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AmeriServ Financial
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. 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. In October 1987, AmeriServ Life Insurance Company was formed. In October 1992, AmeriServ Trust and Financial Services Company was formed. In May 2001, the company changed its name to AmeriServ Financial, Inc. In March 2007, the company acquired West Chester Capital Advisors. In 2009, the company sold its corporate trust bond administration business to U.S. Bancorp. 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 State ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
