Asheville Savings Bank, S.S.B.

Status:Inactive as of 2017-10-01
 Merger - Without Assistance
Successor Bank:First Bank
Headquarters:Asheville Savings Bank, S.S.B.
11 Church Street
Asheville, NC 28801
Established:1936-03-01
FDIC Insurance:1936-04-03
FDIC Cert:#29663
Charter Class:Savings banks, state charter, supervised by the FDIC
# of Branches:13
Total Assets:$792,103,000
Total Deposits:$683,848,000

History

1936-03-01Institution established: Original name:Asheville Federal Savings and Loan Association
1981-02-28Acquired Security Federal Savings and Loan Association of Statesville (31721) in STATESVILLE, NC
1981-03-31Acquired Mcdowell Savings and Loan Association (30989) in MARION, NC
1990-12-31Changed organization type to MUTUAL SAVINGS BANK
1990-12-31Changed name to Asheville Federal Bank - A Federal Savings Bank
1993-05-10Changed name to Asheville Savings Bank, S.S.B.
1993-05-10Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2011-10-06Changed organization type to STOCK SAVINGS BANK
2017-10-01Merged into and subsequently operated as part of First Bank (15019) in SOUTHERN PINES, NC

Financial Information (2017-09-30 and Older)