Showing 1-10 of about 40 articles.
Monarch Financial Holdings, Inc.
Monarch Bank Announces $75,000 'Top Flight' Award Winners
CHESAPEAKE, Va., May 14, 2013 (GLOBE NEWSWIRE) -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), is extremely pleased to announce Diaper Junction, a one-stop-shop for greener diapering for your baby as the winner of our $50,000 prize package. We also honor $15,000 winner, Information Technology services firm, Marathon Consulting and $10,000 winner, Homeland Contracting Corporation, a firm focused on the recruitment and retention of highly capable staff who specialize in environmental remediation, interior renovation, and emergency repairs.
Monarch Financial Holdings, Inc.
Monarch Financial Holdings Announces 20% Increase in Quarterly Cash Dividends on Common Stock
CHESAPEAKE, Va., May 10, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK), the holding company for Monarch Bank, announced a 20% increase in the quarterly common stock cash dividend at its annual shareholder meeting. The Board of Directors declared a regular quarterly cash dividend of $0.06 per common share, payable on May 31, 2013, to shareholders of record on May 20, 2013. The amount and declaration of future cash dividends is subject to Board of Director's approval in addition to regulatory restrictions.
Monarch Financial Holdings, Inc.
Monarch Bank Announces Executive Officer Promotions
CHESAPEAKE, Va., April 24, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK), the parent company of Monarch Bank and Monarch Mortgage, today announced five executive level promotions. "We continue to refine our organizational structure to ensure we deliver on our mission of providing exceptional service," stated Brad E. Schwartz, Chief Executive Officer. "These individuals are all top performing bankers, and this change will better support our growth initiatives and ensure our risks are properly managed."
Monarch Financial Holdings, Inc.
Monarch Mortgage Announces Agreement With Rose & Womble Realty Company
CHESAPEAKE, Va., April 23, 2013 (GLOBE NEWSWIRE) -- Monarch Mortgage, a division of Monarch Bank and Monarch Financial Holdings, Inc. (Nasdaq:MNRK), today announced that the company has signed a marketing agreement to provide mortgage banking services for the clients of Rose & Womble Realty Company, and is planning to form a joint venture to support a long-term mortgage partnership. RealEstate Magazine recently ranked Rose & Womble Realty Company the #96 REALTOR® firm in the nation.
Monarch Financial Holdings, Inc.
Monarch Financial Holdings Named to the KBW Bank Honor Roll for Third Year in a Row
CHESAPEAKE, Va., April 17, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK), parent of Monarch Bank, has been named to the 2012 Bank Honor Roll by KBW, Inc., a full-service investment bank that specializes in the financial services sector. Monarch is one of only 49 banks in the country to be named to the Bank Honor Roll out of nearly 400 banks screened by KBW. Monarch is one of only two Virginia-based banks that won the award three years in a row, and is the only Hampton Roads-based banking company to win the award for the past three years.
Monarch Financial Holdings, Inc.
Monarch Announces Local Business $75,000 "Top Flight" Award Contest Semifinalists
CHESAPEAKE, Va., March 14, 2013 (GLOBE NEWSWIRE) -- Monarch knows that small businesses are the backbone of America, and that's no different here in Hampton Road. Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), today announced the three semifinalists of its "Top Flight" Award, a contest that will reward three growing business in Hampton Roads with prize packages totaling $75,000.
Monarch Financial Holdings, Inc.
Monarch Welcomes New Bankers Dennis Napier, Sherrie Newsome, Andrew Stone
CHESAPEAKE, Va., March 6, 2013 (GLOBE NEWSWIRE) -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), is pleased to announce the addition of three new bankers to the Monarch team. "One of our goals is to attract and retain the very best bankers in our industry," said Neal Crawford, Monarch Bank president. "Our most recent 2012 additions have the experience and dedication to our community which makes them key assets to Monarch Bank's growth."
Monarch Financial Holdings, Inc.
Monarch Financial Holdings Announces Conversion of Preferred Shares
CHESAPEAKE, Va., Feb. 21, 2013 (GLOBE NEWSWIRE) -- Monarch Financial Holdings, Inc. (Nasdaq:MNRK) (Nasdaq:MNRKP), the bank holding company for Monarch Bank, provided notice today that all outstanding shares of their Series B noncumulative convertible preferred stock, which trades under the symbol of MNRKP, will be converted to shares of the Company's common stock. The Company's common shares have traded for 20 out of the most recent 30 trading days at 130% of a pre-established conversion price which entitles the company to force convert each preferred share to 3.75 shares of common stock. Cash will be issued in lieu of fractional shares. The conversion of the shares is set to occur on March 8, 2013. As of February 20, 2013 there were 309,348 shares of the preferred stock outstanding, and assuming those shares remain outstanding as of March 8, 2013, they will convert to a maximum of 1,160,055 shares of common stock.
Showing 1-10 of about 40 articles.