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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Since 1996, the company has been the main sponsor of the Flood City Music Festival in Johnstown, Pennsylvania.
History [ edit ]
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]
References [ edit ]
^ a b "Institution History for AMERISERV FINANCIAL, INC (1117316)" . Federal Financial Institutions Examination Council .
^ "USBANCORP changes name to AmeriServ Financial" . American City Business Journals . April 24, 2001.
^ "West Chester Capital sold" . American City Business Journals . March 7, 2007.
^ "U.S. Bank to Acquire AmeriServ's Corporate Trust Bond Administration Business" (Press release). Business Wire . April 8, 2009.
^ Davis, Paul (August 12, 2011). "Two More Banks Exit Tarp Using Small Business Lending Fund" . American Banker . (subscription required)
^ "AmeriServ Financial Inc. Appoints Senior Leadership Team" (Press release). PR Newswire . March 24, 2015.
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● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
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