We're proud to say that we have roots while other banks just have branches. As Alexander County's only hometown bank, we've built our reputation on integrity and good, old-fashioned customer service. Come in and find out why generations of families have put their trust in the bank that knows them by name.
Not many banks can boast over 90 years of history, so we do so proudly. Started in Taylorsville, North Carolina in 1921, we were originally known as Taylorsville Building and Loan and located near the Taylorsville Times office. We moved to our current location in the 1960s and our name was changed three more times, to Taylorsville Savings & Loan, then Taylorsville Federal Savings & Loan and finally to Taylorsville Savings Bank.
Today we are proud to be a part of a community of folks we've known for generations. We're privileged to see, greet and serve our friends and neighbors every day.
Our Unique Vision
At Taylorsville Savings Bank, we think different is better. That's why we've never sold a mortgage loan made by the bank and all our deposits on-hand are from our local community. Since we are a mutual—and not stock—corporation, the value of our bank is not dependent upon the peaks and valleys of the stock market and its outside influences. That puts us in the best financial position to meet our customers' needs—today and for years to come. Since 1921, our conservative approach has ensured the financial safety of Alexander County and its residents and neighbors.
Taylorsville Savings Bank, SSB is a mutually owned state savings bank, regulated by both the Federal Deposit Insurance Corporation and the N.C. Office of the Commissioner of Banks. All IRA deposits are insured by the FDIC for up to $250,000. All other accounts are also temporarily insured for up to $250,000 until December 31, 2013, when they will return to being insured for up to $100,000.
The Bank holds its annual meeting on the second Monday of August of each year. Shareholders of the Bank elect the Bank's Directors on an annual basis. Shareholders get one vote for each $100 on deposit with the Bank, up to 1,000 votes, as well as one vote for each loan they have with the Bank.