ("OCC") on October 24, 2001 and from the Federal Deposit Insurance
Corporation ("FDIC") on November 2, 2001. Final approval was received from the
OCC on September 12, 2002 and from the FDIC on September 12, 2002 with
permission to open on September 16, 2002. The State Corporation Commission and
the Federal Reserve Bank, N.A. both gave approvals for MainStreet BankShares,
Inc. to acquire 100% of the stock of Franklin Community Bank, N.A. on July 23,
2002 and July 18, 2002, respectively. Franklin Community Bank, N.A. did open for
business on September 16, 2002. 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.

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:  September 17, 2002                  /s/ C. R. McCullar
                                           ------------------------------------

                                           President and CEO


Date:  September 17, 2002                  /s/ Brenda H. Smith
                                           ------------------------------------

                                           Senior Vice President/CFO
                                           Corporate Secretary
[{"type": "8-K", "sequence": "1", "filename": "main8k.txt", "description": "FORM 8-K", "secsgml_size_bytes": 4955}]
{"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": "02765435"}, "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)       September 16, 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 ("OCC") on October 24, 2001 and from the Federal Deposit Insurance
Corporation ("FDIC") on November 2, 2001. Final approval was received from the
OCC on September 12, 2002 and from the FDIC on September 12, 2002 with
permission to open on September 16, 2002. The State Corporation Commission and
the Federal Reserve Bank, N.A. both gave approvals for MainStreet BankShares,
Inc. to acquire 100% of the stock of Franklin Community Bank, N.A. on July 23,
2002 and July 18, 2002, respectively. Franklin Community Bank, N.A. did open for
business on September 16, 2002. 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.

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:  September 17, 2002                  /s/ C. R. McCullar
                                           ------------------------------------

                                           President and CEO

Date:  September 17, 2002                  /s/ Brenda H. Smith
                                           ------------------------------------

                                           Senior Vice President/CFO
                                           Corporate Secretary