The first charter was granted to Asheville Federal Savings and Loan Association in February 1936 and the Association opened in April that year. In 2002, Asheville Savings Bank, S.S.B. began working to historically restore its original main office located at 11 Church Street and completed the work early in 2005. The services provided by the bank include personal and business banking, investment and merchant card services, a variety of loan options and money market and savings accounts. In 2005, the company reported assets of more than $550 million. Asheville Savings Bank, S.S.B. has a total of 12 locations in North Carolina and is headquartered in Asheville, N.C.