Blue Ridge Savings Bank (1978-2011) — Asheville, North Carolina

Asheville, North Carolina

As an avid urban explorer and back roads traveler often times I come across buildings and signs that appear to be much older than they really are. Until last weekend I honestly hadnt explored Asheville or the area beyond driving through the town on interstate 40 and Interstate 26. When I came across this building with the perfectly visible ghost sign of Blueridge Savings Bank I just knew I had found a gem with all kinds of neat history and stories to share. Boy was I wrong. In fact, the Blue Ridge Savings Bank wasnt even much older than myself.  The bank itself is located in the Jackson Building, the first skyscraper built in Western North Carolina.  The 140 foot, 15 story building was completed in 1924.

 

In 1978, a group of more than 50 stockholders opened Blue Ridge Savings and Loan on Smoky Park Highway, the present location of the West Asheville Branch office. These stockholders were a diverse group of local business owners, merchants, farmers, developers, and others who took pride in encouraging savings.
In October 2011 the bank became the 78th bank to fail as a result of the great recession and financial crisis of 2008. At the time of closing by the state of North Carolina regulators the bank had 10 branches. All of these branches reopened as Bank of North Carolina except for the main office pictured above.

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