Zacks Investment Research upgraded shares of MONARCH FINANCL (MNRK) from UNDERPERFORM to NEUTRAL on December 17, 2013, with a target price of $11.30.
Monarch Bank, a local community bank, engages in general commercial and retail banking, serving the financial needs of small to mid-sized businesses, professionals, corporate executives and consumers in South Hampton Roads. It offers full-service banking with a complete line of business and retail banking products including checking, savings and other deposit services. The Bank also has a full range of lending products, highlighted by Monarch's Equity Line.
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