Aquesta Insurance Services, Inc. Announces Acquisition of Alex Squires’ Insurance Portfolio in Wilmington, NC

CORNELIUS, N.C., Jan. 21, 2016 -- Aquesta Financial Holdings, Inc and Aquesta Insurance Services, Inc (A Subsidiary of Aquesta Bank) (“Aquesta”) (OTC Markets symbol AQFH) announced today that it has finalized its purchase of the Alex Squires’ Insurance Portfolio from the James E Moore Agency, Inc. in Wilmington, North Carolina.  This purchase includes the employment of Alex Squires and Dana Sutton, along with their associated accounts in the Hampstead / Wilmington markets commencing on March 1, 2016. 

Aquesta Insurance President Denis Bilodeau stated “We are very excited to be adding a high quality; customer service oriented insurance agent and staff to our growing book of business.  Wilmington and contiguous areas are fantastic markets for Aquesta.  Alex brings an unparalleled level of expertise regarding flood, wind and associated risks that are so very relevant to that market.” 

Jim Engel, CEO & President of Aquesta Bank also commented.  “We recently finalized the purchase of a soon to be full service bank branch in Wilmington.  The addition of Alex and Dana comes at an ideal time to further propel Aquesta in that area.” 

Aquesta’s subsidiary, Aquesta Bank, has branches in Cornelius, Davidson, Huntersville, Mooresville and Charlotte with its Wilmington branch expected to open in the spring.  Aquesta Insurance Services, Inc. ---an independent agency--- has offices in Cornelius, Huntersville, Mooresville, Wilmington and now in Hampstead.

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.