Monarch Financial to Convert Series B Noncum. Convertible Preferred Stock
February 21, 2013 at 10:16 AM EST
Monarch Financial Holdings, Inc. (Nasdaq: MNRK ), the bank holding company for Monarch Bank, provided notice today that all outstanding shares of their Series B noncumulative convertible preferred stock, which trades under the symbol of MNRKP, will be converted to shares of the Company's common stock. The Company's common shares have traded for 20