Midday Gainers / Losers
- BySeeking Alpha
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ASB Bancorp, Inc. operates as the bank holding company for Asheville Savings Bank, S.S.B. that provides mortgage, consumer, and commercial banking services in North Carolina. It accepts various deposit products, including noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising negotiable order of withdrawal and money market accounts; regular savings accounts; and certificates of deposit. The company’s loan portfolio includes real estate mortgage loans, such as one-to-four family residential mortgage loans and commercial mortgage loans; and revolving mortgage loans comprising home equity loans and lines of credit. It also provides consumer loans, construction and land development loans, and commercial and industrial loans. In addition, the company offers non deposit investment products consisting of mutual funds; and debt, equity, and government securities, as well as retirement accounts, insurance products, and fixed and variable annuities through an agreement with a third-party registered broker-dealer. As of February 7, 2017, it offered financial services through 13 full-service banking centers located in Buncombe, Madison, McDowell, Henderson, and Transylvania counties in Western North Carolina. ASB Bancorp, Inc. was founded in 1936 and is headquartered in Asheville, North Carolina. As of May 1, 2017, ASB Bancorp, Inc. was acquired by First Bancorp.