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1 History  





2 References  





3 External links  














AmeriServ Financial







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From Wikipedia, the free encyclopedia
 


AmeriServ Financial, Inc.
Company typePublic

Traded as

NasdaqASRV
Russell Microcap Index component
IndustryBanking
Founded1983; 41 years ago (1983)
HeadquartersJohnstown, Pennsylvania

Key people

  • Jeffrey A. Stopko (CEO & President)
  • Michael D. Lynch (CFO)
  • Total assetsIncrease $1.167 billion (2017)
    Total equityDecrease $0.095 billion (2017)

    Number of employees

    305 (2017)
    Websitewww.ameriserv.com
    Footnotes / references
    [1]
    AmeriServ branch footprint in southwest Pennsylvania.
    2008 photo of Ameriserv Financial headquarters building in Johnstown, Pennsylvania, on the corner of Main and Franklin Streets.

    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.

    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]

    1. ^ a b c d e "AmeriServ Financial, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  • ^ 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.
  • External links[edit]


    Retrieved from "https://en.wikipedia.org/w/index.php?title=AmeriServ_Financial&oldid=1206917709"

    Categories: 
    Banks based in Pennsylvania
    American companies established in 1983
    Banks established in 1983
    Companies listed on the Nasdaq
    Hidden category: 
    Pages containing links to subscription-only content
     



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