Longtime local banking chief Bill Ashley dies at 87

JEFFERSON-The man who helped lead the organization that became LifeStore, William Oren “Bill” Ashley Jr., died this week at 87.

Born in 1926, Ashley died Sunday, June 5, 2016, at Margate Health and Rehab Center in Jefferson.

A U.S. Army veteran who earned a Purple Heart in Korea, Ashley took over the reigns at what was then known as Ashe Savings and Loan in 1964, following the death of Glenn Graybeal. He served first as managing officer and later became director of Ashe Savings and Loan.

Under his leadership, the company earned a federal charter in 1982 – it then became Ashe Federal Savings and Loan – and later became simply Ashe Federal Bank. Ashley retired in 1994 after some 30 years with the organization, which he helped position for the rapid growth in the years after his departure. The company soon added additional branch locations, a bevy of additional services and changed its name to LifeStore in 2009.

He was born in Warrensville to William Oren and Bertha Taylor Ashley. He was preceded in death by his parents, two sisters – Gay Reed and WillJean Wilson – three brothers – Paul Ashley, Charles Ashley and David Ashley. He was also an active member of Jefferson United Methodist Church, singing in the choir and serving as a Stephens Minister.

He was also a past board member of the Ashe Memorial Hospital Foundation and was a member of the Jeffersons Rotary Club for over five decades.

“Bill was known for his giving and kind personality and will be missed,” according to an obituary posted by Badger Funeral Home.

Funeral Services will be held on Thursday, June 9, at 2:30 p.m. at Jefferson United Methodist Church. Interment will be in Ashelawn Memorial Gardens Columbarium. The family will receive friends following the service at the church.

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