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About Us

Now There's More Local To Love.

Two great North Carolina banks are coming together, and we couldn't be more excited!

Although you won’t see the branches and signs change just yet, Asheville Savings Bank is now First Bank, an independent community bank headquartered right here in North Carolina.

What can you expect from your new community bank: friendly and familiar faces; a deep dedication to the success of local organizations, families, and businesses; and the same serious commitment to helping you pursue your dreams. You’ll also have access to sophisticated financial products personalized to your individual needs, great rates, and exceptional service—every time, for everyone.


Learn more about us...

History Learning Center
Our Local Leaders

Executive Management

Suzanne S. DeFerie

Suzanne S. DeFerie

President and Chief Executive Officer

Suzanne S. DeFerie has served as President and Chief Executive Officer of Asheville Savings Bank since January, 2008 and its holding company, ASB Bancorp, Inc since its incorporation in May, 2011. She also serves as a member of the boards of directors for both Asheville Savings Bank and ASB Bancorp, Inc.  Prior to becoming CEO, Ms. DeFerie was Executive Vice President and Chief Financial Officer of the Bank for 16 years.

A native of Lenoir, North Carolina, she is a graduate of Appalachian State University, holds a CPA license and was employed by Deloitte and Touche as a Senior Audit Manager prior to joining Asheville Savings Bank in 1991. 

Ms. DeFerie is active in the banking industry and the Asheville community, currently serving in the following capacities:

  • North Carolina member director of the Federal Home Loan Bank of Atlanta
  • Member of the Community Depository Institutions Advisory Council for the Federal Reserve Bank of Richmond
  • 2015-2016 Chair of the Asheville Area Chamber of Commerce Board of Directors
  • 2013-2014 Chair of the United Way of Asheville and Buncombe County Board of Directors
  • Secretary and Executive Committee member of  the Board of Directors of Mission Health System
  • Member of the Economic Development Coalition of Asheville- Buncombe County Board of Directors

Formerly, Ms. DeFerie served as a member of the Mission Foundation Board of Trustees and Audit Committee Chair, Co-Chair of the 2011 Asheville 5x5 Economic Development campaign, 2010 United Way Campaign Chair, and board member and Treasurer of the Board of Directors of the Asheville Area Habitat for Humanity. She is also a graduate of Leadership Asheville, former board member of the Black Mountain Center Foundation and past president of the Asheville Breakfast Rotary Club.

Vikki Bailey

Vikki D. Bailey

Executive Vice President
Chief Retail Officer

Vikki Bailey joined Asheville Savings Bank in 1976 and has served in various roles during her banking career spanning 30+ years.  A native of Western North Carolina, Ms. Bailey’s experience includes Regional Management, City Executive in Marion and Hendersonville and business, mortgage and consumer lending. 

Ms. Bailey is a graduate of Vision Henderson County and has previously served on the board of Blue Ridge Community College Foundation, United Way of Henderson County and the McDowell Hospital. 


Commitment to Diversity

Diversity Statement

Asheville Savings Bank is committed to ensuring that the services we provide are relevant to the needs of all sections of the community and that our workforce represents the people that we serve.

We recognize that we work in a richly diverse community and understand the strategic importance of achieving a diverse workforce which reflects our community. As a Bank, we recognize the important leadership role we have in promoting and encouraging tolerance, fairness and equality within our organization, as well as the communities we serve.

We believe in treating all people with respect and dignity. We strive to create and foster a supportive and understanding environment in which all individuals realize their maximum potential within the company, regardless of their differences.

Asheville Savings Bank is committed to providing a work environment which celebrates diversity. We strive to create an inclusive corporate culture where all people are treated fairly. Each employee must make a personal commitment to this principle every day -- whenever we interact with our fellow employees and our customers.

Asheville Savings Bank recognizes its talented and diverse workforce as a key competitive advantage. Our business success is a reflection of the quality and skill of our employees. The Bank is committed to seeking out and retaining the finest human talent in order to ensure top business growth and performance.

We recognize that each employee brings their own unique capabilities and characteristics to their work. We value such diversity at all levels in the company. All Bank employees undergo diversity training. Diversity training encompasses raising awareness about issues surrounding diversity and promotes a philosophy of inclusion.


ASB Bancorp, Inc.

On October 1, 2017, ASB Bancorp, Inc. was acquired by First Bancorp. First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $5.2 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 108 branches in North Carolina and South Carolina. First Bancorp’s common stock is traded on The NASDAQ Global Select Market under the symbol FBNC.

For more information, please visit the First Bancorp Investor Relations page


For general inquiries contact us at:
800 222 3230 | | PO Box 652, Asheville, NC 28802

Copyright 2017. First Bank is doing business as Asheville Savings Bank until March 16, 2018.