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Monarch Bank To Serve As Presenting Sponsor Of Inaugural Heart Of Ghent 10K

CHESAPEAKE, Va., Aug. 13, 2012 (GLOBE NEWSWIRE) -- Monarch Bank and Monarch Mortgage, subsidiaries of Monarch Financial Holdings, Inc., are getting their stopwatches ready.

The pair will serve as the presenting sponsor of the Ghent Business Association's Heart of Ghent 10K, which debuts Sept. 22 and offers a course that winds its way through the historic and scenic Norfolk, Virginia neighborhood and business district of Ghent. The event features the main run and a kid's fun run to benefit charities For Kids, Ronald McDonald House Charities of Norfolk and ACCESS Aids Care.

"Ghent is known for small business, from restaurants to boutique retailers, and we are committed to helping small businesses grow," said Neal Crawford, President of Monarch Bank. "That's why we're proud to be the presenting sponsor of this inaugural race that will benefit Ghent Business Association member companies. It's important for all of us to be financially and physically fit. And, we're equally proud of our new Ghent banking and mortgage location that opened in spring 2011."

"As representative of the board and past president of the association, we are always concerned with the 'financial fitness' of our members. We are also concerned with the health and fitness of our members and employees," said Pat Moore, Chair of Heart of Ghent 10k 2012. "On any given day, association members employ in excess of 2000 employees, many of which will either be running or volunteering for the race.  Come out and show your support for our beneficiaries and enjoy the day in Ghent."

For more information on entering the race, volunteering or just come out to cheer, visit the Ghent Business Association Web site www.ghentnorfolk.org . It's a great cause in support of those running a small business right here in our community.

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

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