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Press Releases

Monday, April 14, 2014
Monarch Bank Celebrates 15th Anniversary

Thursday, January 30, 2014
Monarch Financial Reports 2013 Financial Results and Declares Cash Dividend

Monday, December 16, 2013
Monarch named one of the "Best Places to Work" in Virginia

Friday, November 15, 2013
Monarch Implements New Retail Position

Friday, November 1, 2013
Monarch's Annual Golf Tournament Raises Over $200,000

Sunday, October 20, 2013
Nags Head Resident Wins OBX Bank 3-Minute Shopping Spree

Thursday, October 17, 2013
Monarch Financial Reports Quarterly Results and Raises Cash Dividend 16%

Wednesday, September 25, 2013
Monarch Wins Sm-All Star Award for Financial Performance

Thursday, August 1, 2013
Monarch Bank Announces New Peninsula Market President and Opening of Newport News Office

Tuesday, July 30, 2013
Monarch Bank Appoints New Williamsburg City Board of Directors Chairman

Thursday, July 25, 2013
Monarch Financial Reports Record Second Quarter and Declares Dividend

Friday, May 10, 2013
Monarch Announces 20% Increase in Quarterly Cash Dividends on Common Stock

Wednesday, April 24, 2013
Monarch Bank Announces Executive Promotions

Tuesday, April 23, 2013
Monarch Mortgage Announces Agreement with Rose and Womble Realty

Thursday, April 18, 2013
Monarch Financial Reports Record First Quarter Financial Performance
Click Here for Full Earnings Document

Wednesday, April 17, 2013
Monarch Financial Holdings Named to KBW Bank Honor Roll for Third Year in a Row

Wednesday, March 26, 2013
Monarch Bank Announces Officer Promotions

Thursday, March 14, 2013
Monarch Announces Local Business $75,000 "Top Flight" Award Contest Semifinalists

Wednesday, March 6, 2013
Monarch Welcomes New Bankers Dennis Napier, Sherrie Newsome, Andrew Stone

Thursday, February 21, 2013
Monarch Financial Holdings Announces Conversion of Preferred Shares

Thursday, January 31, 2013
Monarch Financial Reports Record Quarterly and Annual Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Friday, January 25, 2013
Monarch Announces Common Stock Dividend

Monday, January 7, 2013
Monarch Bank Promotes Small Business Growth and Job Creation with $75,000 "Top Flight" Award Contest

Monday, November 26, 2012
CEO Schwartz elected to Federal Reserve Bank of Richmond Board of Directors

Friday, November 2, 2012
Monarch Recognized as Top 20 Growth Company

Thursday, October 18, 2012
Monarch Declares 6:5 Stock Split and Quarterly Cash Dividend

Thursday, October 18, 2012
Monarch Financial Exceeds $1 Billion and Reports Record Financial Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, September 24, 2012
Monarch Welcomes Lee Van de Water As New Commercial Real Estate Finance Portfolio Manager

Wednesday, August 15, 2012
Monarch Partners With ODU Football

Monday, August 13, 2012
Monarch Presents Heart of Ghent 10k

Monday, August 6, 2012
Monarch Bank Announces New Market Expansion and Launch of Monarch Bank Private Wealth

Thursday, July 19, 2012
Monarch Announces Common and Preferred Stock Dividends

Thursday, July 19, 2012
Monarch Financial Reports Growth and Record 2nd Quarter Profits
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, June 12, 2012
Monarch Serves as Presenting Sponsor for The All-American Homearama

Wednesday, May 16, 2012
Monarch Bank is Now Open in Suffolk

Thursday, May 3, 2012
Monarch Announces 25% Increase in Quarterly Cash Dividends on Common Stock

Thursday, May 3, 2012
Monarch Bank Announces $50,000 'Top Flight' Prize Winner

Thursday, April 19, 2012
Monarch Financial Announces Record Financial Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, April 2, 2012
Monarch $50,000 Top Flight Award Semi-finalists Selected

Friday, March 23, 2012
Monarch Named to KBW Honor Roll

Monday, January 30, 2012
Monarch Financial Announces Record 4th Quarter and Annual Financial Results
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Friday, January 27, 2012
Monarch Announces Quarterly Cash Dividend on Common Stock

Thursday, January 26, 2012
Monarch Elects Morrison to Corporate Board

Thursday, November 3, 2011
Monarch Recognized as Top Growth Company for 2nd Year

Monday, October 24, 2011
Monarch Financial Declares Common Stock Dividend

Thursday, October 20, 2011
Monarch Financial Exceeds $2 Million in Quarterly Profits and Reports Strong Financial Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, September 12, 2011
Monarch Financial Announces Stock Repurchase Program

Thursday, August 11, 2011
Monarch Bank Expands to Suffolk, Hires New Market President

Friday, August 5, 2011
Monarch Announces New Mortgage Leadership Positions

Thursday, July 21, 2011
Monarch Financial Reports Solid Growth and Record Second Quarter Profitability
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, July 18, 2011
Monarch Bank Again Named "Best Places to Work"

Tuesday, June 14, 2011
Monarch Appoints Six New Board Members

Tuesday, June 14, 2011
Monarch Bank Announces "Top Flight" $40,000 Prize Winner

Tuesday, June 14, 2011
Monarch Bank Announces Officer Promotions

Tuesday, June 7, 2011
Monarch Welcomes Diaz as New CIO

Wednesday, May 18, 2011
Monarch Announces Cash Dividend on Stock

Thursday, April 28, 2011
Monarch Financial Reports Record First Quarter Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, April 4, 2011
Monarch Named to the KBW Bank Honor Roll

Monday, April 4, 2011
Monarch Collaborates with Walker & Dunlop, LLC

Monday, March 31, 2011
Monarch Bank Announces Top Flight Award Semifinalist

Thursday, January 27, 2011
Monarch Financial Reports Another Year of Strong Financial Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, January 24, 2011
Monarch Bank Promotes Small Business Growth with Top Flight Award

Tuesday, November 23, 2010

Wednesday, November 17, 2010
Monarch Elects Virginia Sancilio Cross to Corporate Board of Directors

Wednesday, November 17, 2010
Monarch Bank Appoints Three New Members to City Board of Directors

Wednesday, November 10, 2010
Monarch Recognized as Top Growth Company in Hampton Roads

Wednesday, October 27, 2010
Monarch Financial Reports Quarterly Financial Results
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, October 25, 2010
Monarch Financial Holdings Announces Cash Dividend on Common Stock

Friday, October 8, 2010
Grand Opening and Ribbon Cutting Planned for Monarch's New Corporate Offices

Thursday, October 7, 2010
Monarch Mortgage Announces Partnership with Nancy Chandler Associates

Wednesday, September 1, 2010
Three New Norfolk City Board Members

Wednesday, July 21, 2010
Monarch Financial Reports Record Profitability and Strong Asset Growth
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, June 1, 2010
Monarch Welcomes New Bankers Joe Dreps, David Ropp and Terri Ruby

Wednesday, May 6, 2010
Monarch Financial Holdings Elects CEO, President and CFO

Wednesday, May 6, 2010
Monarch Financial Holdings Announces First Cash Dividend

Tuesday, May 4, 2010
Monarch Announces 2010 Bank Officer Promotions

Thursday, April 22, 2010
Monarch Financial Reports First Quarter Results
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, March 31, 2010
Chesapeake Officer Promotions

Monday, February 22, 2010
Stuart Bell Joins OBX Bank as Executive Vice President, Senior Business Banker

Tuesday, February 16, 2010
Monarch Financial Repurchases Stock Warrants from the U.S. Treasury

Tuesday, January 26, 2010
Monarch Financial Reports Record Record Profits and Continued Growth
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, December 23, 2009
Monarch Repays Treasury's $14.7 Million Preferred Stock Investment Under the Capital Purchase Program

Monday, December 21, 2009
Monarch Financial Holdings Declares Cash Dividend on Preferred Stock

Wednesday, December 9, 2009
Bank Officer Promotions for Guerrier, Harnage, and Nealey

Wednesday, December 9, 2009
OBX Bank Welcomes Dee Barber McManus

Thursday, December 3, 2009
Monarch Financial Holdings Completes Capital Offering and Raises $20.0 Million

Monday, November 30, 2009
Monarch Financial Holdings Increases Capital Offering and Raises $17.5 Million

Monday, October 26, 2009
Schwartz Elected to VACB Board

Friday, October 16, 2009
Monarch Financial Reports Record Profits and New Hilltop Office
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, October 14, 2009
Monarch Files Registration Statement for Preferred Stock

Tuesday, September 29, 2009
Monarch Mortgage Expands in Carolinas

Thursday, August 20, 2009
Hires Four Experienced Bankers and Appoints Norfolk President

Tuesday, July 21, 2009
Monarch Appoints Rick Jackson to Norfolk City Board

Wednesday, July 16, 2009
Monarch Financial Reports Record Profits and Improved Asset Quality
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, July 13, 2009
Monarch Ranked "Best Places to Work"

Monday, June 22, 2009
Promotes Jim Ferber to President

Monday, June 8, 2009
Monarch "Top Pick"

Thursday, May 28, 2009
Monarch Appoints Three New Members to Chesapeake City Board

Wednesday, May 13, 2009
Monarch Bank Promotes Lynette Harris to CFO

Thursday, May 7, 2009
Monarch Elects CEO & President

Wednesday, April 22, 2009
Monarch Financial Reports Record First Quarter Profitability
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, January 28, 2009
Monarch Financial Reports Strong Growth in Loans, Deposits and Capital
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Friday, December 19, 2008
Monarch Completes $14.7 Million Investment under TARP Capital Purchase Program

Thursday, December 4, 2008
Monarch Bank Receives Preliminary Approval for $14.7 Million Investment under U.S. Treasury's TARP Program

Wednesday, October 15, 2008
Monarch Financial Reports More Than Double 3rd Quarter Net Income and Reports Strong Profits
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, September 30, 2008
Monarch announces $100 Million Of Excess FDIC Insurance Protection

Wednesday, September 10, 2008
Craig Reilly Named New Virginia Beach President

Wednesday, September 3, 2008
Monarch earns Sandler Oneil SmAll Star Award for second year

Tuesday, September 2, 2008
Monarch Launches New Dynamic All-Company Website

Wednesday, August 20, 2008
Monarch Capital Secures Financing for $11.5 Million Warehouse

Thursday, August 14, 2008
Monarch Announces Bank Officer Promotions

Thursday, August 14, 2008
OBX Bank Announces Promotion of Casey Rawles to Bank Officer

Thursday, July 17, 2008
Monarch Financial Reports Record Earnings
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, July 3, 2008
Monarch Financial Completes Private Offering and Raises $7.2 million

Thursday, June 26, 2008
Monarch Bank Adds Five to Chesapeake City Board

Friday, June 13, 2008
Monarch Announces Private Banker Promotions

Tuesday, June 10, 2008
Monarch Bank Helps Employees With Rising Gas Prices

Tuesday, June 10, 2008
Monarch Financial Successfully Raises Additional Capital

Tuesday, April 29, 2008
Monarch Bank Unveils "Green" Courier Service

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

Thursday, February 28, 2008
Monarch Bank Relocates Great Bridge Branch

Monday, February 11, 2008
Monarch Adds Crawford to Corporate Board of Directors

Wednesday, January 30, 2008
Monarch Financial Reports Record Quarter and Exceeds $500 Million in Assets
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Friday, October 19, 2007
Monarch Financial Announces Strong Loan Growth and Third Quarter Financial Performance
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, September 18, 2007
Monarch Financial Holdings Announces 20% Stock Dividend

Monday, August 13, 2007
Monarch Bank and Resource Bank Announce Purchase Agreement and End to Litigation

Thursday, August 2, 2007
OBX Bank Appoints Phyllis Goodwin Neal

Thursday, July 19, 2007
Monarch Financial Holdings Releases Financial Results and Announces Repurchase Plan
Click Here for Full Earnings Document
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

Thursday, July 12, 2007
Monarch Bank Announces Major Growth, Greatly Expands New Mortgage Operation

Wednesday, June 27, 2007
OBX Bank Celebrates Opening of Kitty Hawk Office

Thursday, April 19, 2007
Monarch Financial Holdings Reports Continued Strong Financial Results
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Thursday, April 12, 2007
OBX Bank names David McGlaughon as President

Tuesday, March 27, 2007
Monarch Announces Launch of New Bank in OBX

Thursday, March 8, 2007
Monarch Implements New Marketing Position

Wednesday, January 24, 2007
Monarch Financial Holdings Reports Record Year With a 73% Increase in Net Income
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, October 18, 2006
Monarch Financial Reports Record Profitability and Increased Growth
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Wednesday, September 27, 2006
Monarch Announces Formation of Investment and Insurance Company "Virginia Asset Group"

Thursday, July 20, 2006
Monarch Financial More Than Doubles Net Income and Continues Loan and Deposit Growth
Click Here for Full Earnings Document
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

Thursday, June 1, 2006
Monarch Bank Receives Shareholder Approval and Forms Bank Holding Company

Thursday, May 4, 2006
Monarch Bank Declares 25% Stock Dividend and Receives Regulatory Approval for Holding Company

Thursday, April 20, 2006
Monarch Bank Announces 117% Increase in Net Income and Continued Growth
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Tuesday, February 21, 2006
Barbara N. Lane and Andrew N. Lock Named Executive Vice Presidents of Monarch Bank

Thursday, January 26, 2006
Monarch Bank Reports Record $2.1 Million in Net Income and Over $100 Million in Asset Growth for 2005
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Thursday, October 28, 2005
Monarch Bank Declares 10% Stock Dividend

Thursday, October 20, 2005
Monarch Bank Passes $300 Million in Assets and Nearly Triples Net Income
Click Here for Full Earnings Document
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

Monday, July 18, 2005
Monarch Bank Announces 172% Earnings Increase and New Virginia Beach Office
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

Monday, June 6, 2005
Monarch Bank Sells Out Private Stock Offering and Raises $6.5 Million

Monday, May 16, 2005
Monarch Bank Names New Senior Vice President and Two Vice Presidents

Monday, May 11, 2005
Barry Mathias Named Chesapeake President of Monarch Bank; Andrew Lock Named Chief Credit Officer

Friday, April 22, 2005
Monarch Bank Announces 173% Earnings Increase for first Quarter
Click Here for Full Earnings Document
Balance Sheet
Income Statement
Ratios and Highlights

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