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.[1] Since 1996, the company has been the main sponsor of the Flood City Music Festival in Johnstown, Pennsylvania. HistoryIn January 1983, USBANCORP, INC. was formed as a bank holding company.[1][2] In October 1987, AmeriServ Life Insurance Company was formed.[1] In October 1992, AmeriServ Trust and Financial Services Company was formed.[1] In May 2001, the company changed its name to AmeriServ Financial, Inc.[2][3] In March 2007, the company acquired West Chester Capital Advisors.[4] In 2009, the company sold its corporate trust bond administration business to U.S. Bancorp.[5] 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.[6] In March 2015, Jeffrey A. Stopko was promoted to chief executive officer of the company.[7] References
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