Group 1 - The merger of AmeriServ Trust and Financial Services Company into AmeriServ Financial Bank was completed on October 1, 2024, and the trust company will now operate as AmeriServ Wealth & Capital Management [1] - The merger aims to enhance operational efficiencies and provide trust customers with better access to the full range of services offered by AmeriServ Bank [2] - All staff from the former trust company will be retained, and David Finui has been appointed as president of the new wealth division [2] Group 2 - AmeriServ Financial, Inc. is the parent company of AmeriServ Financial Bank, which operates 16 community offices in southwestern Pennsylvania and Hagerstown, Maryland [3] - As of September 30, 2024, AmeriServ had total assets of 6.55 per common share [3] - AmeriServ Financial, Inc. is publicly traded on the NASDAQ under the symbol ASRV [3]
AmeriServ Financial Inc. Completes Merger of Subsidiary Trust Company