Photo Release -- Monarch's Annual Golf Tournament Raises Over $200,000

Photo Release -- Monarch's Annual Golf Tournament Raises Over $200,000

12th Year is Largest Single Event Fundraiser Benefiting Monarch Children's
Charities

CHESAPEAKE, Va., Nov. 1, 2013 (GLOBE NEWSWIRE) -- Monarch Charities hosted its
12th Annual Charity Golf Tournament on September 18, 2013 and raised over
$200,000 to benefit 30 local children's organizations in Hampton Roads and on
the Outer Banks of North Carolina.

Monarch Golf Tournament Fundraiser
 Pictured left to right: Brad Schwartz,
 Dwight Schaubach, Jon Wheeler, Jeff
 Benson and Neal Crawford

A photo accompanying this release is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21979

Established twelve years ago by Monarch Bank's founder, William F. "Tree"
Rountree, Jr. the annual tournament has raised over $1 million to date to
benefit over 60 local children's charities. Monarch Charities is a 501(c)(3)
company established to raise funds for children's charities in the Bank's
primary trade area.

"Year after year we continue to raise the bar for this event," says Neal
Crawford, President of Monarch Bank. "A big thank you to our generous sponsors
over the years. It's all about our clients and community coming together."

This success wouldn't be possible without the support of our 2013 contributing
sponsors, and we recognize our title sponsor, Gold Key PHR and presenting
sponsors, Schaubach Companies; Wheeler Interests; W.M. Jordan Company; ANE
Investments, LLC and The Franklin Johnston Group.

About Monarch Bank

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, 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 over thirty offices with locations in Virginia, North Carolina,
Maryland, and South Carolina. The shares of common stock of Monarch Financial
Holdings, Inc. are publicly traded on the Nasdaq Capital Market under the
symbol "MNRK".

CONTACT: Nancy Porter, senior vice president marketing and sales
         (757) 389-5107
         nporter@monarchbank.com

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