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
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]
$1.167 billion (2017)
$0.095 billion (2017)
