JOHNSTOWN, Pa., Nov. 8, 2024 /PRNewswire/ -- (NASDAQ: ASRV) – West Chester Capital Advisors, Inc., the registered investment advisor of AmeriServ Financial Bank, announced today that it has changed its name to AmeriServ Wealth Advisors, Inc. The name change and rebranding, which includes a new visual identity, web presence and enhanced positioning, is intended to better reflect the company's business and its strong partnership with AmeriServ Bank.

"We are excited to now be more closely aligned with our parent company. This name change enables us to capitalize on the brand equity associated with the AmeriServ name while continuing to provide investment advisory services to our clients," Frank Lapinsky, president, and CEO of AmeriServ Wealth Advisors, said.

JOHNSTOWN, Pa., Nov. 5, 2024 /PRNewswire/ -- (NASDAQ: ASRV) – AmeriServ Financial, Inc. today announced the completion of the merger of its subsidiary, AmeriServ Trust and Financial Services Company, with and into its subsidiary bank, AmeriServ Financial Bank. The merger was effective October 1, 2024, and the former trust company will now function as a division of the bank under the name AmeriServ Wealth & Capital Management. 

Jeff Stopko, president and CEO of AmeriServ Financial, Inc., said, "This merger not only enables the company to realize greater operational efficiencies, but it also makes it possible for our trust customers to have greater and more immediate access to the full complement of services that AmeriServ Bank offers.  We believe this change will only make our company stronger and we are committed to providing all our customers with exceptional banking for life experiences."

JOHNSTOWN, Pa., Oct. 22, 2024 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported third quarter 2024 net income of $1,183,000, or $0.07 per diluted common share. This earnings performance represented a $536,000, or 82.8%, increase from the third quarter of 2023 when net income totaled $647,000, or $0.04 per diluted common share. For the nine-month period ended September 30, 2024, the Company reported net income of $2,712,000, or $0.16 per diluted common share. This represented a 33.3% increase in earnings per share from the nine-month period of 2023 when net income totaled $1,975,000, or $0.12 per diluted common share. The following table details the Company's financial performance for the three- and nine-month periods ended September 30, 2024 and 2023: