Monarch Bank Announces Rox Corbin Joins OBX Bank
22 Enero 2015 - 8:15AM
OBX Bank/A Monarch Bank Company, a subsidiary of Monarch Financial
Holdings, Inc. (Nasdaq:MNRK), announced James Rox Corbin has joined
the company as Vice President and Business Banker. Mr. Corbin has
thirty-five years of experience in banking, most recently serving
as Wells Fargo's Dare County market president in the Outer Banks of
North Carolina.
"To have someone of Rox's caliber join OBX Bank is just
incredible. His banking expertise and market knowledge, as well as
his business banking underwriting skills, should further help our
team grow our OBX Bank franchise," stated David W. McGlaughon, OBX
Bank President.
A graduate of Atlantic Christian College/Barton College, he
spent his entire career at Wells Fargo and Wachovia Bank in dealer
finance, loan underwriting, retail office management, and in a
number of business and commercial banking roles. He is a resident
of Southern Shores, North Carolina.
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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