Founded in 1998 and headquartered in Chesapeake, Virginia, Monarch Financial Holdings, Inc. operated as the bank holding company for Monarch Bank. The company provided a full range of commercial and retail banking services, including checking and savings accounts, commercial and consumer loans, and mortgage services. It focused on serving communities in Virginia and North Carolina with a mission centered on relationship-based banking. On January 1, 2016, Monarch Financial Holdings, Inc. was officially acquired by TowneBank in a stock-and-cash deal, and its operations were fully integrated and rebranded under the TowneBank name.

Founded in

Canada