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TheStreet Open House

Monarch Implements New Retail Position

CHESAPEAKE, Va., Nov. 18, 2013 (GLOBE NEWSWIRE) -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), is pleased to announce the creation of a new position, Senior Vice President of Retail Banking and the promotion of Karyn Mercier. Lynn Crump was appointed to Assistant Vice President, Private Banker and manager of Monarch's World Trade Center office.

In her new role, Mercier will be responsible for the management and retail strategy of the Bank's 14 branches throughout Virginia and North Carolina. The promotion includes appointment to Monarch Bank's Senior Management team. Mercier previously served as First Vice President and office manager for Monarch's World Trade Center location. Her office is located in Monarch's Corporate Headquarters at 1435 Crossways Blvd., Suite 301. Mercier's new number is (757) 955-8648.

In her new role as office manager, Crump will work to achieve goals and expectations including sales, client service, employee development, operational success and compliance. Crump previously served as a Senior Commercial Account Manager of Monarch Bank's Norfolk Business Banking for eight years. Her office is located in downtown Norfolk's World Trade Center building at 101 W. Main Street, Suite 1000. Crump's office number is (757) 228-5395.

About Monarch Bank

Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch Bank. Monarch Bank is a community bank with twelve banking offices in Chesapeake, Virginia Beach, Norfolk, Suffolk, Newport News 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 over thirty offices with locations in Virginia, North Carolina, Maryland, and South Carolina. 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:
         Nancy Porter, Senior Vice President - Marketing & Sales
         Monarch Bank (757) 389-5107

Monarch Financial Holdings, Inc. logo

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