AmeriServ Financial, Inc., headquartered in Johnstown, PA, has successfully completed the merger of its subsidiary, AmeriServ Trust and Financial Services Company, into AmeriServ Financial Bank. Effective from October 1, 2024, this merger solidifies the trust company's new role as AmeriServ Wealth & Capital Management, a division within the bank. This strategic consolidation is designed to enhance operational efficiencies while expanding the breadth of services available to the bank's trust clients.

By integrating these services, AmeriServ Financial aims to provide seamless access to a comprehensive portfolio of banking and wealth management offerings. Jeff Stopko, the President and CEO, emphasized the company’s commitment to delivering superior 'banking for life' experiences to all its clients. He highlighted that the merger would benefit customers by offering them streamlined and broader service access. Importantly, the entire workforce from AmeriServ Trust and Financial Services will be retained, ensuring continuity and expertise within the new division.

David Finui, who previously served as the president of AmeriServ Trust and Financial Services, takes on the role of president at AmeriServ Wealth & Capital Management, overseeing its diverse business activities. AmeriServ Financial, Inc. serves as the parent company of AmeriServ Financial Bank, which operates 16 community offices across southwestern Pennsylvania and Hagerstown, Maryland. The bank also manages loan production offices in Altoona and Monroeville, Pennsylvania. As of September 30, 2024, the company reported total assets of $1.4 billion with a book value of $6.55 per common share. Publicly traded on the NASDAQ under the symbol ASRV, AmeriServ Financial continues to underscore its focus on robust growth and customer satisfaction.