Monarch Financial Holdings, Inc.
1101 Executive Boulevard
Chesapeake,
VA 23320
Phone: 757-389-5111
Web Site: http://www.monarchbank.com
| REUTERS ABRIDGED BUSINESS SUMMARY | |
| Monarch Financial Holdings, Inc. operates as the holding company for Monarch Bank that offers business and consumer banking services. The companys deposit products include checking accounts and savings accounts, as well as daily money market accounts and longer-term certificates of deposit. Its portfolio of loans include consumer loans, including home equity lines of credit and loans; professional lines of credit; and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments, as well as residential and commercial real estate construction, acquisition, and development loans for 1-4 family residential development markets. The companys portfolio of loans also include 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. Its services include investment advisory, insurance sales, safe deposit boxes, cash management, check and bankcard, direct deposit of payroll and social security checks, automatic drafts for various accounts, Internet banking, Internet cash management, and automated teller machines (ATMs). The company also offers structured financing and commercial mortgage brokerage services in the placement of long-term fixed-rate, non-recourse debt for the commercial, hospitality, and multi-family housing markets; and various lines of insurance. As of July 22, 2009, it operated 2 offices in Chesapeake, 4 offices in Virginia Beach, and 2 offices in Norfolk, Virginia, as well as operated approximately 50 ATMs located in the South Hampton Roads area and the Outer Banks of North Carolina. Monarch Financial Holdings is headquartered in Chesapeake, Virginia. |
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| Key Statistics | |
| |
| | Pay | Exercised | Mr. William F. Rountree Jr., 65
Chief Exec. Officer, Pres, Director, Member of Exec. Committee and Member of Loan Committee |
$
395.00K |
$
94.00K | Mr. Brad E. Schwartz CPA, 47
Chief Operating Officer, Chief Financial Officer, Exec. VP, Sec., Treasurer, Director, Member of Exec. Committee, Member of Loan Committee and Chief Exec. Officer of Monarch Bank |
$
233.00K |
$
0 | Mr. Edward O. Yoder , 44
Pres of Monarch Mortgage |
$
260.00K |
$
0 | Mr. Barry A. Mathias , 60
Market Pres of Chesapeake |
N/A
| N/A | Mr. James R. Ferber , 53
Pres of Real Estate & Construction |
N/A
| N/A |
|
|
|
Dollar amounts are as of
31-Dec-08
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.
| |
|
0.26 (4.06%) 
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