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  • maine1964 maine1964 Feb 24, 2013 6:44 AM Flag

    Monarch Bank recognized as a top growth company

    Monarch was again named to the “The Roaring 20” list, a compilation of the
    twenty fastest-growing companies in Hampton Roads, Virginia.
    “The Roaring 20” award honors Hampton Road’s most dynamic businesses based on revenue and
    employee growth. The award recognizes the region’s fastest growing companies that are making
    significant contributions to the local economy, including creating much needed jobs.
    Since it began in 1998, Monarch has spread its wings, branching into mortgage lending, cash
    management and, most recently, private banking and investments. But the commitment to local
    clients hasn’t wavered. Monarch has continued to grow and expand, a strategy it maintained even
    during the recession. “The Roaring 20” list of twenty finalists were determine by Cherry, Bekaert
    & Holland LLP, weekly business journal Inside Business, along with an independent panel of judges
    of local business leaders and university business faculty based upon both growth and percentage
    rate of growth over the company’s three most recent completed fiscal years. Other judging criteria
    included critical factors that resulted in company growth, challenges/obstacle overcome and future
    outlook of long-term sustainability.

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