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 Flood City Music Festival is an annual music festival held in Johnstown, Pennsylvania, presented by the Johnstown Area Heritage Association. The festival began in 1989 as a street fair to commemorate the 100th Anniversary of the Johnstown Flood. ...

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 U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution i ...

. 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 States Department of the Treasury as part of the Troubled Asset Relief Program. In March 2015, Jeffrey A. Stopko was promoted to chief executive officer of the company.

References

External links

{{Johnstown, Pennsylvania Banks based in Pennsylvania American companies established in 1983 Banks established in 1983 Companies listed on the Nasdaq