AF Financial Group Inc. (ASFE/ASFE.PK) Wrap Up:

AF Financial Group, Inc. operates as the holding company for AF Bank that offers various banking services in North Carolina. The company offers savings accounts, checking accounts, money market deposit accounts, individual retirement accounts, and certificates of deposits. Its loan portfolio comprise mortgage loans, including one-to four-family, multifamily, nonresidential, construction, and land loans; commercial business loans; and consumer loans, including automobile and home improvement loans. The company also provides investment products, including fixed-rate and variable annuities, and mutual funds. As of June 30, 2007, it operated one main office in West Jefferson and seven branches in Boone, Jefferson, Sparta, Warrensville, and West Jefferson, North Carolina. AF Financial Group, through its other subsidiary, AF Insurance Services, Inc., provides property, casualty, life, and health insurance products in Boone, Elkin, Jefferson, Lenoir, Sparta, West Jefferson, and North Wilkesboro, North Carolina. The company was founded in 1939 and is headquartered in West Jefferson, North Carolina.