ASB BANCORP, INC. (NASDAQ:ASBB) Files An 8-K Results of Operations and Financial Condition
Item 2.02
|
Results of Operations and Financial Condition |
On January 30, 2017, ASB Bancorp, Inc. (the Company), the holding
company for Asheville Savings Bank, S.S.B., issued a news release
announcing its financial results for the three months and year
ended December 31, 2016. A copy of the news release is included
as Exhibit 99.1 to this report and is furnished herewith.
| Item 9.01 | Financial Statements and Exhibits |
Exhibits
| Number | Description |
| 99.1 | News Release Dated January 30, 2017 |
About ASB BANCORP, INC. (NASDAQ:ASBB)
ASB Bancorp, Inc. is the holding company for Asheville Savings Bank (the Bank). The Company’s principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Bank is a chartered savings bank. It operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. It accepts deposits from the public and uses these funds to originate loans. The Bank, through a third-party registered broker-dealer, offers its customers non-deposit investment products, including mutual funds, debt, equity and government securities, retirement accounts, insurance products, and fixed and variable annuities. Its primary market area is Asheville, North Carolina and the rest of Buncombe County where it has over eight branch offices, as well as Henderson, Madison, McDowell and Transylvania Counties where it has over five branch offices and a loan production office in Mecklenburg County. ASB BANCORP, INC. (NASDAQ:ASBB) Recent Trading Information
ASB BANCORP, INC. (NASDAQ:ASBB) closed its last trading session down -0.45 at 31.25 with 0 shares trading hands.