Monarch Bank, a branch of Monarch Financial Holdings,Inc officially declared various ajustments to its banking footprint. Brad E declared : “We continue to enhance our delivery of services, and are proud to announce the future opening of a full-service office in Newport News, the relocation of a banking office in Virginia Beach, and the closing of an office in Suffolk,”.

 Schwartz, Chief Executive Officer. “Every one of these changes is designed to improve the delivery of service to our clients and drive future growth and profitability.”

In Virginia Beach, Monarch Bank has signed a lease for the relocation of their current Willis Wayside office to Virginia Beach Town Center.

 This full service banking office will open late in 2014 and will provide drive-in banking and ample ground parking for clients, two things many of the other banks in the development do not offer.

 Monarch has hired Ms. Vita Harper to lead the office where she previously served as the manager of the nearby BB&T Bank office at Pembroke. The Pembroke office is the largest BB&T office in Virginia Beach and recently reported $383 million in deposits. The 17-blocks of the Town Center of Virginia Beach offer high-end retail and office space, centrally located between downtown Norfolk and the Virginia Beach oceanfront, the Town Center of Virginia Beach has over 700,000 square feet of high-end retail space, restaurants, cafes, a comedy club, cinemas and The Sandler Center for the Performing Arts, as well as approximately 800,000 square feet of commercial office space.

The area houses the region’s most prestigious law firms, engineering, architectural, financial, software and businesses in one of seven office buildings.