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. The merger
was effective October 1, 2024, and
the former trust company will now function as a division of the
bank under the name AmeriServ Wealth & Capital
Management.
Jeff Stopko, president and CEO of
AmeriServ Financial, Inc., said, "This merger not only enables the
company to realize greater operational efficiencies, but it also
makes it possible for our trust customers to have greater and more
immediate access to the full complement of services that AmeriServ
Bank offers. We believe this change will only make our
company stronger and we are committed to providing all our
customers with exceptional banking for life experiences."
He added that all staff from the former trust company will be
retained and that former AmeriServ Trust and Financial Services
president, David Finui, has been
named president of the new wealth division. He will oversee all
activities related to the various business lines contained within
the division.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial
Bank, located in Johnstown, PA.
The bank provides full-service banking and wealth management
services through 16 community offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also operates loan
production offices in Altoona and Monroeville, Pennsylvania. At
September 30, 2024, AmeriServ had
total assets of $1.4 billion and a
book value of $6.55 per common
share. AmeriServ Financial, Inc. is publicly traded on the
NASDAQ stock exchange under the symbol ASRV.
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SOURCE AmeriServ Financial, Inc.
