Press Releases and News

Thursday, April 18, 2008

Monarch Financial Reports Record First Quarter Profits and Strong Growth
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, February 11, 2008

Monarch Adds Crawford to Corporate Board of Directors
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Wednesday, January 30, 2008

Monarch Financial Reports Record Quarter and Exceeds $500 Million in Assets
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Balance Sheet
Income Statement
Ratios and Highlights

Friday, October 19, 2007

Monarch Financial Announces Strong Loan Growth and Third Quarter Financial Performance
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Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, September 18, 2007

Monarch Financial Holdings Announces 20% Stock Dividend
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Monday, August 13, 2007

Monarch Bank and Rescource Bank Announce Purchase Agreement and End to Litigation
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Thursday, July 19, 2007

Monarch Financial Holdings Releases Financial Results and Announces Repurchase Plan
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Balance Sheet
Income Statement
Ratios and Highlights

Friday, July 13, 2007

Monarch Financial Holdings Earns Sandler O'Neill's Sm-All Star Award for Financial Performance
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Thursday, April 19, 2007

Monarch Financial Holdings Reports Continued Strong Financial Results
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Balance Sheet
Income Statement
Ratios and Highlights

Thursday, April 12, 2007

OBX Bank names David McGlaughon as President
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Tuesday, March 27, 2007

Monarch Announces Launch of New Bank in OBX
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Wednesday, January 24, 2007

Monarch Financial Holdings Reports Record Year With a 73% Increase in Net Income
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Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, October 18, 2006

Monarch Financial Reports Record Profitability and Increased Growth
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Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, September 27, 2006

Monarch Announces Formation of Investment and Insurance Company "Virginia Asset Group"
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Thursday, July 20, 2006

Monarch Financial More Than Doubles Net Income and Continues Loan and Deposit Growth
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Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, July 19, 2006

Monarch Bank Selected in the Top 10 Best Places to Work in Hampton Roads, Virginia
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Thursday, June 1, 2006

Monarch Bank Receives Shareholder Approval and Forms Bank Holding Company
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Thursday, May 25, 2006

Monarch Bank Hires Virginia Beach President and Increases Its Presence in the Virginia Beach Market
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Thursday, May 4, 2006

Monarch Bank Declares 25% Stock Dividend and Receives Regulatory Approval for Holding Company
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Thursday, April 20, 2006

Monarch Bank Announces 117% Increase in Net Income and Continued Growth
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Balance Sheet
Income Statement
Ratios and Highlights

Thursday, January 26, 2006

Monarch Bank Reports Record $2.1 Million in Net Income and Over $100 Million in Asset Growth for 2005
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Balance Sheet
Income Statement
Ratios and Highlights

Thursday, October 28, 2005

Monarch Bank Declares 10% Stock Dividend
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Thursday, October 20, 2005

Monarch Bank Passes $300 Million in Assets and Nearly Triples Net Income
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Balance Sheet
Income Statement
Ratios and Highlights

Monday, July 18, 2005

Monarch Bank Board of Directors Elects Jeffrey F. Benson as Chairman of the Board and Lawton H. Baker as Vice Chairman, Elects Two New Directors
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Monday, July 18, 2005

Monarch Bank Announces 172% Earnings Increase and New Virginia Beach Office
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Balance Sheet
Income Statement
Ratios and Highlights

Monday, June 6, 2005

Monarch Bank Sells Out Private Stock Offering and Raises $6.5 Million
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Monday, May 16, 2005

Monarch Bank Names New Senior Vice President and Two Vice Presidents
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Wednesday, May 11, 2005

Barry Mathias Named Chesapeake President of Monarch Bank; Andrew Lock Named Chief Credit Officer
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Friday, April 22, 2005

Monarch Bank Announces 173% Earnings Increase for first Quarter
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Balance Sheet
Income Statement
Ratios and Highlights