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Cornelius News

Aquesta announces 20 percent stock dividend

Jan. 19. Aquesta Financial Holdings, the parent company of Aquesta Bank and Aquesta Insurance Services, has announced a 20-percent stock dividend.

Shareholders of record as of Feb. 9 will receive one share for every five they own, payable Feb. 23. A shareholder owning 1,000 shares prior to the transaction will now own 1,200 immediately afterwards.

Aquesta, which trades under the symbol AQFH, said most shareholders will need to take no action because ownership records are maintained electronically. For those shareholders who have not yet exchanged their old Aquesta Bank shares for the current Aquesta Financial shares, the stock dividend will remain in escrow until the old shares are exchanged. (Shareholders electing to receive paper shares pursuant to the prior exchange will now receive additional paper shares reflecting this current stock dividend.)