Monarch Financial Holdings Earns Sandler O'Neill's Sm-All Star Award for Financial Performance

Monarch Financial Holdings Earns Sandler O'Neill's Sm-All Star Award for
Financial Performance

CHESAPEAKE, Va., Sept. 25, 2013 (GLOBE NEWSWIRE) -- Monarch Financial
Holdings, Inc., parent of Monarch Bank, (Nasdaq:MNRK) announced it has been
named one of the top performing small capitalization banks in the nation by
investment banking firm Sandler O'Neill. Sandler O'Neill & Partners is a New
York-based investment banking and advisory firm that specializes in financial
institutions.

In its "Class of 2013 Bank and Thrift Sm-All Stars" report, Sandler O'Neill
recognized the 31 best performing small-capitalization institutions among a
field of 450 publicly traded banks and thrifts in the U.S. with market
capitalization less than $2.5 billion.This was the third time Monarch has
been recognized with this award since 2007, and places Monarch in the top 7%
of banks nationwide in terms of performance.

"Inclusion among the top banks in the country validates our growth strategy
and strategic plan.We were one of only two banks in Virginia recognized this
year, and the only bank serving the Hampton Roads and Outer Banks markets to
make the cut," stated Brad E. Schwartz, Chief Executive Officer. "Our
commitment to sound banking practices, aided by a strong year for mortgage
banking, resulted in record profits in 2012 that led to this recognition."

Inclusion as a Sm-All Star was based on the company's absolute performance in
each of eight financial variables. To assess fundamental momentum in the
evaluation, growth trends in (1) Earnings per share, (2) Loans and (3)
Deposits were evaluated. As a measure of profitability, (4) Return on average
equity was included. In terms of asset quality, (5) Nonperforming assets to
loans plus OREO ratio and the (6) Net charge-off ratio were analyzed. Finally,
(7) Loan loss reserves to nonperforming assets ratio, and the (8) Tier 1 risk
based capital ratio were evaluated as an indication of capital levels.
Overall those banks recognized delivered better bottom line results that are
markedly better than the industry as a whole.

Monarch Financial Holdings, Inc. is the one-bank holding company for Monarch
Bank. Monarch Bank is a community bank with twelve offices in Chesapeake,
Norfolk, Suffolk, Virginia Beach, Newport News 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 thirty offices with locations in Virginia, North Carolina, Maryland, and
South Carolina. Our subsidiaries/divisions include Monarch Bank, Monarch Bank
Private Wealth (Private banking, trust and investments), OBX Bank, Monarch
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 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.

This press release may contain "forward-looking statements," within the
meaning of federal securities laws that involve significant risks and
uncertainties. Statements herein are based on certain assumptions and analyses
by the Company and are factors it believes are appropriate in the
circumstances. Actual results could differ materially from those contained in
or implied by such statements for a variety of reasons including, but not
limited to: changes in interest rates; changes in accounting principles,
policies, or guidelines; significant changes in the economic scenario:
significant changes in regulatory requirements; and significant changes in
securities markets.Consequently, all forward-looking statements made herein
are qualified by these cautionary statements and the cautionary language in
the Company's most recent Form 10-K and 10-Q reports and other documents filed
with the Securities and Exchange Commission. The Company does not undertake to
update forward-looking statements to reflect circumstances or events that
occur after the date the forward-looking statements are made.

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

Monarch Financial Holdings, Inc. logo
 
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