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COMPANY HISTORY


Welcome to ASB Financial Corp.

ASB Financial Corp. (“ASBF” or the “Corporation”), a thrift holding company incorporated under the laws of the State of Ohio, owns all of the issued and outstanding common shares of American Savings Bank, fsb (“American” or the “ASB”), a federal savings bank. Other than investing excess funds, ASBF’s activities have been limited primarily to holding the common shares of American.

American has been serving the Portsmouth, Ohio, area since 1892, and it expanded its market into the Cincinnati, Ohio, area in November 2012, with the acquisition of Cottage Savings Bank. American conducts business in Portsmouth, Ohio, from its main office at 503 Chillicothe Street and its drive-through at 907 Chillicothe Street, and operates from branch offices at 951 West Emmitt Avenue in Waverly, Ohio; 7920 Ohio River Road in Wheelersburg, Ohio; 9813 Montgomery Road 7114 Miami Avenue in Cincinnati, Ohio; and 347 James Hannah Drive in South Shore, Kentucky. The principal business of American is the origination of loans secured by one- to four-family residential real estate located in American’s primary market area, which consists of the contiguous areas of Scioto, Pike and Hamilton Counties in Ohio, and Lewis and Greenup Counties in Kentucky. American also originates loans secured by multifamily residences (over four units) and nonresidential real estate and purchases interests in loans originated by other lenders secured by multifamily real estate and nonresidential real estate located outside of American’s primary market area. In addition to real estate lending, American invests in mortgage-backed securities, U.S. Government and agency obligations, municipal bonds and other investments. Funds for lending and other investment activities are obtained primarily from deposits, which are insured up to applicable limits by the Federal Deposit Insurance Corporation (the “FDIC”), and from borrowings from the Federal Home Loan Bank (the “FHLB”) of Cincinnati.

ASBF is subject to regulation, examination and oversight by the Board of Governors of the Federal Reserve System (“FRB”). American is subject to regulation, examination and oversight by Office of the Comptroller of the Currency of the United States Department of the Treasury (the “OCC”) and the FDIC. American is also a member of the FHLB of Cincinnati.

ASBF’s office is located at 503 Chillicothe Street, Portsmouth, Ohio, 45662. The telephone number is (740) 354-3177.


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