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Slideshow Stock Buybacks

By The Online Investor Staff, updated Wed., Apr. 1, 1:46 PM

Slide #2. ASB Bancorp, Inc.

Company: ASB Bancorp, Inc. (NASDAQ:ASBB)
Share Amount Authorized: 5%
Buyback Details: 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 is a holding company. Co. operates through its subsidiary, Asheville Savings Bank. Co. provides financial services to consumers and businesses in its primary market area of Asheville, NC and the rest of Buncombe County, and Henderson, Madison, McDowell and Transylvania Counties. Co. accepts deposits from the general public and uses those funds to originate primarily one- to four-family residential mortgage loans and commercial real estate loans, and home equity loans and lines of credit, consumer loans, construction and land development loans, and commercial and industrial loans. As of Dec 31 2013, Co. had total assets of $733.0 million and total deposits of $572.8 million.
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Company Name:  ASB Bancorp, Inc.
Website:  www.ashevillesavingsbank.com
Sector:  Credit Services & Lending
Number of ETFs Holding ASBB:  1
Total Market Value Held by ETFs:  $278780
Total Market Capitalization:  $90.00M
% of Market Cap. Held by ETFs:  0.31%
 

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April 1, 2015    1:46 PM Eastern
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