US Regional Bank Forms Private Client Unit

Paul Das

11 November 2005

Virginia-based Monarch Bank has formed a private client group to service high net worth individuals. The new unit will cover investment, insurance, financial planning, and personal banking needs of professionals, business owners, and other HNWs. The bank has recently hired William Dudley as First Vice President and Managing Partner of the private client group. Mr Dudley was previously with Wachovia Wealth Management and will be located in Monarch’s Lynnhaven, Virginia Beach office. Monarch Bank is a community bank with two offices in Chesapeake, three offices in Virginia Beach, and two offices in Norfolk, Virginia.