Monarch Bank Named One of the Best Places to Work in Virginia

Monarch Bank Named One of the Best Places to Work in Virginia

CHESAPEAKE, Va., Dec. 17, 2013 (GLOBE NEWSWIRE) -- Monarch Bank, the
subsidiary of Monarch Financial Holdings, Inc. (Nasdaq:MNRK), announced it has
been named as one of the 2014 Best Places to Work in Virginia by Virginia
Business Magazine. The Bank will accept this award in February at a formal
ceremony.

"While we have won many awards and recognition for our financial performance
in the past, this recognition has an even greater value due to the fact our
success is employee driven.We won best places to work in Hampton Roads three
times in the past, but to have an award that covers the entire state of
Virginia is extraordinary," stated Brad E. Schwartz, Chief Executive Officer.
"Putting our employees first has been one of our core values since Monarch was
founded, and they truly deserve to be ranked as one of the best team of
employees in Virginia as well."

The annual list of the Best Places to Work in Virginia was created by Virginia
Business and Best Companies Group. This statewide survey and awards program is
designed to identify, recognize and honor the best places of employment in
Virginia, benefiting the state's economy, its workforce and businesses. The
2014 Best Places to Work in Virginia list is made up of 100 companies.

Companies from across the state entered the two-part survey process to
determine the Best Places to Work in Virginia. The first part consisted of
evaluating each nominated company's workplace policies, practices, philosophy,
systems and demographics. This part of the process was worth approximately 25%
of the total evaluation. The second part consisted of an all Virginia-based
employee survey to measure the employee experience. This part of the process
was worth approximately 75% of the total evaluation. The combined scores
determined the top companies and the final ranking. Best Companies Group
managed the overall registration and survey process in Virginia and also
analyzed the data and used their expertise to determine the final ranking.

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 over 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: Brad E. Schwartz, Chief Executive Officer
         Monarch Bank
         (757) 389-5111

Monarch Financial Holdings, Inc. logo
 
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