Asheville Savings Bank

The mission of the Asheville Savings Bank is to "provide quality financial services to aid our customers in their economic growth and prosperity." Asheville Savings has been doing that and a lot more in greater Western North Carolina for over 50 years. The bank currently operates 13 consumer branches in 7 different communities across Western North Carolina including 6 branches in Asheville alone.


Asheville Savings bank operates 14 total branches including the Operations Center. Visit Asheville Savings Bank’s Locations Page for a complete list of bank branches and ATM locations.

Community Involvement

Asheville Savings Banks, through its Community Support Programs has contributed millions of dollars to non-profit organizations to help improve the quality of life of the residents of Western North Carolina.

Each year Asheville Savings Bank’s Community Relations Committee allocates available funding to area organizations who submitted an application. Click here to download an application today.


The first charter was granted in 1936 under the name Asheville Federal Savings and Loan Association. Asheville Federal expanded significantly during the 1960’s and 70’s opening branches in Black Mountain, Mars Hill, and Skyland.

In 1981 Asheville Federal Savings and Loan merged with McDowell Savings and Loan in Marion. During the 1990’s the bank’s name changed twice, first to Asheville Federal Bank and then in 1993 to the current name, Asheville Savings Bank. In 1998 Asheville Savings opened a Commercial Service Division to serve the needs of local businesses.

During the 2000’s Asheville Savings Banks has continued to grow, adding several new branches including the Reynolds and Fletcher Branches and completely renovating the Downtown Branch. The revitalization of Asheville has allowed for rapid asset growth in recent years. In February of 2005 Asheville Savings Bank ended the month with just over $550 million in assets.

Learn More About Asheville Savings Bank History.

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