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Monarch Partners With Old Dominion University Football

CHESAPEAKE, Va., Aug. 15, 2012 (GLOBE NEWSWIRE) -- Old Dominion University is making a name for itself on the football field. Monarch Bank is lending its name in support of the Monarchs. Monarch Bank and Monarch Mortgage, subsidiaries of Monarch Financial Holdings, Inc., have secured the title sponsorship to the Loge Level at SB Ballard Stadium, the home of the Monarchs, who made their first FCS Football Playoffs last season. The countdown to Conference USA is on, as the ODU Football team becomes a full Conference USA member in 2015.

"We couldn't be more excited about the success of ODU's football program," said Brad Schwartz, CEO of Monarch Bank. "As we grow as a company, so does our commitment to the community, and we are proud to support Monarch football."

The Loge Level offers 400 seats with access to the Lexus Field Pass Terrace and Scholarship Room, which offer upscale concessions and full bar service. The Monarchs ranked sixth in the country among FCS schools in attendance in 2011, averaging 19,818 fans per game.

"Monarch Bank has been cheering the Monarchs since their opening season in 2009," said Neal Crawford, President of Monarch Bank. "Monarch Bank showed our support before and during the games. Our "Monarch Bank Fan Makeover" video board promotion redressed fans caught by the ODU Athletic department wearing non-ODU apparel. And our tailgate tent allows clients to drop by and enjoy pre-game hospitality."

For more information on Old Dominion football, visit www.odusports.com .

About Monarch Bank

Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch Bank. Monarch Bank is a community bank with ten banking offices in Chesapeake, Virginia Beach, Norfolk and Suffolk, Virginia. OBX Bank, a division of Monarch Bank, operates offices in Kitty Hawk and Nags Head, North Carolina. Services are also provided through over fifty ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina, and "Monarch Online" consumer and business internet banking (monarchbank.com). Monarch Mortgage and our affiliated mortgage companies have over thirty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage origination), Coastal Home Mortgage, LLC (secondary mortgage origination), Regional Home Mortgage, LLC (secondary mortgage origination), Monarch Home Funding, LLC (secondary mortgage origination), Monarch Investments (investment and insurance solutions), Real Estate Security Agency, LLC (title agency) and Monarch Capital, LLC (commercial mortgage brokerage). The shares of common stock of Monarch Financial Holdings, Inc. are publicly traded on the NASDAQ Capital Market under the symbol "MNRK," and shares of our convertible preferred stock are publicly traded on the NASDAQ Capital Market under the "MNRKP" symbol.

CONTACT: Nancy Porter, Senior Vice President - Marketing & Sales
         Monarch Bank
         (757) 389-5107

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