Bailout Bank Bio: AmeriServ Financial

May 11, 2009 | 1 min read | Print Article

AmeriServ Financial, Inc. is a bank holding company that owns all of the outstanding shares of AmeriServ Financial Bank (the Bank). The Company's principal activities consist of owning and operating its three wholly owned subsidiary entities: AmeriServ Trust and Financial Services Company (the Trust Company), AmeriServ Life Insurance Company (AmeriServ Life) and AmeriServ Associates, Inc. (AmeriServ Associates). As of December 31, 2007, the Company had, on a consolidated basis, total deposits of $710 million. As of December 31, 2007, it operated 19 banking locations in 5 southwestern Pennsylvania counties; and 22 automated bank teller machines. The company was founded in 1982 and is headquartered in Johnstown, Pennsylvania.

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Bailout Bank Bio: AmeriServ Financial
Federal Equity Investment	$21 million
Total Revenue	$64.086 million
Net Income	$3.034 million
Number of Employees	352
Corporate Headquarters	Johnstown, Pennsylvania
Business Sector	Bank
Officers and Directors	Virag, Ronald, President and CEO of AmeriServ Trust and Financial Services Company Ford, Craig, Non-Executive Chairman of the Board Other Officers and Directors
Corporate Website	http://www.ameriservfinancial.com/
Executive Compensation	AmeriServ Financial