Banking
Aquesta full year 2020 rose 21% vs. 2019; 4th quarter up 72%
Jan. 21. Fourth quarter 2020 net rose 72 percent at Cornelius-based Aquesta Financial compared to the fourth quarter of 2019. For the full year ended Dec. 31, 2020 net income rose 21 percent to $5.3 million (96 cents per share) compared to the $4.4 million (82 cents per share) during 2019. CEO Jim Engel said […]
Aquesta lands ‘Top Workplace’ award
Dec. 16. Cornelius-based Aquesta Bank has been recognized by the Charlotte Observer as a Top Workplace based on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage. The survey measured 15 drivers of “engaged cultures,” including alignment, execution and connection. The highest scoring area for Aquesta Bank was appreciation. Energage has […]
Fifth Third picks Wilmington firm for digital services
Oct. 20. Fifth Third Bank has selected Wilmington-based nCino Inc. to help the bank accelerate its “digital transformation.” nCino is a leader in cloud banking solutions for the global financial services industry. Cincinnati-based Fifth Third is a recognized innovator on the digital side of the business, including business lines and channels that connect employees, clients […]
Select launches second stock buyback in 13 months
Oct. 5. Select Bancorp, the holding company for Select Bank & Trust, has approved a new stock repurchase plan for up to 875,000 outstanding shares of its common stock. The company may repurchase shares on the open market or through privately negotiated transactions. The new plan replaces one announced in September 2019 for 937,248 outstanding […]
Aquesta expanding to Charleston, SC market
Sept. 25. Aquesta Bank has received all regulatory approvals necessary to open a new branch in Mount Pleasant, just outside Charleston, SC. The new location, a former “big bank” branch, and open during the second quarter of 2021 after renovations. Aquesta opened in Cornelius in 2004. It now has eight full-service branch locations predominantly in […]
Truliant will close Cornelius branch
Sept. 17. Four years after it opened, it looks like Truliant Federal Credit Union will close its 2,395-square foot branch in Antiquity Town Center. The 68-year-old Winston-Salem based financial institution the branch will permanently close on Friday, Oct. 9. Membership growth The credit union, which sponsors the Lake Norman Chamber golf tournament and the Carolina […]
2Q net at blue harbor up 17%
July 23. Mooresville-based blue harbor bank reported net income of $817,060 and $0.27 per diluted share for the second quarter of 2020, a 17% from the second quarter of 2019. For the six months ended June 30, the net income rose 17 percent to $1,516,150, up from $1,294,880 during the first six months in 2019. […]
Aquesta announces strong 2Q results
July 23. Aquesta Financial Holdings, parent of Aquesta Bank, said net income for the second quarter of 2019 ended June 30 was $1,188,000 compared to second quarter of 2018 net income of $2,031,000. The net income for the second quarter of 2018 included a one-time gain of $1.4 million on Aquesta’s sale of its insurance […]
Carolina Trust completes acquisition of Clover Community
Jan. 9. Carolina Trust Bank has completed its merger with Clover Community Bankshares, resulting in a $600 million banking company headquartered in Lincolnton. The $21 million acquisition of South Carolina-based Clover Community was announced in June last year. Jerry L. Ocheltree, president and CEO of Carolina Trust, said the same employees that served Clover customers […]
