Portsmouth-based Optima Bank & Trust has received “significant interest” from investors in its recently launched stock offering of an additional 400,000 shares, according to CEO Daniel Morrison.
Morrison, who announced the offering at the annual shareholders’ meeting last week, is offering the shares at $16 apiece. The additional capital raised will be used to “fuel continued growth and expansion” of the bank, Morrison said.Morrison said Optima, which has had strong growth across the board in assets, income, loans, revenue and capital, has plans to open another branch in late 2012.The bank has grown significantly since its founding four years ago. In 2011, assets grew more than 23 percent, to $193.5 million, and income increased by 94 percent, to just over $1 million. – JEFF FEINGOLD/NEW HAMPSHIRE BUSINESS REVIEW
The state’s highway infrastructure is in great need of repair, according to a 2026 independent report that ties the improvements directly to the health of New Hampshire’s economy. Long-term needs are currently underfunded, says TRIP (The Road Information Program), a private, nonprofit organization that researches surface transportation issues across the country.
Business and event happenings around the state of NH
The Latest is a roundup of the comings and goings of the movers and shakers in NH's business community
A decade after buying the property to redevelop it into a new generation of vacation cabins, the owner of Presidential Mountain Resort LLC (PMR) in Bethlehem has filed for bankruptcy protection in New York’s federal court, claiming more than $13 million in liabilities owed.
Failure to restore ACA tax cuts will only make things worse, according to U.S. Sen. Maggie Hassan
One of the things I enjoy most about working with New Hampshire business owners is hearing what they’re building toward. Whether it’s growth, succession or greater stability, our conversations are almost always about the future.
For many business owners, building wealth is closely tied to the success of the company. But as revenue grows and priorities shift, it can be difficult to know how much cash to keep available, how much to reinvest and when to begin planning for longer-term goals.
Succession planning for your business goes beyond naming the next leader. It involves preserving continuity for your employees and customers, as well as supporting the company’s long-term success.
As we close out Q2 and review the year so far, there are several interesting dynamics at play.
