Business: Monarch Community Bancorp Inc., is a federal bank holding company that operates through its wholly owned subsidiary, Monarch Community Bank. The Bank’s principal business consists of attracting retail deposits from the general public and investing those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences, loans secured by commercial and multi-family real estate, commercial business loans and construction loans secured primarily by residential real estate. Monarch Community Bank provides a range of banking services and operates five full service retail offices in its primary market area of Branch, Calhoun and Hillsdale counties in Michigan. The Bank owns 100% of First Insurance Agency.