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AmeriServ Financial Inc. Completes Merger of Subsidiary Trust Company
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JOHNSTOWN, Pa., Nov. 5, 2024 ~ AmeriServ Financial, Inc. has announced the successful completion of a merger between its subsidiary, AmeriServ Trust and Financial Services Company, and its subsidiary bank, AmeriServ Financial Bank. The merger officially took effect on October 1, 2024, with the former trust company now operating as a division of the bank under the name AmeriServ Wealth & Capital Management.

According to Jeff Stopko, president and CEO of AmeriServ Financial, Inc., this merger will not only lead to greater operational efficiencies for the company but also provide customers with improved access to a wider range of services offered by AmeriServ Bank. Stopko stated that this change will strengthen the company and reaffirm their commitment to providing exceptional banking experiences for all customers.

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All staff members from the former trust company will be retained, and David Finui, former president of AmeriServ Trust and Financial Services, has been appointed as president of the new wealth division. In his new role, Finui will oversee all activities related to the various business lines within the division.

AmeriServ Financial, Inc. is the parent company of AmeriServ Financial Bank located in Johnstown, PA. The bank offers full-service banking and wealth management services through 16 community offices in southwestern Pennsylvania and Hagerstown, Maryland. Additionally, it operates loan production offices in Altoona and Monroeville, Pennsylvania. As of September 30, 2024, AmeriServ had total assets worth $1.4 billion and a book value of $6.55 per common share. The company is publicly traded on NASDAQ under the symbol ASRV.
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