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Monarch Announces Local Business $75,000 "Top Flight" Award Contest Semifinalists

CHESAPEAKE, Va., March 14, 2013 (GLOBE NEWSWIRE) -- Monarch knows that small businesses are the backbone of America, and that's no different here in Hampton Road. Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), today announced the three semifinalists of its "Top Flight" Award, a contest that will reward three growing business in Hampton Roads with prize packages totaling $75,000.

"Monarch Bank would like to thank all of the entrants for participating in and supporting year three of our 'Top Flight' Award," said Brad Schwartz, CEO of Monarch Bank. "Since 2009, these local companies have collectively redefined a down economy, growing operating revenue an impressive $251 million and adding 830 new jobs to our economy. Hampton Roads is in good hands!"

An independent panel of judges reviewed all entries and selected the three "Top Flight" semifinalists. Now it's up to the community to vote for their favorite semifinalist: Diaper Junction, Marathon Consulting, and Homeland Contracting Corporation; and help determine the $75,000 "Top Flight" Award prize package winners. The community (colleagues, friends and family) will vote for their favorite semifinalist between March 17 – April 30 through a text-to-vote, text MONARCH to cox411 (269411) and online MonarchBank.com poll survey. The "Top Flight" Award winners will be announced on May 9 at the Monarch Financial Holdings, Inc. annual shareholders' meeting held at the Sandler Center for Performing Arts in Virginia Beach.

One $50,000 winner will be selected to receive: $10,000 cash from Monarch Bank; a professional business service package valued at $10,000 from accounting, tax and advisory firm Cherry Bekaert, LLP; a professional communications package valued at $10,000 from Cox Business; an advertising package, including the creation of a 30-second commercial and cable airtime, valued at $10,000 from Cox Media; and an advertising contract with Pilot Media valued at $10,000.

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