Knoxville Biz Ticker: Optimas Solutions opens regional distribution center in Knoxville to improve supply chain in the Tennessee Valley area
The Knoxville News-Sentinel 1 hr ago Knoxville News Sentinel
Optimas Solutions opens regional distribution center in Knoxville to improve supply chain in the Tennessee Valley area
Wood Dale, IL. – June 1, 2021 Optimas Solutions, a global industrial manufacturer/distributor and service provider, announced the opening of a regional distribution center in Knoxville, TN to better serve current customers, deliver more supply chain security in the surrounding area and to tap underserved markets. The opening of the facility is part of a larger Optimas strategy to create a U.S. distribution footprint that more efficiently brings supply closer to customer demand to ensure timely delivery of parts, plus better inventory management.
Local bankers shift more attention to PPP forgiveness after lending portion wraps up
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United Community Banks, Inc And Aquesta Financial Holdings, Inc , The Parent Of Aquesta Bank, Announce Merger Agreement
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United Community Banks Inc. and Aquesta Financial Holdings Inc. today announced a definitive agreement for United to acquire Aquesta, including its wholly-owned subsidiary, Aquesta Bank.
The transaction value is estimated at approximately $131 million, including approximately $12 million in value for outstanding options and warrants to acquire Aquesta common stock, according to a news release.
Aquesta is headquartered in Cornelius, N.C., a fast-growing suburb north of Charlotte on Lake Norman. It has an experienced management team led by President and CEO Jim Engel, who founded Aquesta Bank in 2006. The bank has a network of nine branches in Charlotte and Wilmington, N.C., as well as loan production offices in Raleigh, N.C., and Greenville and Charleston.
Aquesta Financial Holdings, Inc Announces Results of Operations for the First Quarter of 2021
April 07, 2021 13:04 ET | Source: Aquesta Bank Aquesta Bank Cornelius, North Carolina, UNITED STATES
CORNELIUS, N.C., April 07, 2021 (GLOBE NEWSWIRE) Aquesta Financial Holdings, Inc and subsidiaries (“Aquesta”) (OTC Market symbol AQFH) – including its subsidiary Aquesta Bank announced today net income for the first quarter of 2021 (three month period ending March 31, 2021). For the first quarter of 2021, Aquesta had unaudited net income of $2.5 million (46 cents per share) compared to the first quarter of 2020 net income of $881 thousand (16 cents per share). Thus, earnings grew at 186.5 percent in the first quarter of 2021 compared to the first quarter of 2020.