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)        December 18, 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., at a regularly scheduled board meeting on December
18, 2002, approved the nominations of Danny Perdue, Joel Shephard, and Michael
Turner to serve as directors of MainStreet BankShares, Inc. MainStreet
BankShares, Inc. is the holding company for Smith River Community Bank, N.A. and
Franklin Community Bank, N.A. Danny Perdue, Joel Shephard, and Michael Turner
are also directors of Franklin Community Bank, N.A. They are all very active in
the community in the trade area of Franklin Community Bank, N.A. Mr. Perdue is
currently the owner of the Franklin Panda, 604, and Redwood Minute Markets,
along with the Redwood Fuel Oil and Propane business, all located in Franklin
County. Mr. Shephard is the Owner and Manager of Virginia Home Furnishings,
Inc., Blue Ridge Antique Center, Inc., and 220 Self Storage, Inc. Prior to
developing his current businesses, Mr. Shephard served from 1986 to 1993 as a
Vice President and Portfolio Manager in the Funds Management Division of
Dominion BankShares, Inc. (acquired by First Union). Mr. Turner has served as
the Owner and President of Turner's Building, Inc. from 1976 to present.

Smith River Community Bank, N.A. has three branch locations in Martinsville, VA,
Bassett, VA and Stuart, VA. Franklin Community Bank, N.A. opened for operation
on September 16, 2002 in Rocky Mount, VA. Both banks were organized as
nationally chartered commercial banks and members of the Federal Reserve Bank of
Richmond.

A secondary offering of the common stock of MainStreet BankShares, Inc. has
provided the funds for the capitalization of Franklin Community Bank, N.A. The
secondary offering has been extended to December 31, 2002. The holding company
filed a registration on Form SB-2 with the Securities and Exchange Commission,
which was effective August 24, 2001 for the secondary offering. An amendment to
the prospectus was filed October 29, 2002.


                                       2
<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:  December 20, 2002              /s/ C. R. McCullar
                                      ------------------------------------

                                      C. R. McCullar
                                      President and CEO


Date:  December 20, 2002              /s/ Brenda H. Smith
                                      ------------------------------------

                                      Brenda H. Smith
                                      Executive Vice President/CFO/
                                      Corporate Secretary







                                       3
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{"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": "02864030"}, "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)        December 18, 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., at a regularly scheduled board meeting on December
18, 2002, approved the nominations of Danny Perdue, Joel Shephard, and Michael
Turner to serve as directors of MainStreet BankShares, Inc. MainStreet
BankShares, Inc. is the holding company for Smith River Community Bank, N.A. and
Franklin Community Bank, N.A. Danny Perdue, Joel Shephard, and Michael Turner
are also directors of Franklin Community Bank, N.A. They are all very active in
the community in the trade area of Franklin Community Bank, N.A. Mr. Perdue is
currently the owner of the Franklin Panda, 604, and Redwood Minute Markets,
along with the Redwood Fuel Oil and Propane business, all located in Franklin
County. Mr. Shephard is the Owner and Manager of Virginia Home Furnishings,
Inc., Blue Ridge Antique Center, Inc., and 220 Self Storage, Inc. Prior to
developing his current businesses, Mr. Shephard served from 1986 to 1993 as a
Vice President and Portfolio Manager in the Funds Management Division of
Dominion BankShares, Inc. (acquired by First Union). Mr. Turner has served as
the Owner and President of Turner's Building, Inc. from 1976 to present.

Smith River Community Bank, N.A. has three branch locations in Martinsville, VA,
Bassett, VA and Stuart, VA. Franklin Community Bank, N.A. opened for operation
on September 16, 2002 in Rocky Mount, VA. Both banks were organized as
nationally chartered commercial banks and members of the Federal Reserve Bank of
Richmond.

A secondary offering of the common stock of MainStreet BankShares, Inc. has
provided the funds for the capitalization of Franklin Community Bank, N.A. The
secondary offering has been extended to December 31, 2002. The holding company
filed a registration on Form SB-2 with the Securities and Exchange Commission,
which was effective August 24, 2001 for the secondary offering. An amendment to
the prospectus was filed October 29, 2002.

                                       2
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:  December 20, 2002              /s/ C. R. McCullar
                                      ------------------------------------

                                      C. R. McCullar
                                      President and CEO

Date:  December 20, 2002              /s/ Brenda H. Smith
                                      ------------------------------------

                                      Brenda H. Smith
                                      Executive Vice President/CFO/
                                      Corporate Secretary

                                       3