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Weststar Financial Services Corp
79 WOODFIN PLACE
Phone: 828-252-1735p:828-252-1735 ASHEVILLE, NC  28801  United States Fax: 828-252-1792f:828-252-1792
On January 21, 2011, The Bank of Asheville, Asheville, NC, a wholly-owned subsidiary bank of Weststar Financial Services Corporation, was closed by the North Carolina Office of Commissioner of Banks, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposit accounts were transferred to First Bank, Troy, NC. Following the closure of The Bank of Asheville, Weststar Financial Services Corporation has no active operating business or income resulting from operations. The Company does not anticipate having any material operating income at any time in the future and has commenced the process of winding up its affairs.
This company is no longer actively traded on any major stock exchange.
Business Summary
Weststar Financial Services Corporation is a bank holding company for The Bank of Asheville (the Bank). As of December 31, 2009, the Company did not engage in any business activities on its own. It only owns the Bank, which engages in the commercial banking business. The Bank’s loan portfolio consists of real estate-construction loans, commercial, financial, and agricultural loans, and consumer loan. At December 31, 2009, securities carried at market value totaled $25,046,500, with amortized costs of $24,613,580. All investment securities are available for sale. The Company invests in residential mortgage-backed securities, the United States Government agencies, residential mortgage-backed securities United States Government agencies securities and municipal bonds.
(Source: 10-K)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/201012/31/2009YesYes---

Industries
SIC Code Description
6035 Savings institutions, federally chartered
6022 State commercial banks
6712 Offices of bank holding companies

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President, Chief Executive Officer, Chief Financial Officer, Treasurer, Secretary, Director Randall C.Hall 47 8/26/2010 8/26/2010
Vice Chairman of the Board Darryl J.Hart 50 4/30/2009 1/1/1997
Senior Vice President and Senior Credit Officer John R.Hamrick 64 1/1/2009
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
BANK OF ASHEVILLE 79 WOODFIN PL ASHEVILLE NC

Business Names
Business Name
The Bank of Asheville
Weststar Financial Services Corp.
Weststar Financial Services Corporation I

General Information
Stock Exchange: OTC
Federal Tax Id: 562181423
Fax Number: 828-252-1792


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Saturday, July 22, 2023