Monarch Bank

Monarch Bank was established on April 14, 1999, in Portsmouth, Virginia. The bank operated under this name until June 25, 2016, when it merged with Towne Bank and became part of the larger financial institution. After several years of operating as a division of Towne Bank, on November 15, 2022, Monarch Bank officially changed its name to TowneBank. This change marked the culmination of the integration process following the merger and aligned the institution’s branding with that of its parent company.

Below is a list of some important events in banks history, including mergers and acquisitions.

1999-04-14Institution established. Original name: Monarch Bank.

2016-06-25Merged and became part of Towne Bank (35095) in Portsmouth, VA.

2022-11-15Changed Institution Name to TowneBank.