Monarch Financial Holdings Named to the KBW Bank Honor Roll for Third Year in a Row

Monarch Financial Holdings Named to the KBW Bank Honor Roll for Third Year in
a Row

CHESAPEAKE, Va., April 17, 2013 (GLOBE NEWSWIRE) -- Monarch Financial
Holdings, Inc. (Nasdaq:MNRK), parent of Monarch Bank, has been named to the
2012 Bank Honor Roll by KBW, Inc., a full-service investment bank that
specializes in the financial services sector. Monarch is one of only 49 banks
in the country to be named to the Bank Honor Roll out of nearly 400 banks
screened by KBW. Monarch is one of only two Virginia-based banks that won the
award three years in a row, and is the only Hampton Roads-based banking
company to win the award for the past three years.

"We are delighted to make KBW's honor roll for a third year in a row based on
our strong financial performance," said Brad E. Schwartz, Chief Executive
Officer. "This accomplishment is the result of the continued dedication and
focused work of our employees and boards of directors."

Honor Roll winners are publicly traded banking institutions with more than
$500 million in total assets that meet KBW's criteria for superior
performance. In their news release, KBW said it selected banking companies
for the Bank Honor Roll to acknowledge companies that have achieved positive
earnings per share growth over the last decade, regardless of the economic
environment.In terms of stock price performance, Bank Honor Roll companies
significantly outperformed the banking industry between 2007 and 2012. KBW
also found the Honor Roll members to have better-than-industry performance
ratios and growth.

About Monarch

Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch
Bank.Monarch Bank is a community bank with eleven banking offices in
Chesapeake, Virginia Beach, Norfolk, Suffolk, and Williamsburg Virginia.OBX
Bank, a division of Monarch Bank, operates offices in Kitty Hawk and Nags
Head, North Carolina.Monarch Mortgage and our affiliated mortgage companies
have over thirty offices with locations in Virginia, North Carolina, Maryland,
and South Carolina.Our subsidiaries/ divisions include Monarch Bank, OBX
Bank, Monarch Mortgage (secondary mortgage origination), OBX Bank Mortgage
(secondary mortgage origination), Coastal Home Mortgage, LLC (secondary
mortgage origination), Regional Home Mortgage, LLC (secondary mortgage
origination), Monarch Home Funding, LLC (secondary mortgage origination),
Monarch Bank Private Wealth (investment, trust, planning and private banking),
Monarch Investments (investment and insurance solutions), Real Estate Security
Agency, LLC (title agency) and Monarch Capital, LLC (commercial mortgage
brokerage).The shares of common stock of Monarch Financial Holdings, Inc. are
publicly traded on the Nasdaq Capital Market under the symbol "MNRK".

CONTACT: For Media Inquiries:
         Brad E. Schwartz, Chief Executive Officer
         Monarch Bank
         (757) 389-5111
 
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