Monarch Bank: BRIEF: TowneBank gets regulatory OK to buy Monarch Bank

(4-traders.com) May 18--TowneBank says state and federal regulators have given the Hampton Roads institution the go ahead to buy Monarch Bank. The Suffolk-based bank said Tuesday that the Virginia State Corporation Commission and Federal Deposit Insurance Corp. approved its purchase of Monarch Financial Holdings, Inc. TowneBank shareholders would still need to...http://www.4-traders.com/TOWNEBANK-63415/news/BRIEF-TowneBank-gets-regulatory-OK-to-buy-Monarch-Bank-22375757/