Trending...
- DimHum Launches Revolutionary CrowdShipping Service
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
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.
More on The PennZone
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.
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.
More on The PennZone
- e4health Earns 2025-2026 Great Place To Work Certification™ for Fourth Consecutive Year
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest
- NR7 Miner launches zero-cost USDT cloud mining service: daily stable income + referral rewards for double profit
- Deaths Spur Closures, but Troubled Teen Camps Must Be Banned, CCHR Warns
- Palmer Lake Wine Festival To Build Bridges in Small Mountain Community, Highlight Local Businesses
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.
Filed Under: Business
0 Comments
Latest on The PennZone
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- Germantown Fashion & Arts Festival 2025 Draws Thousands, Celebrates Creativity in Historic Philly
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Casting Pro Darya Balyura Named Judge for 2025 Meals 4 Monologues Virtual Showcase
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- VIP Vacations Honored as One of the Top 25 Group Accounts for Classic Vacations for 2024
- DICK'S Sporting Goods Announces DICK'S Deal Days, a Four-Day Summer Savings Event
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
- Construcción del Corredor Norte–Sur (NSC) de Singapur
- New Report: Slip and Fall Accidents Rank as the Leading Cause of Construction Site Fatalities
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce