AmeriServ Financial

AmeriServ Financial, Inc. is a holding company, which engages in the provision of consumer, mortgage and commercial financial products and services through its subsidiary. It operates through the following segments: Community Banking, Wealth Management, and Investment or Parent. The Community Banking segment includes both retail and commercial banking activities. The Wealth Management segment is involved in the operations of a Trust Company, West Chester Capital Advisors, an investment advisory firm, and Financial Services. The Investment or Parent segment offers investment securities, borrowing activities, and general corporate expenses. The company was founded in January 1983 and is headquartered in Johnstown, PA.

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JOHNSTOWN, Pa. , Nov. 8, 2024 /PRNewswire/ -- (NASDAQ: ASRV) – West Chester Capital Advisors, Inc., the registered investment advisor of AmeriServ Financial Bank, announced today that it has changed its name to AmeriServ Wealth Advisors, Inc. The name change and rebranding, which includes a new visual identity, web presence and enhanced positioning, is intended to better reflect the company's business and its strong partnership with AmeriServ Bank.

West Chester Capital Advisors, Inc. Announces Rebrand, Name Change to AmeriServ Wealth Advisors, Inc.

JOHNSTOWN, Pa. , Nov. 5, 2024 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Financial, Inc. today announced the completion of the merger of its subsidiary, AmeriServ Trust and Financial Services Company, with and into its subsidiary bank, AmeriServ Financial Bank.

AmeriServ Financial Inc. Completes Merger of Subsidiary Trust Company

JOHNSTOWN, Pa. , Oct. 22, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2024 net income of $1,183,000, or $0.07 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2024 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

JOHNSTOWN, Pa. , July 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend.

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

JOHNSTOWN, Pa. , July 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2024 net loss of $375,000, or $0.02 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2024

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (NASDAQ: ASRV) (“AmeriServ” or the “Company”) today announced that it has reached a cooperation and settlement agreement (the “Cooperation Agreement”) with Driver Opportunity Partners I LP (collectively with its affiliates, “Driver”). Pursuant to the Cooperation Agreement, Driver has agreed to withdraw its notice of nomination of director candidates for election to the Company's Board of Directors (the “Board”), along with other shareho.

AmeriServ Financial Announces Cooperation and Settlement Agreement with Driver Management

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (NASDAQ: ASRV) (“AmeriServ” or the “Company”) today announced that it has reached a cooperation agreement (“Cooperation Agreement”) with SB Value Partners, L.P. (“SBV”), which owns approximately 7.7% of the Company's outstanding common stock, par value $0.01 per share (the “Common Stock”). Under the Cooperation Agreement the Company, including members of AmeriServ's senior management and other designated members of the Company's Board o.

AmeriServ Financial Reaches Cooperation Agreement with Significant Shareholder SB Value Partners, L.P.

Net Income Up 25.7% Compared to First Quarter of 2023 JOHNSTOWN, Pa. , April 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) today reported first quarter 2024 net income of $1,904,000, or $0.11 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024

JOHNSTOWN, Pa. , Jan. 23, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a fourth quarter 2023 net loss of $5,321,000, or $0.31 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2023 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

JOHNSTOWN, Pa. , Oct. 17, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2023 net income of $647,000, or $0.04 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2023

JOHNSTOWN, Pa. , Sept. 18, 2023 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Trust and Financial Services Company today announced the promotions of two key staff members.

AmeriServ Trust & Financial Services Company Announces Staff Promotions

JOHNSTOWN, Pa. , Sept. 6, 2023 /PRNewswire/ -- (NASDAQ: ASRV) – Today, AmeriServ Financial, Inc. announced that its primary website – ameriserv.com – was recognized by the Web Marketing Association as the winner of the Bank Standard of Excellence WebAward for 2023.

AMERISERV WEBSITE WINS EXCELLENCE AWARD

JOHNSTOWN, Pa. , July 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2023 net loss of $187,000, or $0.01 per diluted common share.

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2023

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (NASDAQ: ASRV) ("AmeriServ" or the "Company") today announced that J. Michael Adams, Jr. has been elected non-executive Chairman of the Company's Board of Directors (the “Board”). In addition, AmeriServ announced that Kim W. Kunkle has been elected non-executive Vice Chairman of the Board. Mr. Adams, who previously held the role of Vice Chairman, succeeds Allan R. Dennison following his recent retirement from the Board. Mr. Adams commen.

AmeriServ Financial Announces the Election of J. Michael Adams, Jr. as Independent Chairman of the Board of Directors

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (NASDAQ: ASRV) (“AmeriServ” or the "Company") today announced that shareholders voted to elect the Company's three director candidates – Richard “Rick” W. Bloomingdale, David J. Hickton and Daniel A. Onorato – at the 2023 Annual Meeting of Shareholders (the “Annual Meeting”). AmeriServ also issued the following statement: “In recent months, we have had the opportunity to engage with a number of shareholders and stakeholders to inform Am.

AmeriServ Financial Shareholders Elect the Company's Three Director Candidates at the 2023 Annual Meeting

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that the United States District Court for the Western District of Pennsylvania (the “Court”) has denied Driver Opportunity Partners I LP's (“Driver”) motion for a preliminary injunction to delay the Company's 2023 Annual Meeting of Shareholders (the “Annual Meeting”). The Annual Meeting will take place as scheduled on May 26, 2023. In March 2023, AmeriServ announced that its.

AmeriServ Financial Announces Court Denial of Driver's Request for Injunctive Relief

JOHNSTOWN, Pa. , April 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2023 net income of $1,515,000, or $0.09 per diluted common share.

AMERISERV FINANCIAL REPORTS FIRST QUARTER 2023 EARNINGS

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that it has filed a lawsuit in the Court of Common Pleas of Cambria County, Pennsylvania, against Driver Opportunity Partners I LP (“Driver”), its founder and managing member, J. Abbott R. Cooper, and Driver's purported director nominees Julius “Izzy” Rudolph and Brandon L. Simmons.

AmeriServ Financial Files Lawsuit Against Driver Management to Protect the Company and All Stakeholders

JOHNSTOWN, Pa.--(BUSINESS WIRE)--AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that its Board of Directors (the “Board”) has determined that the notice of intent to nominate directors (the “Notice”) submitted on January 17, 2023 by Driver Management Company LLC, Driver Opportunity Partners I LP and J. Abbott Cooper (collectively, “Driver”) for the Company's 2023 Annual Meeting of Shareholders (the “Annual Meeting”) is invalid.

AmeriServ Financial Discloses That Driver's Notice of Director Candidate Nominations is Invalid

Intends to Nominate New Candidates Richard Bloomingdale and David Hickton, Along With Current Director Daniel Onorato, for Election to the Board Notes That New Candidates Bring Additive Experience and Relevant Qualifications That Support Priority Areas, Including Cybersecurity, Human Capital Management and Business Development Reaffirms Commitment to Ongoing Refreshment and Thanks Retiring Board Members Allan Dennison and Sara Sargent for Their Years of Strong Contributions  JOHNSTOWN, Pa. , March 13, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. ("AmeriServ" or the "Company") (NASDAQ: ASRV) today announced its slate of nominees for election to the Board of Directors (the "Board") at the 2023 Annual Meeting of Shareholders (the "Annual Meeting").

AmeriServ Financial Announces Refreshed Slate of Highly Qualified, Independent Director Candidates for 2023 Annual Meeting

JOHNSTOWN, Pa. , Feb. 23, 2023 /PRNewswire/ -- (NASDAQ: ASRV) -- AmeriServ Financial Bank announced today that it has been selected as the winning bank by the Pennsylvania Interest on Lawyer Trust Accounts (IOLTA) Board through a statewide Request for Proposal (RFP) process that was initiated in 2022.

AMERISERV FINANCIAL BANK WINS IOLTA RFP

JOHNSTOWN, Pa. , Jan. 24, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2022 net income of $947,000, or $0.06 per diluted common share.

AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FULL YEAR OF 2022 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

JOHNSTOWN, Pa., Nov. 2, 2022 /PRNewswire/ -- (NASDAQ: ASRV) – It costs nothing to be kind.

AMERISERV BANK LAUNCHES SOCIAL MEDIA CAMPAIGN, SERVING UP 30 DAYS OF KINDNESS

JOHNSTOWN, Pa. , Oct. 18, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2022 net income of $2,102,000, or $0.12 per diluted common share.

AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2022

JOHNSTOWN, Pa. , July 19, 2022 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported second quarter 2022 net income of $1,981,000, or $0.12 per diluted common share.

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