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<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>WASHINGTON, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM S-8  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=3><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>MAIN STREET BANKS,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(Exact name of registrant as specified in its charter) </FONT></P>

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<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>Georgia</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>58-2104977</B></FONT></TD>
</TR>
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<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2>(State or other jurisdiction<BR>
of incorporation or organization)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2>(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2><B>676 Chastain Road<BR>
Kennesaw, Georgia 30144<BR>  </B></FONT><FONT SIZE=2>Address and Zip Code of Principal Executive Offices) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Main Street Bank 401(k)&nbsp;Profit Sharing Plan<BR>  </B></FONT><FONT SIZE=2>(Full title of the Plan) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Edward C. Milligan,<BR>
President and Chief Executive Officer<BR>
Main Street Banks,&nbsp;Inc.<BR>
676 Chastain Road<BR>
Kennesaw, GA 30144<BR>
(770)&nbsp;422-2888<BR>  </B></FONT><FONT SIZE=2>(Name and address and telephone number (including area code) of agent for service) </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>with copies to.</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>T. Kennerly Carroll, Jr.<BR>
Miller&nbsp;&amp; Martin LLP<BR>
1275 Peachtree Street, N.E.<BR>
7th Floor<BR>
Atlanta, Georgia 30309<BR>
(404)&nbsp;962-6406  </B></FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><B> Calculation of Registration Fee  </B></FONT></P>

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<TH WIDTH="36%" ALIGN="CENTER"><FONT SIZE=1><B>Title of securities<BR>
to be registered</B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Amount to be<BR>
Registered</B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Proposed maximum<BR>
offering price per share</B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=1><B>Proposed maximum<BR>
aggregate offering price</B></FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Amount of<BR>
registration fee</B></FONT><BR></TH>
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<TD WIDTH="36%" ALIGN="CENTER"><FONT SIZE=2>Main Street Banks, Inc.<BR>
Common Stock<BR>
No par value</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>100,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$18.94(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>$1,894,000(1)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>$174.25(1)</FONT></TD>
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<TD WIDTH="36%" ALIGN="CENTER"><FONT SIZE=2>Participation Interests in the Main Street Bank 401(k) Profit Sharing Plan</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>(2)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>(3)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>(3)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>(3)</FONT></TD>
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<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Pursuant
to Rule&nbsp;457 (c)&nbsp;and (h), the proposed offering price per share, the proposed aggregate offering price and the registration fee for the common stock have been
computed with respect to the aggregate contribution of employees as if all plan participants invested in the 100,000 shares of common stock of the Registrant to be purchased on the open market,
computed and based on the average of the high and low common stock price of the Registrant on October&nbsp;31, 2002.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Pursuant
to Rule&nbsp;416(c) under the securities Act of 1933, as amended, this Registration Statement covers an indeterminate amount of interests ("Participation Interests") to be
offered or sold pursuant to the employee benefit plan described herein.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Not
applicable. </FONT></DD></DL>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de1533_part_ii_information_req__de102468"> </A>
<A NAME="toc_de1533_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART II    <BR>    INFORMATION REQUIRED IN THE REGISTRATION STATEMENT    <BR>  </B></FONT></P>


<P><FONT SIZE=2><A
NAME="de1533_item_3._incorporation_of_documents_by_reference"> </A>
<A NAME="toc_de1533_2"> </A></FONT> <FONT SIZE=2><B>Item 3. </B></FONT><FONT SIZE=2><B><I>Incorporation of Documents by Reference</I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed by the Registrant with the Commission are incorporated by reference in this Registration Statement: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>a.</FONT></DT><DD><FONT SIZE=2>The
Registrant's Annual Report on Form&nbsp;10-K for its fiscal year ended December&nbsp;31, 2001, filed with the Securities and Exchange Commission on March&nbsp;29,
2002.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>b.</FONT></DT><DD><FONT SIZE=2>All
other reports filed by the Registrant pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since the end of the fiscal year covered
by the Registrant document referred to in paragraph&nbsp;(a) above.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>c.</FONT></DT><DD><FONT SIZE=2>The
description of the Registrant's common stock to be offered hereby is contained in the Registrant's Registration Statement filed on form&nbsp;8-A, as filed on
November&nbsp;7, 1994, as amended, including any amendments or reports filed for the purpose of updating such description. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Registrant or the Plan pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, after the date of filing of this
Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of the filing of such documents. Any statement contained herein or in a document incorporated or
deemed to be incorporated herein by reference shall be deemed to be modified or superseded for purposes hereof to the extent that a statement contained herein or in any subsequently filed document
which also is, or is deemed to be,
incorporated herein by reference modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part hereof, except as modified or superseded. </FONT></P>


<P><FONT SIZE=2><A
NAME="de1533_item_4._description_of_securities"> </A>
<A NAME="toc_de1533_3"> </A>
<BR></FONT><FONT SIZE=2><B>Item 4. </B></FONT><FONT SIZE=2><B><I>Description of Securities</I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1533_item_5._interests_of_named_experts_and_counsel"> </A>
<A NAME="toc_de1533_4"> </A>
<BR></FONT><FONT SIZE=2><B>Item 5. </B></FONT><FONT SIZE=2><B><I>Interests of Named Experts and Counsel    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>


<P><FONT SIZE=2><A
NAME="de1533_item_6._indemnification_of_directors_and_officers"> </A>
<A NAME="toc_de1533_5"> </A>
<BR></FONT><FONT SIZE=2><B>Item 6. </B></FONT><FONT SIZE=2><B><I>Indemnification of Directors and Officers    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sections 14-2-850 through 14-2-859 of the Georgia Business Corporation Code set forth provisions pertaining to the
indemnification of and insurance for directors and officers of the Registrant. The Georgia Business Corporation Code provides for the mandatory indemnification of a director, against reasonable
expenses incurred by the director in connection with a proceeding, where a director is wholly successful in the defense of the proceeding and where the proceeding is one to which he or she was a party
because he or she was a director of the corporation unless such indemnification is contrary to provisions contained in the Registrant's Articles of Incorporation (the "Articles"). The Georgia Business
Corporation Code also grants the Registrant additional authority to indemnify its directors, officers, employees and agents against liability for certain of their acts. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;10
of the Registrant's Articles limits the liability of directors of the Registrant for monetary damages arising out of a breach of any duty as a director, except
liability for: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD><FONT SIZE=2>any
appropriation, in violation of his or her duties, of any business opportunity of the corporation;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD><FONT SIZE=2>acts
or omissions not in good faith or which involve intentional misconduct or a known violation of law;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD><FONT SIZE=2>the
types of liability set forth in Section&nbsp;14-2-832 of the Georgia Business Corporation Code dealing with unlawful
distributions of corporate assets to shareholders; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iv)</FONT></DT><DD><FONT SIZE=2>any
transaction form which the director derived an improper material tangible personal benefit. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Articles provide that any repeal or modification of the foregoing provisions may be prospective only and may not adversely affect any right or protection of a director existing at
the time of such repeal or modification. Any repeal or modification requires the affirmative vote of: (a)&nbsp;two-thirds (<SUP>2</SUP>/<SMALL>3</SMALL>rds) of the directors then in office; or
(b)&nbsp;two-thirds (<SUP>2</SUP>/<SMALL>3</SMALL>rds) of the issued and outstanding shares of the Registrant entitled to vote thereon, after being given proper notice. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.2(a)
of the Bylaws provides that the Registrant shall indemnify or obligate itself to indemnify an individual director made a party to a proceeding if he acted in a
manner he believed in good faith to be in, or not opposed to, the best interests of the Registrant and, in the case of any criminal proceeding, had no reasonable cause to believe that conduct was
unlawful. Pursuant to section&nbsp;9.2(d), the Registrant may not indemnify a director under Section&nbsp;9.2 of the Bylaws: (i)&nbsp;in connection with a proceeding by, or in the right of the
Registrant in which the director was adjudged to be liable to the Registrant; or (ii)&nbsp;in connection with any other proceeding in which he was adjudged liable on the basis that personal benefit
was improperly received by him. Notwithstanding the foregoing, indemnification under Section&nbsp;9.2 is limited to reasonable expenses incurred in connection with the proceeding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.3
of the Bylaws provides that, to the extent a director has been successful, on the merits or otherwise, in the defense of any proceeding to which he was a party, or in
defense of any claim, issue or matter therein, because he is or was a director of the Registrant, the Registrant shall indemnify the director against reasonable expenses incurred by him in connection
therewith. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According
to Section&nbsp;9.5 of the Bylaws, upon application by a director, a court may order indemnification or advancement for expenses in it determines that: (1)&nbsp;the
director is entitled to mandatory indemnification pursuant to Section&nbsp;9.3 of the Bylaws, in which case, the court shall also order the Registrant to pay the director's reasonable expenses
incurred to obtain the court-ordered indemnification; (ii)&nbsp;the director is fairly and reasonably entitled to indemnification in view of all relevant circumstances, whether or not he met the
standard of conduct contained in Section&nbsp;9.2(a) of the Bylaws or was adjudged liable as described in Section&nbsp;9.2(d); however, if he was adjudged so liable the indemnification shall be
limited to reasonable expenses incurred unless otherwise stated by contract, resolution ratified or approved by the stockholders or Articles; or (iii)&nbsp;in the case of advances for expenses, the
director is entitled to payment, according to the Articles, Bylaws, or any resolution or contract, of reasonable expenses incurred as a party to a proceeding in advance of final disposition of the
proceeding. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;9.7
of the Bylaws allows the Registrant to indemnify a director made a party to any proceeding, including a proceeding brought by or in the right of the Registrant,
without regard to limitations set forth elsewhere in the Bylaws or Georgia Business Corporation Code, so long as such indemnification or obligation is authorized by the Articles, the Bylaws, contract,
or a resolution approved or ratified by the shareholders by a majority of the votes entitled to be cast, except that if </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<P><FONT SIZE=2>
liability is incurred in any proceeding in which the director is adjudged to be liable to the Registrant or is subjected to injunctive relief in favor of the Registrant: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD><FONT SIZE=2>For
any appropriation, in violation of his or her duties, of any business opportunity of the Registrant;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD><FONT SIZE=2>For
acts or omissions that involve intentional misconduct or known violations of law;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD><FONT SIZE=2>For
the types of liability set forth in Section&nbsp;14-2-832 of the Georgia Business Corporation Code; or
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iv)</FONT></DT><DD><FONT SIZE=2>For
any transaction in which the director received an improper personal benefit, </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>Indemnification
shall not be permitted. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
set forth in Section&nbsp;9.8 of the Bylaws, an officer of the Registrant who is not a director is entitled to indemnification and advancement of expenses to the same extent, and
subject to the same conditions, except with respect to court-ordered indemnification under Section&nbsp;9.5 of the Bylaws, to which such officer shall have no right, as a director of the Registrant. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Also
pursuant to Section&nbsp;9.8 of the Bylaws, an employee or agent of the Registrant who is not a director or officer is entitled to indemnification and advancement of expenses to
the same extent, and subject to the same conditions, except with respect to shareholder approved indemnification under Section&nbsp;9.7 of the Bylaws, to which such employee or agent shall have no
right, as a director of the Registrant. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing, Section&nbsp;9.12 of the Bylaws provides that if the Georgia Business Corporation Code's provisions dealing with indemnification of directors, officers,
agents and employees is ever amended to broaden the parameters of authorized indemnification, then the indemnification of such persons by the Registrant shall be expanded to the fullest extent
permitted by Georgia law. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1533_item_7._exemption_from_registration_claimed"> </A>
<A NAME="toc_de1533_6"> </A>
<BR></FONT><FONT SIZE=2><B>Item 7. </B></FONT><FONT SIZE=2><B><I>Exemption from Registration Claimed    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1533_item_8._exhibits"> </A>
<A NAME="toc_de1533_7"> </A>
<BR></FONT><FONT SIZE=2><B>Item 8. </B></FONT><FONT SIZE=2><B><I>Exhibits    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed as part of the Registration Statement: </FONT></P>

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<TH WIDTH="8%" ALIGN="LEFT"><FONT SIZE=1><B>Exhibit<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="89%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>4.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2>Articles of Incorporation of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.1 to Registration Statement No. 33-78046 on Form S-4) as amended by Certificate of Merger and Name Change (incorporated by
reference to Exhibit 3.1 of the December 31, 1996, Form 10-KSB).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Bylaws of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.2 to Registration Statement No. 33-78046 on Form S-4).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Main Street Bank 401(k) Profit Sharing Plan and Trust (the "Plan"), revised May 6, 1992.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Main Street Bank 401(k) Profit Sharing Plan Adoption Agreement, effective October 1, 2001.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
23</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Consent of Ernst &amp; Young LLP.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
99.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Plan Annual Report filed with the Internal Revenue Service on or about September 13, 2002.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><BR>
99.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="89%"><FONT SIZE=2><BR>
Plan Audited Financial Statements and Supplemental Schedule for the year ended December 31, 2001.</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
opinion of counsel is not being filed because the securities being registered are not original issuance securities. The Registrant has submitted the Plan and any amendments thereto to
the Internal Revenue
Service in a timely manner and will make all changes required by the Internal Revenue Service to maintain qualification of the Plan. </FONT></P>


<P><FONT SIZE=2><A
NAME="de1533_item_9._undertakings"> </A>
<A NAME="toc_de1533_8"> </A>
<BR></FONT><FONT SIZE=2><B>Item 9. </B></FONT><FONT SIZE=2><B><I>Undertakings    <BR>  </I></B></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>The
undersigned Registrant hereby undertakes: </FONT></DD></DL>
</UL>
<UL>
<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD><FONT SIZE=2>To
include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD><FONT SIZE=2>To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
Post-Effective Amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the Registration Statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in volume and price represent no
more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD><FONT SIZE=2>To
include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material
change to such information in the Registration Statement; </FONT></DD></DL>
</UL>
</UL>
</UL>
<UL>
<UL>

<P><FONT SIZE=2><I>provided, however,</I></FONT><FONT SIZE=2> that paragraphs (a)(1)(i)&nbsp;and (a)(1)(ii)&nbsp;do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or
Section&nbsp;15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><FONT SIZE=2><I>bona
fide</I></FONT><FONT SIZE=2> offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual
report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
Section&nbsp;15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><FONT SIZE=2><I>bona fide</I></FONT><FONT SIZE=2> offering thereof. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;The
undersigned Registrant hereby undertakes to deliver or cause to be delivered with the prospectus, to each person to whom the prospectus is sent or given, the latest
annual report to security holders that is incorporated by reference in the prospectus and furnished pursuant to and meeting the requirements of Rule&nbsp;14a-3 or
Rule&nbsp;14c-3 under the Securities Exchange Act of 1934; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

<HR NOSHADE>
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<A NAME="page_de1533_1_6"> </A>
<UL>
<BR>

<P><FONT SIZE=2>
and, where interim financial information required to be presented by Article&nbsp;3 of Regulation&nbsp;S-X are not set forth in the prospectus, to deliver, or cause to be delivered to
each person to whom the prospectus is sent or given, the latest quarterly report that is specifically incorporated by reference in the prospectus to provide such interim financial information. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 Act and will be governed by the final adjudication of such issue. </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
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<UL>
<BR>
</UL>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dg1533_1_7"> </A> </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1533_signatures"> </A>
<A NAME="toc_dg1533_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements
for filing on Form&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Kennesaw, State of
Georgia, on the 28th day of October&nbsp;2002. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2><B>MAIN STREET BANKS,&nbsp;INC.</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>EDWARD C. MILLIGAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Edward C. Milligan<BR></FONT> <FONT SIZE=2><I>Chief Executive Officer and Chairman</I></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="38%" ALIGN="CENTER"><FONT SIZE=1><B>Signature<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="46%" ALIGN="CENTER"><FONT SIZE=1><B>Title</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="11%" ALIGN="CENTER"><FONT SIZE=1><B>Date</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>EDWARD C. MILLIGAN</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Edward C. Milligan</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2>Chief Executive Officer and Chairman</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>10/28/02</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ROBERT D. MCDERMOTT</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Robert D. McDermott</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%"><FONT SIZE=2><BR>
Chief Financial Officer<BR>
(Principal Financial and Accounting Officer)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER"><FONT SIZE=2><BR>
10/31/02</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>SAMUEL B. HAY III</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Samuel B. Hay III</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
President and Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
10/29/02</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ROBERT R. FOWLER III</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Robert R. Fowler III</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
Vice Chairman and Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
10/29/02</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><BR><HR NOSHADE><FONT SIZE=2> P. Harris Hines</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><BR><HR NOSHADE><FONT SIZE=2> Harry L. Hudson Jr.</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>C. CANDLER HUNT</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> C. Candler Hunt</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
11/01/02</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

<HR NOSHADE>
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<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>FRANK B. TURNER</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Frank B. Turner</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="46%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="11%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><BR>
10/30/02</FONT></TD>
</TR>
</TABLE>
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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the registration requirements of the Securities Act of 1933, as amended, the Plan Trustees have duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of Kennesaw, State of Georgia, on October&nbsp;29, 2002. </FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2><FONT SIZE=2>Main Street Bank 401(k) Profit Sharing Plan</FONT><HR NOSHADE><FONT SIZE=2> (Plan)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="39%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="54%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>SAMUEL B. HAY III</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Samuel B. Hay III, </FONT><FONT SIZE=2><I>Trustee</I></FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_ka1533_1_9"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ka1533_index_to_exhibits"> </A>
<A NAME="toc_ka1533_1"> </A>
<BR></FONT><FONT SIZE=2><B><I>Index to Exhibits    <BR>  </I></B></FONT></P>

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<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Exhibit<BR>
Number</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="88%" ALIGN="CENTER"><FONT SIZE=1><B>Description</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>4.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2>Articles of Incorporation of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.1 to Registration Statement No. 33-78046 on Form S-4) as amended by Certificate of Merger and Name Change (incorporated by
reference to Exhibit 3.1 of the December 31, 1996, Form 10-KSB).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Bylaws of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.2 to Registration Statement No. 33-78046 on Form S-4).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Main Street Bank 401(k) Profit Sharing Plan and Trust (the "Plan"), revised May 6, 1992.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
4.4</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Main Street Bank 401(k) Profit Sharing Plan Adoption Agreement, effective October 1, 2001.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
23</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Consent of Ernst &amp; Young LLP.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
99.l</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Plan Annual Report filed with the Internal Revenue Service on or about September 13, 2002.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2><BR>
99.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="88%"><FONT SIZE=2><BR>
Plan Audited Financial Statements and Supplemental Schedule for the year ended December 31, 2001.</FONT></TD>
</TR>
</TABLE>
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<P ALIGN="CENTER"><FONT SIZE=2>9</FONT></P>

<HR NOSHADE>
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<BR>
<P><br><A NAME="02ATA1533_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_de1533_1">PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_de1533_2">Item 3. Incorporation of Documents by Reference</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_3">Item 4. Description of Securities</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_4">Item 5. Interests of Named Experts and Counsel</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_5">Item 6. Indemnification of Directors and Officers</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_6">Item 7. Exemption from Registration Claimed</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_7">Item 8. Exhibits</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1533_8">Item 9. Undertakings</A></FONT><BR>
</UL>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dg1533_1">SIGNATURES</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ka1533_1">Index to Exhibits</A></FONT><BR>
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{"company-data": {"conformed-name": "MAIN STREET BANKS INC /NEW/", "cik": "0000922244", "assigned-sic": "6029", "irs-number": "582104977", "state-of-incorporation": "GA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-101079", "film-number": "02812722"}, "business-address": {"street1": "676 CHASTAIN ROAD", "city": "KENNESAW", "state": "GA", "zip": "30144", "phone": "7704222888"}, "mail-address": {"street1": "676 CHASTAIN ROAD", "city": "KENNEWAW", "state": "GA", "zip": "30144"}, "former-company": [{"former-conformed-name": "WESTSIDE FINANCIAL CORP", "date-changed": "19940425"}, {"former-conformed-name": "WESTSIDE BANK & TRUST CO", "date-changed": "19941108"}, {"former-conformed-name": "WESTSIDE FINANCIAL CORP /GA/", "date-changed": "19960305"}, {"former-conformed-name": "FIRST STERLING BANKS INC", "date-changed": "19970827"}]}
QuickLinks
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MAIN STREET BANKS, INC.
(Exact name of registrant as specified in its charter)
Georgia
58-2104977
(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer
Identification No.)
676 Chastain Road
Kennesaw, Georgia 30144
Address and Zip Code of Principal Executive Offices)
Main Street Bank 401(k) Profit Sharing Plan
(Full title of the Plan)
Edward C. Milligan,
President and Chief Executive Officer
Main Street Banks, Inc.
676 Chastain Road
Kennesaw, GA 30144
(770) 422-2888
(Name and address and telephone number (including area code) of agent for service)
with copies to.
T. Kennerly Carroll, Jr.
Miller & Martin LLP
1275 Peachtree Street, N.E.
7th Floor
Atlanta, Georgia 30309
(404) 962-6406
Calculation of Registration Fee
Title of securities
to be registered
Amount to be
Registered
Proposed maximum
offering price per share
Proposed maximum
aggregate offering price
Amount of
registration fee
Main Street Banks, Inc.
Common Stock
No par value
100,000
$18.94(1)
$1,894,000(1)
$174.25(1)
Participation Interests in the Main Street Bank 401(k) Profit Sharing Plan
(2)
(3)
(3)
(3)
(1)
Pursuant
to Rule 457 (c) and (h), the proposed offering price per share, the proposed aggregate offering price and the registration fee for the common stock have been
computed with respect to the aggregate contribution of employees as if all plan participants invested in the 100,000 shares of common stock of the Registrant to be purchased on the open market,
computed and based on the average of the high and low common stock price of the Registrant on October 31, 2002.
(2)
Pursuant
to Rule 416(c) under the securities Act of 1933, as amended, this Registration Statement covers an indeterminate amount of interests ("Participation Interests") to be
offered or sold pursuant to the employee benefit plan described herein.
(3)
Not
applicable.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
The
following documents filed by the Registrant with the Commission are incorporated by reference in this Registration Statement:
a.
The
Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2001, filed with the Securities and Exchange Commission on March 29,
2002.
b.
All
other reports filed by the Registrant pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") since the end of the fiscal year covered
by the Registrant document referred to in paragraph (a) above.
c.
The
description of the Registrant's common stock to be offered hereby is contained in the Registrant's Registration Statement filed on form 8-A, as filed on
November 7, 1994, as amended, including any amendments or reports filed for the purpose of updating such description.
All
documents subsequently filed by the Registrant or the Plan pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, after the date of filing of this
Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining
unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of the filing of such documents. Any statement contained herein or in a document incorporated or
deemed to be incorporated herein by reference shall be deemed to be modified or superseded for purposes hereof to the extent that a statement contained herein or in any subsequently filed document
which also is, or is deemed to be,
incorporated herein by reference modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part hereof, except as modified or superseded.
Item 4.
Description of Securities
Not
applicable.
Item 5.
Interests of Named Experts and Counsel
Not applicable.
Item 6.
Indemnification of Directors and Officers
Sections 14-2-850 through 14-2-859 of the Georgia Business Corporation Code set forth provisions pertaining to the
indemnification of and insurance for directors and officers of the Registrant. The Georgia Business Corporation Code provides for the mandatory indemnification of a director, against reasonable
expenses incurred by the director in connection with a proceeding, where a director is wholly successful in the defense of the proceeding and where the proceeding is one to which he or she was a party
because he or she was a director of the corporation unless such indemnification is contrary to provisions contained in the Registrant's Articles of Incorporation (the "Articles"). The Georgia Business
Corporation Code also grants the Registrant additional authority to indemnify its directors, officers, employees and agents against liability for certain of their acts.
2
Article 10
of the Registrant's Articles limits the liability of directors of the Registrant for monetary damages arising out of a breach of any duty as a director, except
liability for:
(i)
any
appropriation, in violation of his or her duties, of any business opportunity of the corporation;
(ii)
acts
or omissions not in good faith or which involve intentional misconduct or a known violation of law;
(iii)
the
types of liability set forth in Section 14-2-832 of the Georgia Business Corporation Code dealing with unlawful
distributions of corporate assets to shareholders; or
(iv)
any
transaction form which the director derived an improper material tangible personal benefit.
The
Articles provide that any repeal or modification of the foregoing provisions may be prospective only and may not adversely affect any right or protection of a director existing at
the time of such repeal or modification. Any repeal or modification requires the affirmative vote of: (a) two-thirds (
2
/
3
rds) of the directors then in office; or
(b) two-thirds (
2
/
3
rds) of the issued and outstanding shares of the Registrant entitled to vote thereon, after being given proper notice.
Section 9.2(a)
of the Bylaws provides that the Registrant shall indemnify or obligate itself to indemnify an individual director made a party to a proceeding if he acted in a
manner he believed in good faith to be in, or not opposed to, the best interests of the Registrant and, in the case of any criminal proceeding, had no reasonable cause to believe that conduct was
unlawful. Pursuant to section 9.2(d), the Registrant may not indemnify a director under Section 9.2 of the Bylaws: (i) in connection with a proceeding by, or in the right of the
Registrant in which the director was adjudged to be liable to the Registrant; or (ii) in connection with any other proceeding in which he was adjudged liable on the basis that personal benefit
was improperly received by him. Notwithstanding the foregoing, indemnification under Section 9.2 is limited to reasonable expenses incurred in connection with the proceeding.
Section 9.3
of the Bylaws provides that, to the extent a director has been successful, on the merits or otherwise, in the defense of any proceeding to which he was a party, or in
defense of any claim, issue or matter therein, because he is or was a director of the Registrant, the Registrant shall indemnify the director against reasonable expenses incurred by him in connection
therewith.
According
to Section 9.5 of the Bylaws, upon application by a director, a court may order indemnification or advancement for expenses in it determines that: (1) the
director is entitled to mandatory indemnification pursuant to Section 9.3 of the Bylaws, in which case, the court shall also order the Registrant to pay the director's reasonable expenses
incurred to obtain the court-ordered indemnification; (ii) the director is fairly and reasonably entitled to indemnification in view of all relevant circumstances, whether or not he met the
standard of conduct contained in Section 9.2(a) of the Bylaws or was adjudged liable as described in Section 9.2(d); however, if he was adjudged so liable the indemnification shall be
limited to reasonable expenses incurred unless otherwise stated by contract, resolution ratified or approved by the stockholders or Articles; or (iii) in the case of advances for expenses, the
director is entitled to payment, according to the Articles, Bylaws, or any resolution or contract, of reasonable expenses incurred as a party to a proceeding in advance of final disposition of the
proceeding.
Section 9.7
of the Bylaws allows the Registrant to indemnify a director made a party to any proceeding, including a proceeding brought by or in the right of the Registrant,
without regard to limitations set forth elsewhere in the Bylaws or Georgia Business Corporation Code, so long as such indemnification or obligation is authorized by the Articles, the Bylaws, contract,
or a resolution approved or ratified by the shareholders by a majority of the votes entitled to be cast, except that if
3
liability is incurred in any proceeding in which the director is adjudged to be liable to the Registrant or is subjected to injunctive relief in favor of the Registrant:
(i)
For
any appropriation, in violation of his or her duties, of any business opportunity of the Registrant;
(ii)
For
acts or omissions that involve intentional misconduct or known violations of law;
(iii)
For
the types of liability set forth in Section 14-2-832 of the Georgia Business Corporation Code; or
(iv)
For
any transaction in which the director received an improper personal benefit,
Indemnification
shall not be permitted.
As
set forth in Section 9.8 of the Bylaws, an officer of the Registrant who is not a director is entitled to indemnification and advancement of expenses to the same extent, and
subject to the same conditions, except with respect to court-ordered indemnification under Section 9.5 of the Bylaws, to which such officer shall have no right, as a director of the Registrant.
Also
pursuant to Section 9.8 of the Bylaws, an employee or agent of the Registrant who is not a director or officer is entitled to indemnification and advancement of expenses to
the same extent, and subject to the same conditions, except with respect to shareholder approved indemnification under Section 9.7 of the Bylaws, to which such employee or agent shall have no
right, as a director of the Registrant.
Notwithstanding
the foregoing, Section 9.12 of the Bylaws provides that if the Georgia Business Corporation Code's provisions dealing with indemnification of directors, officers,
agents and employees is ever amended to broaden the parameters of authorized indemnification, then the indemnification of such persons by the Registrant shall be expanded to the fullest extent
permitted by Georgia law.
Item 7.
Exemption from Registration Claimed
Not applicable.
Item 8.
Exhibits
The following exhibits are filed as part of the Registration Statement:
Exhibit
Description
4.1
Articles of Incorporation of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.1 to Registration Statement No. 33-78046 on Form S-4) as amended by Certificate of Merger and Name Change (incorporated by
reference to Exhibit 3.1 of the December 31, 1996, Form 10-KSB).
4.2
Bylaws of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.2 to Registration Statement No. 33-78046 on Form S-4).
4.3
Main Street Bank 401(k) Profit Sharing Plan and Trust (the "Plan"), revised May 6, 1992.
4.4
Main Street Bank 401(k) Profit Sharing Plan Adoption Agreement, effective October 1, 2001.
23
Consent of Ernst & Young LLP.
99.1
Plan Annual Report filed with the Internal Revenue Service on or about September 13, 2002.
99.2
Plan Audited Financial Statements and Supplemental Schedule for the year ended December 31, 2001.
4
An
opinion of counsel is not being filed because the securities being registered are not original issuance securities. The Registrant has submitted the Plan and any amendments thereto to
the Internal Revenue
Service in a timely manner and will make all changes required by the Internal Revenue Service to maintain qualification of the Plan.
Item 9.
Undertakings
(a)
The
undersigned Registrant hereby undertakes:
1.    To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)
To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
Post-Effective Amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information in the Registration Statement. Notwithstanding the foregoing,
any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no
more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective registration statement; and
(iii)
To
include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material
change to such information in the Registration Statement;
provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a
post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or
Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.
2.    That,
for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
3.    To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the
offering.
(b)  The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual
report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)  The
undersigned Registrant hereby undertakes to deliver or cause to be delivered with the prospectus, to each person to whom the prospectus is sent or given, the latest
annual report to security holders that is incorporated by reference in the prospectus and furnished pursuant to and meeting the requirements of Rule 14a-3 or
Rule 14c-3 under the Securities Exchange Act of 1934;
5
and, where interim financial information required to be presented by Article 3 of Regulation S-X are not set forth in the prospectus, to deliver, or cause to be delivered to
each person to whom the prospectus is sent or given, the latest quarterly report that is specifically incorporated by reference in the prospectus to provide such interim financial information.
(d)  Insofar
as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant
pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses
incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person
in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 Act and will be governed by the final adjudication of such issue.
6
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Kennesaw, State of
Georgia, on the 28th day of October 2002.
MAIN STREET BANKS, INC.
By:
/s/
EDWARD C. MILLIGAN
Edward C. Milligan
Chief Executive Officer and Chairman
Pursuant
to the Requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/
EDWARD C. MILLIGAN
Edward C. Milligan
Chief Executive Officer and Chairman
10/28/02
/s/
ROBERT D. MCDERMOTT
Robert D. McDermott
Chief Financial Officer
(Principal Financial and Accounting Officer)
10/31/02
/s/
SAMUEL B. HAY III
Samuel B. Hay III
President and Director
10/29/02
/s/
ROBERT R. FOWLER III
Robert R. Fowler III
Vice Chairman and Director
10/29/02
P. Harris Hines
Director
Harry L. Hudson Jr.
Director
/s/
C. CANDLER HUNT
C. Candler Hunt
Director
11/01/02
7
/s/
FRANK B. TURNER
Frank B. Turner
Director
10/30/02
Pursuant to the registration requirements of the Securities Act of 1933, as amended, the Plan Trustees have duly caused this Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in the City of Kennesaw, State of Georgia, on October 29, 2002.
Main Street Bank 401(k) Profit Sharing Plan
(Plan)
By:
/s/
SAMUEL B. HAY III
Samuel B. Hay III,
Trustee
8
Index to Exhibits
Exhibit
Number
Description
4.1
Articles of Incorporation of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.1 to Registration Statement No. 33-78046 on Form S-4) as amended by Certificate of Merger and Name Change (incorporated by
reference to Exhibit 3.1 of the December 31, 1996, Form 10-KSB).
4.2
Bylaws of Main Street Bank, Inc. (incorporated by reference to Exhibit 3.2 to Registration Statement No. 33-78046 on Form S-4).
4.3
Main Street Bank 401(k) Profit Sharing Plan and Trust (the "Plan"), revised May 6, 1992.
4.4
Main Street Bank 401(k) Profit Sharing Plan Adoption Agreement, effective October 1, 2001.
23
Consent of Ernst & Young LLP.
99.l
Plan Annual Report filed with the Internal Revenue Service on or about September 13, 2002.
99.2
Plan Audited Financial Statements and Supplemental Schedule for the year ended December 31, 2001.
9
QuickLinks
PART II INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
Index to Exhibits