Monarch Bank, a subsidiary of Monarch Financial Holdings Inc., says Andrew W. Proctor has joined the company as senior vice president in its new Richmond, Va., office.
Proctor has 25 years of experience and specializes in supporting commercial real estate developers and investors, the company says.
E. Neal Crawford Jr., president, says the company is ‘enter[ing] the Richmond market with a targeted approach to loan and fee income growth.’ Monarch currently has three mortgage offices in Richmond, and the company plans to hire additional bankers to serve the market.
Proctor previously worked for First Union, Jefferson National, Wachovia Securities and GE Real Estate. Since 2012, he has served as principal, owner and manager of Atlantic Mortgage and Investment Co., also in Richmond.
‘We will continue to place commercial loans in the permanent market but can now book balance sheet construction, bridge and mini-perm loans for the central Virginia market," Proctor says.