Monarch Financial Holdings, Inc. (NASDAQ:MNRK), the holding company for Monarch Bank, announced that its Board of Directors on November 16, 2011 , declared a regular quarterly cash dividend of $0.4875 per share on its 7.80% Series B Noncumulative Convertible Preferred Stock. The dividend is payable on December 30, 2011 to shareholders of record on December 1 , 2011. The amount and declaration of future cash dividends are subject to Board of Director's approval in addition to regulatory restrictions.

Monarch Financial Holdings, Inc. operates as the bank holding company for Monarch Bank that provides various banking products and services for businesses, professionals, corporate executives, and individuals.

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