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Monarch’s Annual Golf Tournament Raises $265,000 to Support Local Children’s Charities

CHESAPEAKE, Va., Oct. 07, 2015 (GLOBE NEWSWIRE) -- Monarch Charities, the charitable arm for Monarch Bank and Monarch Financial Holdings, Inc. (Nasdaq:MNRK), hosted its 14th Annual Charity Golf Tournament on September 16, 2015 and raised over $265,000 to benefit local children’s organizations in Hampton Roads and on the Outer Banks of North Carolina.

Established fourteen years ago by Monarch Bank’s founder, William F. “Tree” Rountree, Jr., the annual tournament has raised over $1.5 million dollars since its founding to benefit over 65 local children’s charities. Monarch Charities is a 501(c)(3) company established by Monarch Bank to raise funds for children’s charities in the Bank’s primary trade area.

“Working with the community and our great clients produced another successful event that hit a new record for fundraising. Each year these funds make a difference in all the communities we serve, and we look forward to expanding our giving with these great results in the year ahead,” stated Neal Crawford, President of Monarch Bank. “It’s all about our clients and community coming together to make a difference.”

This success wouldn’t be possible without the support of our 2015 contributing sponsors, and we recognize our title sponsor, Wheeler Real Estate Investment Trust, Presenting sponsor Schaubach Companies; Welcoming sponsor W.M. Jordan Company; Reception sponsor Gold Key/PHR; along with the 240 golfers who played on the Tomcat and Hornet courses at Navy Master Jet Base Oceana in Virginia Beach.

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.

Brad E. Schwartz – (757) 389-5112, www.monarchbank.com

Source:Monarch Financial Holdings, Inc.