MNRK Profile
Monarch Financial Holdings, Inc. (MNRK) is a bank holding company that operates through its subsidiary Monarch Bank. Monarch Bank provides various banking products and services to commercial and consumer customers in Virginia. The bank's offerings include checking and savings accounts, certificates of deposit, online and mobile banking, mortgage loans, home equity loans and lines of credit, business loans and lines of credit, equipment financing, commercial real estate loans, and wealth management services.
Monarch Financial Holdings was founded in 1997 and is headquartered in Chesapeake, Virginia. The company's mission is to be a trusted advisor, providing personalized and innovative financial solutions to customers, while supporting the communities they serve. Monarch Bank operates through a network of branches in Virginia, including in Chesapeake, Norfolk, Suffolk, Virginia Beach, and Williamsburg.
As of September 30, 2021, Monarch Financial Holdings had total assets of approximately $1.9 billion, deposits of approximately $1.6 billion, and loans of approximately $1.5 billion. The company has a market capitalization of around $217 million as of February 25, 2023.
Monarch Financial Holdings is committed to its customers, employees, shareholders, and the communities it serves. The company focuses on building long-term relationships with its customers by providing exceptional service, while also seeking to create value for its shareholders. Monarch Financial Holdings has a strong track record of growth and profitability, and it continues to execute on its growth strategy by expanding its customer base and developing new products and services to meet their evolving needs.
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