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Aquesta Bank Purchases CertusBank Branch in Southpark

CHARLOTTE, N.C., March 31, 2015 (GLOBE NEWSWIRE) -- Aquesta Bank President & CEO Jim Engel is pleased to announce today that Aquesta has purchased a branch location of CertusBank in the Southpark area of Charlotte, NC. The branch is located at 4519 Sharon Rd in the Sharon Station Office Park directly across from the main entrance of Southpark Mall. The purchase is expected to close in early July of this year pending regulatory approval and certain business matters. The conversion will not impact the day to day banking at this location or with CertusBank and will be seamless to customers.



Aquesta is excited to bring its personalized and creative banking approach to the Charlotte market with this new flagship branch.

Aquesta Bank CEO, Jim Engel stated, "We are very happy to welcome the CertusBank customers to Aquesta. I am confident they will appreciate the caring, knowledgeable service Aquesta offers. We will strive to make the transition not only seamless but – believe it or not – enjoyable. For our current customers, we believe this location will greatly enhance the ease of banking with their favorite bank when shopping or working in the Southpark area."

CertusBank CEO, also commented that...." As we planned our exit from North Carolina our number one priority was to partner with banks that would provide our customers with the same high level of service they have become accustomed to with Certus. We have gotten to know the great bankers at Aquesta Bank over the last few months and are absolutely confident that our customers will enjoy this new relationship." CertusBank was assisted by Sandler O'Neill in completing this transaction.

Aquesta Bank is a local commercial bank headquartered in Cornelius with 6 branches near Lake Norman. Aquesta initially expanded into Charlotte with the hiring of Ellen Stahlsmith two years ago as its first experienced commercial lender living in and solely focused on the Charlotte Market. Ellen has been able to expand Aquesta's Charlotte customer base by providing excellent, customized banking experiences to new Aquesta customers. Ellen will now have an office in this new branch location.

Aquesta Bank is a locally owned community bank providing full service banking with a focus on small to medium sized businesses and professionals. Aquesta uses cutting edge technology to better service its customers, including on-line banking, on-line cash management, remote deposit technology and nationwide free any bank ATM usage available.

Aquesta Bank currently has two branches in Cornelius, one in Davidson, two in Mooresville, and one in Huntersville, NC. Now Aquesta has added Charlotte to its market. Aquesta is a subsidiary of Aquesta Financial Holdings, Inc. and is traded on the OTC as symbol AQFH. Aquesta Bank's wholly owned independent insurance agency (Aquesta Insurance Services, Inc.) has offices in Cornelius, Mooresville and Wilmington. Aquesta Insurance offers a full line of commercial and personal insurance products with excellent pricing and service.

For more information on Aquesta Bank, please contact Lauren Furcht, Director of Marketing at (704) 439-4343 or visit our website at www.aquesta.com.

Source:Aquesta Bank