Security Federal Savings and Loan Association of Statesville

Status:Inactive as of 02/28/1981
 Merger - Assisted
Successor Bank:Asheville Savings Bank, S.S.B.
Headquarters:Security Federal Savings and Loan Association of Statesville
1611 East Broad Street Exit
Statesville, NC 28677
Established:09/11/1974
FDIC Insurance:09/11/1974
FDIC Cert:#31721
Charter Class:

History

1974-09-11Institution established: Original name:Security Federal Savings and Loan Association of Statesville
1981-02-28Failed. Acquired with government financial assistance and subsequently operated as part of Asheville Federal Savings and Loan Association (29663)
1981-03-31Acquired Mcdowell Savings and Loan Association (30989) in MARION, NC
1990-12-31Moved bank headquarters from STATESVILLE, NC to ASHEVILLE, NC
1990-12-31Changed name to Asheville Federal Bank - A Federal Savings Bank (29663)
1990-12-31Changed organization type to MUTUAL SAVINGS BANK
1993-05-10Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1993-05-10Changed name to Asheville Savings Bank, S.S.B. (29663)
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