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Michael Kos Joins Monarch Bank’s Business Banking Team

CHESAPEAKE, Va., Aug. 13, 2015 (GLOBE NEWSWIRE) -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. announced that Michael (Mike) Kos has joined the company as Senior Vice President in their Business Banking Group’s Chesapeake Office. Mike has over 29 years’ experience and will focus on providing commercial banking and commercial real estate services to clients.

“We are thrilled to have Mike join the Monarch business banking team, and we expect his arrival will further add to our market share growth,” stated E. Neal Crawford, Jr., President. “Mike is well respected in the market and has a loyal client following in Hampton Roads. We are honored that Mike selected Monarch Bank as his new home.”

Mike earned his Bachelor of Arts degree from Virginia Wesleyan College and his Master of Business Administration from Old Dominion University. Mike most recently worked as the Senior Lender for Fulton Bank and led their Commercial Lending Group. Mike is Chair of the Greater Hampton Roads Division Board of Directors for the March of Dimes as well as a member of the State Board of Directors. Additionally, Mike is on the Board of the Chesapeake United Soccer Club. He is a resident of Chesapeake, VA.

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 Williamsburg, Virginia. Monarch Bank also has loan production offices in Newport News and Richmond, Virginia. OBX Bank, a division of Monarch Bank, operates offices in Kitty Hawk and Nags Head, North Carolina. 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), OBX Bank Mortgage (secondary mortgage origination), Coastal Home Mortgage, LLC (secondary mortgage origination), Fitzgerald Financial, LLC (secondary mortgage origination), Advance Mortgage, LLC (secondary mortgage origination), Monarch Bank Private Wealth (investment, trust, planning and private banking), 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”.

This press release may contain “forward-looking statements,” within the meaning of federal securities laws that involve significant risks and uncertainties. Statements herein are based on certain assumptions and analyses by the Company and are factors it believes are appropriate in the circumstances. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in the economic scenario: significant changes in regulatory requirements; and significant changes in securities markets. Consequently, all forward-looking statements made herein are qualified by these cautionary statements and the cautionary language in the Company’s most recent Form 10-K and 10-Q reports and other documents filed with the Securities and Exchange Commission. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

Contact: Brad E. Schwartz – (757) 389-5111, www.monarchbank.com

Source:Monarch Financial Holdings, Inc.