Since 1908, Black Mountain Savings has been committed to providing home loans and secure savings for the Citizens of the Swannanoa Valley. We are proud to be Black Mountain’s oldest business and its only community owned bank.
Black Mountain Savings Bank is one of only approximately 325 banks, less than 5% of all US FDIC insured banks, to be recognized by BauerFinancial, Inc. with its “5 Star” rating, the company’s highest “financial performance” rating for twenty-six consecutive years (1988-2015). This achievement is attributable in large part to the 107 years of combined experience the Board of Directors has with the institution, in addition to the 126 years of service by the Bank’s six full time employees.
We never chose to become a big bank! Since the very beginning, Black Mountain Savings has stayed “steady on course” to serve only those Citizens and Residents of the Swannanoa Valley, exclusively.
Officers:
M. Wendell Begley, President & CEO
Meredith O. Begley, Secretary-Treasurer
Board of Directors:
C.T. Sobol, Jr., Chairman
M. Wendell Begley
William H. Christy
David D. Duncan
C. Roger Hibbard
James Edward Neves
Joseph M. Tyson