Monarch Financial Holdings, Inc.
MNRK
NASDAQ18.49
USD
-0.91
- -
Monarch Financial Holdings, Inc.
MNRK
(NASDAQ)
Recent
price
18.49
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Monarch Financial Holdings, Inc. (MNRK) operates as a bank holding company providing commercial and retail banking, mortgage origination and brokerage, investment, insurance, title, and wealth management services through its subsidiaries, including Monarch Bank, OBX Bank, Monarch Mortgage, OBX Bank Mortgage, Coastal Home Mortgage LLC, Fitzgerald Financial LLC, Advance Mortgage LLC, Monarch Bank Private Wealth, Monarch Investments, Real Estate Security Agency LLC, and Monarch Capital LLC; core offerings encompass deposit accounts, commercial and consumer loans, residential mortgage origination for secondary sale, investment and insurance solutions, trust and private banking, title agency services, and commercial mortgage brokerage. Monarch Bank maintains ten banking offices in Chesapeake, Virginia Beach, Norfolk, and Williamsburg, Virginia, loan production offices in Newport News and Richmond, Virginia, and OBX Bank division offices in Kitty Hawk and Nags Head, North Carolina, while mortgage affiliates operate over 30 offices across Virginia, North Carolina, Maryland, and South Carolina, targeting individuals, businesses, and investors in the Hampton Roads region and northeastern North Carolina. Founded in 2006 with headquarters in Chesapeake, Virginia, the company was acquired by TowneBank in a stock-for-stock merger completed on June 24, 2016, pursuant to which Monarch shareholders received 0.883 shares of TowneBank common stock per MNRK share, integrating its operations into TowneBank's expanded community banking platform with no reported major changes, acquisitions, or strategic shifts since the merger.