News & Videos - AMERISERV FINANCIAL INC.

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., April 19, 2024 JOHNSTOWN, Pa. , April 19, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable May 20, 2024 to shareholders of record on May 6, 2024 . This cash dividend represents a 4.67% annualized yield using the April 17, 2024 closing common stock price...

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FIRST QUARTER OF 2024 PR Newswire JOHNSTOWN, Pa., April 16, 2024 Net Income Up 25.7% Compared to First Quarter of 2023 JOHNSTOWN, Pa. , April 16, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) today reported first quarter 2024 net income of $1,904,000 , or $0.11 per diluted common share. This earnings performance represented a $389,000 , or 25.7%, increase over the first quarter of 2023 when net income totaled $1,515,000 , or $0.09 per...

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE FULL YEAR OF 2023 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., Jan. 23, 2024 JOHNSTOWN, Pa. , Jan. 23, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a fourth quarter 2023 net loss of $5,321,000 , or $0 .31 per diluted common share. This compares to net income for the fourth quarter of 2022 of $947,000 , or $0 .06 per diluted common share. For the year ended December 31, 2023 , the Company...

West Chester Capital Advisors Expands Capabilities with New Staff Appointments PR Newswire JOHNSTOWN, Pa., Oct. 23, 2023 JOHNSTOWN, Pa. , Oct. 23, 2023 /PRNewswire/ -- West Chester Capital Advisors, Inc. (WCCA), a wholly owned subsidiary of AmeriServ Financial Bank and an SEC registered investment advisory firm, today announced several staff promotions. Frank J. Lapinsky , AIF, has been appointed President and Chief Executive Officer. Mr. Lapinsky brings more than 35 years of investment...

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., Oct. 20, 2023 JOHNSTOWN, Pa. , Oct. 20, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable November 20, 2023 to shareholders of record on November 6, 2023 . This cash dividend represents a 4.71% annualized yield using the October 18, 2023 closing common...

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE THIRD QUARTER AND FIRST NINE MONTHS OF 2023 PR Newswire JOHNSTOWN, Pa., Oct. 17, 2023 JOHNSTOWN, Pa. , Oct. 17, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2023 net income of $647,000 , or $0.04 per diluted common share. This earnings performance was a $1,455,000 , or 69.2%, decrease from the third quarter of 2022 when net income totaled $2,102,000 , or $0.12 per diluted common share. For the nine-month period...

AmeriServ Trust & Financial Services Company Announces Staff Promotions PR Newswire JOHNSTOWN, Pa., Sept. 18, 2023 JOHNSTOWN, Pa. , Sept. 18, 2023 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Trust and Financial Services Company today announced the promotions of two key staff members. David Finui has been promoted to president and CEO. In his new position, he is responsible for directing all aspects of the company's trust and wealth management business. Mr. Finui, whose banking and financial...

AMERISERV WEBSITE WINS EXCELLENCE AWARD PR Newswire JOHNSTOWN, Pa., Sept. 6, 2023 JOHNSTOWN, Pa. , Sept. 6, 2023 /PRNewswire/ -- (NASDAQ: ASRV) – Today, AmeriServ Financial, Inc. announced that its primary website – ameriserv.com – was recognized by the Web Marketing Association as the winner of the Bank Standard of Excellence WebAward for 2023. Since 1997, the Web Marketing Association's annual WebAward Competition has been setting the standard of excellence for website development. It is...

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., July 21, 2023 JOHNSTOWN, Pa. , July 21, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable August 21, 2023 to shareholders of record on August 7, 2023 . This cash dividend represents a 4.36% annualized yield using the July 20, 2023 closing common stock...

AMERISERV FINANCIAL REPORTS EARNINGS FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF 2023 PR Newswire JOHNSTOWN, Pa., July 18, 2023 JOHNSTOWN, Pa. , July 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2023 net loss of $187,000 , or $0.01 per diluted common share. This earnings performance was a $2,168,000 , or 109.4%, decrease from the second quarter of 2022 when net income totaled $1,981,000 , or $0.12 per diluted common share. For the six-month...

AmeriServ Financial, Inc. (NASDAQ: ASRV) ("AmeriServ" or the "Company") today announced that J. Michael Adams, Jr. has been elected non-executive Chairman of the Company’s Board of Directors (the “Board”). In addition, AmeriServ announced that Kim W. Kunkle has been elected non-executive Vice Chairman of the Board. Mr. Adams, who previously held the role of Vice Chairman, succeeds Allan R. Dennison following his recent retirement from the Board. Mr. Adams commented: “I want to thank the...

AmeriServ Financial, Inc. (NASDAQ: ASRV) (“AmeriServ” or the "Company") today announced that shareholders voted to elect the Company’s three director candidates – Richard “Rick” W. Bloomingdale, David J. Hickton and Daniel A. Onorato – at the 2023 Annual Meeting of Shareholders (the “Annual Meeting”). AmeriServ also issued the following statement: “In recent months, we have had the opportunity to engage with a number of shareholders and stakeholders to inform AmeriServ’s...

AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that the United States District Court for the Western District of Pennsylvania (the “Court”) has denied Driver Opportunity Partners I LP’s (“Driver”) motion for a preliminary injunction to delay the Company’s 2023 Annual Meeting of Shareholders (the “Annual Meeting”). The Annual Meeting will take place as scheduled on May 26, 2023. In March 2023, AmeriServ announced that its Board of...

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., April 21, 2023 JOHNSTOWN, Pa. , April 21, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.03 per share quarterly common stock cash dividend. The cash dividend is payable May 22, 2023 to shareholders of record on May 8, 2023 . This cash dividend represents a 3.83% annualized yield using the April 20, 2023 closing common stock price...

AMERISERV FINANCIAL REPORTS FIRST QUARTER 2023 EARNINGS PR Newswire JOHNSTOWN, Pa., April 18, 2023 JOHNSTOWN, Pa. , April 18, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported first quarter 2023 net income of $1,515,000 , or $0 .09 per diluted common share. This earnings performance represented a $903,000 , or 37.3%, decrease from the first quarter of 2022 when net income totaled $2,418,000, or $0 .14 per diluted common share. The following table highlights the Company's...

AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that it has filed a lawsuit in the Court of Common Pleas of Cambria County, Pennsylvania, against Driver Opportunity Partners I LP (“Driver”), its founder and managing member, J. Abbott R. Cooper, and Driver’s purported director nominees Julius “Izzy” Rudolph and Brandon L. Simmons. The lawsuit seeks declaratory judgement that Driver’s purported notice of intent to nominate director candidates...

AmeriServ Financial, Inc. (“AmeriServ” or the "Company") (NASDAQ: ASRV) today announced that its Board of Directors (the “Board”) has determined that the notice of intent to nominate directors (the “Notice”) submitted on January 17, 2023 by Driver Management Company LLC, Driver Opportunity Partners I LP and J. Abbott Cooper (collectively, “Driver”) for the Company’s 2023 Annual Meeting of Shareholders (the “Annual Meeting”) is invalid. The Notice submitted by Driver...

AmeriServ Financial Announces Refreshed Slate of Highly Qualified, Independent Director Candidates for 2023 Annual Meeting PR Newswire JOHNSTOWN, Pa., March 13, 2023 Intends to Nominate New Candidates Richard Bloomingdale and David Hickton , Along With Current Director Daniel Onorato , for Election to the Board Notes That New Candidates Bring Additive Experience and Relevant Qualifications That Support Priority Areas, Including Cybersecurity, Human Capital Management and Business Development...

AMERISERV FINANCIAL BANK WINS IOLTA RFP PR Newswire JOHNSTOWN, Pa., Feb. 23, 2023 JOHNSTOWN, Pa. , Feb. 23, 2023 /PRNewswire/ -- (NASDAQ: ASRV) -- AmeriServ Financial Bank announced today that it has been selected as the winning bank by the Pennsylvania Interest on Lawyer Trust Accounts (IOLTA) Board through a statewide Request for Proposal (RFP) process that was initiated in 2022. As part of this new partnership, AmeriServ will service business deposit accounts for the organization including...

AMERISERV FINANCIAL REPORTS INCREASED EARNINGS FOR THE FULL YEAR OF 2022 AND ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND PR Newswire JOHNSTOWN, Pa., Jan. 24, 2023 JOHNSTOWN, Pa. , Jan. 24, 2023 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2022 net income of $947,000 , or $0 .06 per diluted common share. This earnings performance was a $905,000 , or 48.9%, decrease from the fourth quarter of 2021 when net income totaled $1,852,000, or $0 .11 per diluted...