| AmeriServ Financial, Inc. | |
| Type: | Public |
| Traded As: | NASDAQ: Russell Microcap Index component |
| Location: | Johnstown, Pennsylvania |
| Industry: | Banking |
| Assets: | $1.167 billion (2017) |
| Equity: | $0.095 billion (2017) |
| Num Employees: | 305 (2017) |
| Footnotes: | [1] |
AmeriServ Financial, Inc. is a bank holding company based in Johnstown, Pennsylvania. It operates AmeriServ Financial Bank, AmeriServ Trust and Financial Services Company, and AmeriServ Life Insurance Company. The bank operates 16 automated teller machines.[1]
Since 1996, the company has been the main sponsor of the Flood City Music Festival in Johnstown, Pennsylvania.
In January 1983, USBANCORP, INC. was formed as a bank holding company.[1] [2]
In October 1987, AmeriServ Life Insurance Company was formed.[1]
In October 1992, AmeriServ Trust and Financial Services Company was formed.[1]
In May 2001, the company changed its name to AmeriServ Financial, Inc.[2] [3]
In March 2007, the company acquired West Chester Capital Advisors.[4]
In 2009, the company sold its corporate trust bond administration business to U.S. Bancorp.[5]
In August 2011, the company received $21 million from the Small Business Lending Fund, which it used to repay the $21 million investment it received from the United States Department of the Treasury as part of the Troubled Asset Relief Program.[6]
In March 2015, Jeffrey A. Stopko was promoted to chief executive officer of the company.[7]