ASHEVILLE, N.C., Sept. 19, 2014 /PRNewswire/ -- ASB Bancorp, Inc.
(the "Company") (NASDAQ GM: ASBB), the holding company for
Asheville Savings Bank, S.S.B. (the "Bank"), announced today that
on September 15, 2014, the Board of
Directors of ASB Bancorp, Inc. and Asheville Savings Bank, S.S.B.
voted to expand the size of the Board for the Company and the Bank
and appointed a new director, Ms. Alison
Smith.
Ms. Smith assumed her position effective September 15, 2014 and will serve on the Audit
Committee and the Asset Liability Committee of the Board.
Ms. Smith serves as President of Smith Capital Inc., a financial
advisory and investment banking firm in Charlotte, North Carolina and has served in
such capacity since 1995. Ms. Smith has also served as a
director of Yadkin Valley Financial Corporation from 2009 until
2014, where she chaired the Audit Committee and served on the
Executive, ALCO and Capital committees, and American Community
Bancshares, Inc. from 2000 until 2009, where she chaired the
Nominating Committee and served on the Audit and Compensation
committees. She has substantial experience advising,
evaluating and structuring bank acquisitions, valuing bank
securities and writing bank strategic plans.
ASB Bancorp is the parent company of Asheville Savings Bank,
S.S.B., a North Carolina chartered
stock savings bank with a community focus offering traditional
financial services through 13 full-service banking centers located
in Buncombe, Madison, McDowell, Henderson, and Transylvania counties in Western North Carolina and a loan production
office in Charlotte, North
Carolina.
Contact:
Suzanne S. DeFerie
Chief Executive Officer
ASB Bancorp, Inc.
(828) 254-7411
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SOURCE ASB Bancorp, Inc.