Monarch Financial Holdings, Inc. operates as the bank holding company for Monarch Bank that provides various commercial and retail banking products and services for businesses, professionals, corporate executives, and individuals. Its deposit product line includes checking accounts; savings accounts; and time deposits, including daily money market accounts to longer-term certificates of deposit. The company’s loan portfolio comprises consumer loans, including home equity lines of credit; professional lines of credit; and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments, as well as real estate construction, acquisition, and development loans. Its loan portfolio also consists of 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. The company also offers investment advisory services, insurance sales, safe deposit boxes, check and bankcard services, online banking services, direct deposit of payroll and social security checks, and automatic drafts for various accounts. In addition, it provides commercial mortgage brokerage services in the placement of primarily long-term fixed-rate debt for the commercial, hospitality, and multi-family housing markets. Further, the company offers mobile banking, remote deposit capture, and online cash management services. As of May 13, 2015, the company operated 10 banking offices in Chesapeake, Virginia Beach, Norfolk, and Williamsburg, Virginia; offices in Kitty Hawk and Nags Head, North Carolina; and 35 offices with locations in in Virginia, North Carolina, Maryland, and South Carolina. Monarch Financial Holdings, Inc. was founded in 1998 and is headquartered in Chesapeake, Virginia.