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    Monarch Financial Holdings, Inc. (MNRK)

    12.18 Up 0.14(1.16%) May 29, 4:00PM EDT
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    Monarch Financial Holdings, Inc.
    1435 Crossways Boulevard
    Chesapeake, VA 23320
    United States - Map
    Phone: 757-389-5111
    Website: http://www.monarchbank.com

    Index Membership:N/A
    Industry:Regional - Mid-Atlantic Banks
    Full Time Employees:642

    Business Summary 

    Monarch Financial Holdings, Inc. operates as the bank holding company for Monarch Bank that provides various banking products and services for businesses, professionals, corporate executives, and individuals. Its deposit product line includes checking accounts; savings accounts; and time deposits, including daily money market accounts to longer-term certificates of deposit. The company’s loan portfolio comprises consumer loans, including home equity lines of credit; professional lines of credit; and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments, as well as real estate construction, acquisition, and development loans. Its loan portfolio also consists of secured and unsecured commercial loans for working capital, including inventory and receivables; business expansion, such as acquisition of real estate and improvements; and the purchase of equipment and machinery, as well as loans secured by commercial real estate. The company also offers investment advisory services, insurance sales, safe deposit boxes, check and bankcard services, online banking services, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, it provides commercial mortgage brokerage services in the placement of primarily long-term fixed-rate debt for the commercial, hospitality, and multi-family housing markets. Further, the company offers mobile banking, remote deposit capture, and online cash management services. As of May 9, 2014, the company operated 11 banking offices in Chesapeake, Virginia Beach, Norfolk, Suffolk, and Williamsburg, Virginia; offices in Kitty Hawk and Nags Head, North Carolina; and 30 offices with locations in Virginia, North Carolina, Maryland, and South Carolina. Monarch Financial Holdings, Inc. is headquartered in Chesapeake, Virginia.

    Key Statistics

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    Key Executives 
    Mr. Brad E. Schwartz CPA, 52
    Chief Exec. Officer, Director, Member of Exec. Committee, Member of Director’s Loan Committee, Chief Exec. Officer of Monarch Bank and Director of Monarch Bank
    Mr. E. Neal Crawford Jr., 52
    Pres, Director, Member of Exec. Committee, Member of Director’s Loan Committee and Pres of Monarch Bank
    Ms. Lynette P. Harris , 57
    Chief Financial Officer, Exec. VP, Treasurer and Corp. Sec.
    Mr. Andrew N. Lock , 51
    Chief Risk Officer and Exec. VP
    Mr. William T. Morrison , 52
    Director and Chief Exec. Officer of Monarch Mortgage
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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