CHESAPEAKE, Va., June 12, 2012 (GLOBE NEWSWIRE) -- Monarch Bank and Monarch Mortgage, subsidiaries of Monarch Financial Holdings, Inc., will serve as the presenting sponsor for the All-American Homearama 2012, the Tidewater Builders Association's showcase of new homes.
The All-American Homearama, which is celebrating its 30th anniversary in South Hampton Roads, will take place June 16-July 1 in Culpepper Landing nestled in Chesapeake's historic Deep Creek community. Eight fully furnished and landscaped homes starting in the $300,000s will be open for touring.
"We are proud to be financing the construction of three of this year's eight homes. The Made in America House, only the second in the country, is featured at this year's event. Monarch Bank financed the construction of this home by Vintage Homes, using building materials made only in the United States," said Brad Schwartz, Monarch Bank CEO. "Banks are critical in their economic role of lending money to support the growth of local businesses and jobs. Monarch was the only Hampton Roads bank that increased construction lending last year and we remain dedicated to the home building industry."
Tickets for the event are $10 for a one-day pass and $17 for a two-day pass. For more information, visit www.homearama.tv.
About Monarch Bank
Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch Bank. Monarch Bank is a community bank with ten 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 "Monarch Online" consumer and business Internet banking (monarchbank.com). 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), 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) 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," and shares of our convertible preferred stock are publicly traded on the NASDAQ Capital Market under the "MNRKP" symbol.