Overview / Commentary
205 South Jefferson Avenue
West Jefferson, NC 28694

Lifestore Bank is headquartered in West Jefferson and is the 26th largest bank in the state of North Carolina. It is also the 2,287th largest bank in the nation. It was established in 1939 and as of September of 2018, it had grown to 74 employees at 5 locations. Lifestore Bank has an A health rating.

Reviews (1)


Posted by: TLS | Jun 25, 2012

I am now on my 12th day of waiting for a replacement debit card.  Card needed to replaced because of fraudulent transaction.  A new card was ordered early on afternoon of June 13 and clerk said I would receive replacement by June 22.  When card was not received by June 25, I phoned bank to find out why.  Turns out that regardless of when you order the card, they only mail them out to the customers on Wednesdays of each week.  Can you believe it...they only mail cards once per week....and you get to pay $15 for the privilege of waiting.  I cannot decide if they do not realize how important these cards are to the customers, or if they don't CARE! 

I am disabled, and my debit card is my lifeline.....for online purchasing, bill paying, etc.  When I phoned about the delay, the "customer service" individual definitely did not care about my situation.  All they did was repeat their policy of sending cards once per week and gave a guess when I "should" receive new card.

I am a long-time customer and I have tried to stay loyal to this local bank through its growing pains and name change, etc.  but Lifestore desperately needs to drag its services to the present and take a look to the future if it has any hope of competing with the cutting-edge services already offered by many other financial institutions.  Based on my conversation with the associate today, I know that Lifestore won't care that I will be arranging for my direct deposit to be moved to a new bank and that they have probably lost another customer.

Please note that this is not the first disappointment I have experienced with Lifestore. Also, I checked the policies of other institutions, including the Online Banking Institution where I opened an account on a whim for the free monetary deposit they were offering for new accounts.  This other instituion does NOT charge for replacement cards, and states replacement will be received in 5 to 7 days AND it offers an expedited option at a reasonable cost.  I have only used this other account on a limited basis up until now; however its services are exceptional in comparison to those offered by Lifestore.

Also, the Online Banking Institution's score on this very site is "5" stars compared to only "3" stars for Lifestore.  Now the reason for the difference in scores in appararent.




Health Grade Components

FDIC Certificate #31217
Year Established1939
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.92%
Return on Equity - YTD8.99%
Annual Interest Income$8.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$282.5MM$278.0MM
LoansQ3 2018vs Q3 2017$185.6MM$181.3MM
DepositsQ3 2018vs Q3 2017$216.2MM$208.2MM
Equity CapitalQ3 2018vs Q3 2017$29.5MM$27.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.5MM$2.5MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.7MM$2.8MM
Real Estate OwnedQ3 2018vs Q3 2017$2.2MM$2.8MM
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Lifestore Bank CD Rates

2.85%$5k-29 Month CD Special
2.85%$5k-25 Month CD Special
2.85%$5k-26 Month CD Special
2.85%$5k-27 Month CD Special
2.85%$5k-28 Month CD Special
2.55%$5k-17 Month CD Special
2.55%$5k-14 Month CD Special
2.55%$5k-15 Month CD Special
2.55%$5k-16 Month CD Special

Lifestore Bank Locations
1441 Mount Jefferson Road Branch1441 Mount Jefferson RoadWest Jefferson, NC 28694
Boone Branch1675 Blowing Rock RoadBoone, NC 28607
Lifestore Bank205 South Jefferson AvenueWest Jefferson, NC 28694
Jefferson Branch840 East Main StreetJefferson, NC 28640

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