ASHEVILLE, N.C., March 31, 2015 /PRNewswire/ -- ASB Bancorp, Inc.
(the "Company") (NASDAQ GM: ASBB) announced today that the
Company's Board of Directors approved a stock repurchase program
whereby the Company may repurchase up to 5%, or 218,920 shares, of
its outstanding common stock as and when deemed appropriate by
management and under any plan that may be deployed in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934. The
Rule 10b5-1 repurchase plan allows the Company to repurchase its
shares during periods when it would normally not be active in the
market due to its internal trading blackout period.
![ASB Bancorp Logo ASB Bancorp Logo](http://photos.prnewswire.com/prnvar/20111031/CL96775LOGO)
ASB Bancorp is the parent company of Asheville Savings Bank,
S.S.B., a North Carolina chartered
stock savings bank offering traditional financial services through
thirteen 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. Originally chartered in 1936 and headquartered in
Asheville, North Carolina,
Asheville Savings Bank is locally managed with a focus on fostering
strong relationships with its individual and business customers,
its employees and the communities it serves.
Contact:
Suzanne S. DeFerie
President and Chief Executive Officer
(828) 254-7411
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SOURCE ASB Bancorp, Inc.