This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monarch Bank Announces Executive Officer Promotions

CHESAPEAKE, Va., April 24, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK), the parent company of Monarch Bank and Monarch Mortgage, today announced five executive level promotions. "We continue to refine our organizational structure to ensure we deliver on our mission of providing exceptional service," stated Brad E. Schwartz, Chief Executive Officer. "These individuals are all top performing bankers, and this change will better support our growth initiatives and ensure our risks are properly managed."

Steven C. Layden to Business Banking President. Steve will provide leadership to all our market presidents as they focus on growing and servicing our business banking relationships throughout our banking footprint. He previously served as the Virginia Beach Market President.

Charles "Chas" M. Wright to Virginia Beach Market President. Chas previously served as a managing member of our Commercial Real Estate Finance team, and will now lead the Virginia Beach business banking team from their new location at Oceans31. He is a resident of Virginia Beach.

Barry A. Mathias to Executive Vice President and Chief Credit Officer. Mr. Mathias, who is a founding member of the Monarch Bank team, originally served as the company's chief credit and banking officer. He previously served as the Chesapeake Market President. This strategic move will allow Mr. Andrew Lock, currently our Chief Risk and Credit Officer, to focus on enterprise risk management and compliance.

David K. Ropp to Chesapeake Market President. Mr. Ropp previously served as a senior commercial banker on the Chesapeake City team, and has over 30 years of experience as a banker in Hampton Roads. He is a resident of Chesapeake.

Jeremy R. Starkey to Commercial Real Estate Finance President. Mr. Starkey previously served as a leader and managing member of the Commercial Real Estate Finance team, which focuses on the banking needs of professional commercial real estate owners and developers. This promotion more accurately denotes his leadership position.

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: Brad E. Schwartz - (757) 389-5111, www.monarchbank.com

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs