Monarch Bank
| Status: | Inactive as of 06/25/2016 |
| Absorption - Without Assistance | |
| Successor Bank: | TowneBank |
| Headquarters: | Monarch Bank 750 Volvo Parkway Chesapeake, VA 23320 |
| Established: | 04/14/1999 |
| FDIC Insurance: | 04/14/1999 |
| FDIC Cert: | #34945 |
| Charter Class: | Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) |
| Total Assets: | $1,212,196,000 |
| Total Deposits: | $1,064,265,000 |
History
| 1999-04-14 | Institution established: Original name:Monarch Bank | |
| 2016-06-25 | Merged into and subsequently operated as part of Towne Bank (35095) in PORTSMOUTH, VA | |
| 2018-01-26 | Acquired Paragon Commercial Bank (35100) in RALEIGH, NC | |
| 2023-01-13 | Acquired Farmers BankTowneBank (2429) in WINDSOR, VA. |