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Monarch Bank Announces Officer Promotions

CHESAPEAKE, Va., March 27, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK), the parent company of Monarch Bank and Monarch Mortgage, today announced the following promotions:

Terri Ruby to Senior Vice President, Cash Management Services

Michelle Nealey to First Vice President and Controller

Amma Guerrier to First Vice President, Cash Management Services

Michelle Gladu to Vice President, Loan Administration

Graham Miller to Vice President, Performance Management

Michael Glover to Vice President, Business Banking

Ryan King to Assistant Vice President, Business Banking

Susan West to Assistant Vice President, Private Wealth

Christinne Pearson to Banking Officer, Cash Management Services

Debbie Mueller to Banking Officer, Operations

About Monarch

Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch Bank. Monarch Bank is a community bank with eleven banking offices in Chesapeake, Norfolk, Suffolk, Virginia Beach, and Williamsburg, Virginia. OBX Bank, a division of Monarch Bank, operates offices in Kitty Hawk and Nags Head, North Carolina. Monarch Mortgage and our affiliated mortgage companies have thirty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Our subsidiaries/ divisions include Monarch Bank, Monarch Bank Private Wealth (Private banking, trust and investments), 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."
CONTACT: For Media Inquiries:
         Brad E. Schwartz, Chief Executive Officer
         Monarch Bank
         (757) 389-5111

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