CHESAPEAKE, Va., Aug. 1, 2013 (GLOBE NEWSWIRE) -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), announces William (Bill) H. Carr has joined Monarch Bank as Peninsula market president to lead business banking from Monarch's newest office in Newport News at One City Center. The City Center and Oyster Point area of Newport News serves as the business hub for the region, and is the second office opened in the bank's recent expansion into the Williamsburg and Peninsula markets. A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=20204
About Monarch BankMonarch Financial Holdings, Inc. is the one-bank holding company for Monarch Bank. Monarch Bank is a community bank with eleven banking offices in Chesapeake, Virginia Beach, Norfolk, Suffolk 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. Our subsidiaries/ divisions include Monarch Bank, OBX Bank, Monarch Mortgage (secondary mortgage origination), OBX Bank 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 Bank Private Wealth (investment, trust, planning and private banking), Monarch Investments (investment and insurance solutions), and Real Estate Security Agency, LLC (title agency). The shares of common stock of Monarch Financial Holdings, Inc. are publicly traded on the Nasdaq Capital Market under the symbol "MNRK". The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
CONTACT: For Media Inquiries: Nancy Porter, Senior Vice President - Marketing & Sales (757) 389-5107