Headquartered in Asheville, North Carolina, Asheville Savings Bank is a North Carolina savings bank chartered in 1936 and is a wholly-owned subsidiary of ASB Bancorp, Inc. Asheville Savings Bank is a community-oriented financial institution with 170 employees offering traditional financial services through 13 full service banking centers located in Buncombe, Henderson, McDowell, Madison and Transylvania counties in western North Carolina. Asheville Savings Bank is the oldest, locally managed, independent financial institution headquartered in Asheville with total assets of 799 million as of September 30, 2011.