Ascend Bank Newsroom

As we approach our 150th anniversary this year, we prepare to enter another new chapter in our history—one that honors our legacy, continues our commitment to community and embraces an exciting future. Looking back on 2024, we reflect on a year of progress and innovation. Our commitment to enhancing client experience led to the launch […]

GSB (Guilford Savings Bank) is proud to announce that it will change its name to Ascend Bank, a name that embodies its commitment to helping individuals, families, and businesses achieve financial heights. This rebrand marks the next chapter in GSB’s 150-year legacy of trust, service, and community-focused banking that continues on stronger than ever. “This […]

An emergency fund is not just a common recommendation from financial advisors, but a vital component of financial well-being. In this article, we'll explore the significance of an emergency fund and outline steps to build this essential financial buffer.

As I am preparing to step down as CEO on March 31, I want to take a moment to express my deep gratitude to the entire GSB community. It has been an incredible honor to serve this organization for three decades and I am immensely proud of all we have accomplished together. To the Board […]

Securing financing for non-owner-occupied commercial real estate (CRE) hinges on understanding the fundamental elements that lenders scrutinize. Properties designated for investment or rental purposes pose unique challenges and opportunities, prompting lenders to impose stricter criteria for funding. By understanding these key factors, investors and industry professionals can better prepare to meet loan requirements and secure favorable terms.

 Artificial Intelligence (AI) has rapidly become an integral part of our lives, permeating various industries and transforming the way we interact with technology. The banking sector, too, is experiencing a wave of AI-driven innovation. Let’s explore how AI has been utilized in multiple industries, its current applications in banking, emerging trends, and the concerns […]

Selecting a banking partner isn't just about choosing the best business bank account; it's about finding a relationship that can help steer your manufacturing business toward sustainable growth. Here are some considerations to take into account when searching for the right-fitting banking partner for your business needs.

In the manufacturing industry, having quick access to funds can be the difference between seizing an opportunity or watching it pass by. As manufacturers strive for greater efficiency and market resilience, leveraging a business line of credit becomes a strategic financial tool. This article explores how business lines of credit can empower manufacturing businesses to manage supply chain disruptions, scale production, and maintain operational continuity.