In Brief: AmeriServ of Pa. Acquiring Advisory Firm

Published January 24, 2007, 2:00 a.m. EST

Updated January 23, 2007, 6:02 p.m. EST

1 Min Read

AmeriServ Financial Inc. of Johnstown, Pa., agreed to acquire the investment advisory firm West Chester Capital Advisors.

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Allan Dennison, AmeriServ's president and chief executive officer, said in a press release that the deal would help his company enter more markets in Pennsylvania and expand its array of fee-based products.

West Chester Capital has $215 million of assets under management.

The all-cash deal, announced Monday, is expected to close this quarter. The price was not disclosed.

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