Financial planner named as one of nation’s top advisors
CORNELIUS - Certified Financial Planner Jeffrey A. Carbone (second from left), one of four principals of Cornerstone Financial Partners, Inc., was named to the Financial Times’ list of Top 400 Financial Advisors for 2013. Cornerstone Financial Partners, based in Cornelius, is a branch office of LPL Financial, the nation’s largest independent broker-dealer. Carbone’s award reflects each advisor’s performance in six areas, including assets under management, asset growth, compliance record, experience, credentials and accessibility. Carbone is only one of five advisers named and the only one from an independent firm. The four CFP principals are (from left) Brian Needleman, Carbone, Craig Rubrecht and Andrew Smith. Cornerstone is located at 18716 W. Catawba Ave. For information, call 704-987-3410 or visit www.cfpwealthplan.com.
Brian Sisson named to EnergyUnited board
STATESVILLE - Huntersville resident Brian Paul Sisson has been appointed to the board of directors of EnergyUnited.
Sisson will complete the remaining two years of the term left vacant by the passing of long-time board member Jimmy R. Horton, Sr. He will represent Energy United’s third district.
“We are pleased with the appointment of Mr. Sisson to the EnergyUnited board of directors,” said Dr. Max Walser, EnergyUnited president.
“Obviously he has impressive credentials and will bring a new and interesting viewpoint to our board and our organization. His dedication to the community in which he lives is directly in line with our mission and I think he will make a great addition to our group and to EnergyUnited as a whole.”
Sisson is a former Huntersville town commissioner and also served as the
town’s Mayor Pro Tem for several years. He has an undergraduate degree from the University of North Carolina and a master’s degree from Kennedy Western
The owners of two local businesses, including The Range at Lake Norman, he and his wife, Patricia, have two children, Kaitlyn and Sam.
Aquesta announces first quarter results and dividend.
CORNELIUS - Aquesta Bank announced operating income for the first quarter of 2013.
Unaudited net income was $345,000 compared to net income of $146,000 in the same period a year ago. Net interest income for the first quarter of 2013 was comparable at $1.7 million for the same period of 2012. Total assets increased to $210 million at the end of the first quarter of 2013, compared to $205.1 million on December 31, 2012.
“Aquesta Bank shifted to a more growth focused mode of operations during the quarter. While we will remain vigilant of asset quality, we are seeing opportunities to capture market share as some competitors continue to wrestle with asset quality issues," said Jim Engel, CEO and president.
“Core deposits grew by almost 20 percent over the prior year while the costs of funds continue to decrease. If we can generate good quality loan growth, the combination of lower interest costs and greater loan yields would be quite beneficial to earnings potential. ”
The bank has also announced a 20 percent stock dividend, payable to common shareholders of record on April 29, 2013 with the distribution on May 15. No fractional shares will be issued.
Aquesta Bank serves the Lake Norman market with a focus on small to medium sized businesses and professionals. It has branches in Cornelius, Davidson and two in Mooresville. Aquesta Insurance Services has offices in Cornelius, Concord, Mooresville and Wilmington.
For information, contact CFO Kristin Parsons at 704-439-4343 or visit www.aquesta.com.