Lake Norman Benefits Acquires Business Unit of Aquesta Bank

Jan. 3, 2013 - PRLog -- MOORESVILLE, NC –  Lake Norman Benefits announced the acquisition of the employee benefits practice from Aquesta Bank and its wholly owned subsidiary, Aquesta Insurance Agency, Inc. (AISI), in Cornelius, NC.  

David C. Contorno, President and CEO Lake Norman Benefits stated “Acquiring the employee benefits business unit from Aquesta is an important part of our 2013 growth plans.  While our intrinsic growth has been, and continues to be, outstanding – this type of growth-through-acquisition give us the advantage of increased economies of scale that will allow us to provide all of our clients with even higher levels of service than those which they have become accustomed to from Lake Norman Benefits.”

Jim Engel, President and CEO of Aquesta Bank (parent of AISI), said that “Our agency can now focus on continuing to grow it primary business, personal and commercial insurance, while our benefits customers receive excellent care with Lake Norman Benefits, Inc.”

Lake Norman Benefits is an employee benefits consulting company with offices located in Mooresville, NC, Smithtown, New York and Chicago Illinois.

For additional information, please contact Jim Emmerson (Director of Marketing, Lake Norman Benefits, Inc.) or David C. Contorno (President and Chief Executive Officer) at 704-663-4236 or visit us online at www.lakenormanbenefits.com.