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Optima Bank Stock Sale a Reported Success
 
Published Thursday, June 14, 2012

Portsmouth-based Optima Bank & Trust has sold most of the shares in its “limited-time opportunity” stock offering, according to Daniel R. Morrison, the bank’s president and chief executive officer.

“We have had a tremendous response,” Morrison said. “It has allowed both current shareholders and new shareholders to be a part of our success, while providing capital to fuel Optima’s continued expansion.”

Plans call for the bank, which has expanded assets, income, loans, revenue and capital, to add its fourth branch within the next year, Morrison said. He noted that the opportunity to buy shares at $16 per share will be closed when Optima receives subscriptions for 400,000 shares.

In 2011, Optima’s revenue grew 55 percent and its net income increased 94 percent to more than $1 million. Assets also grew more than 23 percent to $193.5 million, “which was the fastest growth rate of all New Hampshire banks,” he said. In addition, Morrison said Optima’s Portsmouth office grew its deposit market share “faster than any other bank in the city.” It now reports in excess of $110 million in deposits.

At Optima’s North Hampton branch, deposits are now at more than $60 million two years after opening and the bank’s newest branch in Stratham is approaching $20 million in deposits in less than a year of business.

“We are gaining significant market share in each of our communities, as well as considerably beyond those areas,” Morrison said. He attributes the bank's success to its service to customers.For more information, visit www.optimabank.com.


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