UNITED STATES

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) ~~April~~ May 429, ~~2008~~2009

MAINSTREET FINANCIAL CORPORATION

(Exact name of Registrant as specified in its Charter)

United States		000-52298		20-1867479
(State or other jurisdiction of incorporation)		(Commission File No.)		(IRS Employer Identification Number)

629 W. State Street, Hastings, Michigan		49058-1643
(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code: (269) 945-9561

Not Applicable

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

9 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 9 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 9 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 9 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material ~~Definitve~~Definitive Agreement.

OnEffective ~~April~~May 429, ~~2008~~2009, our wholly owned subsidiary, MainStreet Savings Bank, FSB (the “Bank”), ~~entered~~consented ~~into~~to the issuance of a ~~supervisory agreement~~cease-and-desist ~~with~~ order (“Order”) by the Office of Thrift ~~Supervision~~ Supervision (“OTS”) to address the OTS’s concerns regarding the financial condition of the Bank. Among other things, the ~~supervisory~~ ~~agreement~~Order requires the Bank to: (1) ~~prepare~~increase ~~and~~its ~~submit~~capital ratios to a core capital ratio of 8% and a ~~three~~total risk-~~year~~based ~~business~~capital ~~plan~~ratio of 12% within 90 days; (2) ~~revise~~prepare ~~its~~a ~~liquidity~~contingency plan ~~management~~for ~~policy~~a merger, acquisition or liquidation of the Bank if it falls below adequately capitalized status; (3) limit its lending to one-to-four family residential real ~~enhance~~estate ~~compliance~~first ~~training~~lien, prime loans with a loan-to- value ratio of no more than 80% without private mortgage insurance, a principal amount of no more than $275,000, and conforming in all other respects with government-sponsored enterprise (GSE) or government agency purchase requirements, fully collateralized savings account loans, modifications of existing loans with no new disbursements of funds and other loans as approved by the OTS; (4) revise its business plan and liquidity management policy; (5) prepare and submit quarterly reports on classified assets; (46) limit its quarterly asset growth to net interest credited on deposit liabilities during the quarter (unless additional asset growth is permitted by the OTS); (57) obtain OTS approval prior to to appointing any new director or senior executive officer; (68) enter into certain severance agreements or make certain severance payments only if they comply with 12 C.F.R. § 359; (79) receive OTS approval of any new, renewed or amended arrangements providing compensation or benefits to its directors and officers; (810) obtain OTS approval of all third-party contracts outside the normal course of business; and (911) provide the OTS with 30-days notice of all new ~~proposed~~ transactions with affiliates.

The ~~supervisory~~Order ~~agreement~~ is included in Exhibit 10.11 12 to this Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

(d)	Exhibits

10.12	Consent Cease and Desist Order Issued Against MainStreet Savings Bank, FSB by the OTS

10.11 Supervisory Agreement with the OTS

EXHIBIT INDEX

Exhibit Number		Description
10.11		Supervisory Agreement with the OTS

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 thereunto duly authorized.

MAINSTREET FINANCIAL CORPORATION Date: April 8, 2008 By: /s/ David L. Hatfield David L. Hatfield President and Chief Executive Officer

	MAINSTREET FINANCIAL CORPORATION

Date: May 29, 2009	By:	/s/ David L. Hatfield David L. Hatfield President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number		Description

10.12		Consent Cease and Desist Order Issued Against MainStreet Savings Bank, FSB by the OTS

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