Ben Vanderberry Joins Monarch Bank Private Wealth
09 Febbraio 2015 - 4:23PM
Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc.
(Nasdaq:MNRK), announced C. Benjamin "Ben" Vanderberry has joined
the company as Executive Vice President to further support the
growth of Monarch Bank Private Wealth. Mr. Vanderberry has over
thirty years of experience in banking, with the majority of his
experience in wealth management, private banking, and commercial
lending.
"Ben is a results oriented banker with a rich understanding of
the Hampton Roads market. He complements our private wealth
team, which joined us from the same bank over two years
ago. His credit skills and previous oversight of private bank
lending throughout the southeastern U.S. will add greatly to our
ability to grow loans to this targeted group of clients in our
markets," stated E. Neal Crawford, President.
A graduate of Virginia Military Institute, he previously worked
for Suntrust Bank as the private wealth management group credit
strategy officer, mid-Atlantic credit advisory services manager,
and regional private wealth manager for Hampton Roads. Prior
to this he served as the private banking market executive for
Hampton Roads as well as a commercial banker for Bank of
America. He is a lifelong resident of Norfolk, Virginia.
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. Monarch Bank has loan production
offices in Newport News and Richmond (Glen Allen),
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-five 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), Advance Financial Group (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".
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 - (757) 389-5111
www.monarchbank.com
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