
Ten years ago, Monarch Bank took flight with a dozen employees and the dream of bringing a true local community banking experience to Hampton Roads, Virginia. Today, the “butterfly bank” employs more than 300 and caters to personal and business banking needs across Hampton Roads and beyond.
Monarch Bank continues to grow as we celebrate our 10th anniversary. What started as Monarch Bank with one office in Chesapeake has grown with additional offices in Chesapeake, Norfolk (2) and Virginia Beach (4). In May of 2007, Monarch Bank launched a new community bank, OBX Bank, dedicated to the residents and businesses on the Outer Banks of North Carolina.
Along the way, Monarch Mortgage was formed and expanded to 12 locations: five in Hampton Roads; one on the Outer Banks of North Carolina; one in Richmond, Virginia; five in Maryland; Subsidiaries Virginia Asset Group and Monarch Capital also thrive, assisting our strong and calculated growth over the years.
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