Weststar Financial Services Corp. (WFSC.OB) Reports Record Assets
Weststar Financial Services Corporation (WFSC.OB), a holding company for the Bank of Asheville, North Carolina, has reported record consolidated assets of over $193 million, as of September 30, 2008, a 13% increase over the same date figure for 2007. Total loans grew 21% from a year ago, to over $157 million, with deposits growing 14% to over $166 million. Shareholder equity increased by 9% to $15.8 million. In addition, asset quality remained strong for Weststar, displaying continued improvement, with the ratio of non-performing loans to total assets decreasing over the past year, further indicating that the bank’s traditionally conservative policies…