Aquesta Bank swings to 3Q gain

Full story: Charlotte Business Journal

Aquesta Bank reports third-quarter net income of $182,000. In the same period last year, the Cornelius-based bank lost $728,000. In the third quarter of 2008, Aquesta wrote down an investment in Fannie Mae and Freddie Mac preferred stock with a valuation charge of $792,000. In the latest quarter, total assets grew to $185.5 million from $171.9 ...

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