Tag:  Bank of Asheville

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Bank of Asheville shut down

Posted on by David Forbes

With no warning, the North Carolina Office of Commissioner of Banks shut down the beleaguered Bank of Asheville on Friday, Jan. 21, with the Federal Deposit Insurance Corporation as receiver. First Bank, based in Troy, will take over the bank’s accounts and locations. According to the FDIC, the bank’s customers will still be able to access their accounts as normal.

Biz: Safe havens

Posted on by Hal L. Millard

With all the turmoil and confusion in the financial sector, it’s easy to believe that the carnage is endemic. But while the pall of doom is all too real, not every financial institution is in peril. Give them credit: While the banking and financial sectors are in a shambles, relatively cautious, conservative credit unions and […]