Monarch Bank is Now Open in Suffolk
May 18 2012 - 8:46AM
Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc.
(Nasdaq:MNRK), is pleased to announce the opening of its new
Suffolk banking office at the Godwin Marketplace on Corporate Lane
and the addition of six new members to its Board of Directors.
The new Board members will help shape the future of Monarch Bank
in Suffolk with their business and community expertise. Joining the
Suffolk Board of Directors:
- Grier Ferguson, Chairman, Ferguson Rawls &
Raines PC
- Mark Brinkley, CW Brinkley, Inc.
- Les Hall, Allfirst, LLC
- Michael Luter, Arrowhead Environmental
Services, Inc.
- Charles Pond, Nansemond Cold Storage Company,
Inc.
- Melissa Venable, Land Planning Solutions
"We think Suffolk will respond well to Monarch's value-added
relationship style of banking," said Adam Goldblatt, Suffolk
President. "Community banking is, at its core, a commitment to
building relationships with local businesses and families."
Goldblatt, with deep roots in the Suffolk and Western Tidewater
banking markets, joined Monarch in June 2011. Most recently, Debbie
Cagle joined Monarch Bank as manager of the Suffolk office. Cagle
has more than 30 years of experience and previously worked as a
wealth management banker for BB&T. The new office is located at
2999 Corporate Lane. Monarch Bank's Suffolk office phone number is
(757) 942-1325.
About Monarch Bank
Monarch Financial Holdings, Inc. is the one-bank holding company
for Monarch Bank. Monarch Bank is a community bank with nine
banking offices in Chesapeake, Virginia Beach, Norfolk and Suffolk,
Virginia. OBX Bank, a division of Monarch Bank, operates offices in
Kitty Hawk and Nags Head, North Carolina. Services are also
provided through over fifty ATMs located in the South Hampton Roads
area and the Outer Banks of North Carolina, and "Monarch Online"
consumer and business internet banking (monarchbank.com). Monarch
Mortgage and our affiliated mortgage companies have over twenty
offices with locations in Virginia, North Carolina, Maryland, and
South Carolina. Our subsidiaries/ divisions include Monarch Bank,
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," and shares of our
convertible preferred stock are publicly traded on the NASDAQ
Capital Market under the "MNRKP" symbol.
CONTACT: For Media Inquiries:
Nancy Porter, Senior Vice President - Marketing & Sales
Monarch Bank
(757) 389-5107
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