NASDAQ, ASRV - Ameriserv Financial
AmeriServ Financial, Inc. (the Company) is a bank holding company, organized
under the Pennsylvania Business Corporation Law. The Company became a holding
company upon acquiring all of the outstanding shares of AmeriServ Financial Bank
(the Bank) on January 5, 1983. The Company?s other wholly owned subsidiaries
include AmeriServ Trust and Financial Services Company (the Trust Company)
formed in October 1992, and AmeriServ Life Insurance Company (AmeriServ Life)
formed in October 1987.
The Company?s principal activities consist of owning and operating its three
wholly owned subsidiary entities. At December 31, 2007, the Company had, on a
consolidated basis, total assets, deposits, and shareholders? equity of
$905 million, $710 million and $90 million, respectively. The Company and its
subsidiaries derive substantially all of their income from banking and
bank-related services. ...
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