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Aquesta Financial Holdings, Inc., Announces Fifth Consecutive Increase in Annual Cash Dividend

CORNELIUS, N.C., Oct. 25, 2017 (GLOBE NEWSWIRE) -- Aquesta Financial Holdings, Inc and Subsidiaries (“Aquesta”) (OTC:AQFH) announced today that its Board of Directors has declared the payment of Aquesta’s fifth consecutive annual cash dividend in the amount of 11 cents per share to shareholders of record as of December 8, 2017. The dividend is payable on December 22, 2017.

CEO and President of Aquesta Financial Holdings, Inc., Jim Engel, stated “We are very pleased that Aquesta continues to show strong earnings and loan growth. In recognition of these outstanding results, our Board has increased for the fifth consecutive year our annual cash dividend. This level of dividend allows us to reward our shareholders today while retaining sufficient capital to fund our continued growth. ”

Aquesta’s subsidiary, Aquesta Bank, has branches in Cornelius, Davidson, Huntersville, Mooresville, Charlotte, and Wilmington, North Carolina, and a loan production office in Greenville, South Carolina. Aquesta Insurance Services, Inc. ---an independent agency--- has offices in Cornelius, Mooresville, Hampstead, and Wilmington, North Carolina and Murrells Inlet, South Carolina.

For additional information, please contact Jim Engel, CEO and President of Aquesta Financial Holdings, Inc. at 704-439-4343 or visit us online at www.aquesta.com.

Information in this press release may contain forward looking statements that might involve risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, and changes in interest rates.

Source:Aquesta Bank