MONARCH COMMUNITY BANCORP

Monarch Community Bancorp is a federal bank holding company that accepts deposits, makes loans, and provides other services for the public. It operates through its wholly-owned subsidiary, Monarch Community Bank (the 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. The Bank also originates home equity loans and a variety of consumer loans. The Bank’s revenues are derived principally from interest on loans, investment securities, and overnight deposits, as well as from sales of loans and fees and charges on deposit accounts. The Bank’s geographic market area for loans and deposits is principally Branch, Calhoun, and Hillsdale counties.

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