-
AmeriServ Financial in Johnstown, Pa., will take several charges in coming quarters, including one tied to litigation and client loss in its investment advisory business.
September 25 -
AmeriServ Financial in Johnstown, Pa., has begun another stock buyback.
May 17 -
A pair of banking companies said Friday that they have been approved for participating the in the Small Business Lending Fund and plan to use the funds to exit the Troubled Asset Relief Program.
August 12
AmeriServ Financial in Johnstown, Pa., is making leadership changes as its chief executive plans to resign early next year.
Glenn Wilson, who joined AmeriServ five years ago, will also step as president of the $1.1 billion-asset company on Jan. 9. Jeffrey Stopko, who is the company's chief financial officer, will serve as Wilson's interim successor.
Wilson will also resign from AmeriServ's board, along with any committee membership posts and officer titles he holds at any subsidiaries. James Huerth, the company's director of retail and commercial banking, was named interim CEO for AmeriServ Financial Bank.
The resignation did not occur because of a disagreement with company operations or policies, AmeriServ said in a press release Thursday.
"Under Glenn's leadership, we have been able to build our bank into a true community bank that focuses on servicing its customers while offering all of the benefits and services normally associated with large, regional and national competitors," Craig Ford, the company's chairman, said in the release. "The business strategies we have put into place provide a strong foundation from where we will continue to foster steady progress and continued growth."
AmeriServ has 17 branches in western Pennsylvania.
