UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 6, 2022
AMERISERV FINANCIAL, Inc.
(exact name of registrant as specified in its charter)
Pennsylvania | 0-11204 | 25-1424278 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
Main and Franklin Streets, Johnstown, PA | 15901 |
(address of principal executive offices) | (Zip Code) |
Registrant's telephone number, including area code: 814-533-5300
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title Of Each Class |
| Trading Symbol |
| Name of Each Exchange On Which Registered |
Common Stock | ASRV | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Form 8-K
Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Directors. |
On May 6, 2022, the Board of Directors of AmeriServ Financial, Inc. (the “Company”) appointed Amy Bradley as a Class III Director of the Company to serve until the 2025 annual meeting of shareholders of the Company. Ms. Bradley will also serve as a director of AmeriServ Financial Bank, a wholly owned banking subsidiary of the Company. Ms. Bradley is president and chief executive officer of the Cambria Regional Chamber of Commerce.
Ms. Bradley will be compensated for services as a director on the same basis as other non-employee directors of the Company and AmeriServ Financial Bank, including retainers and board and committee fees. Ms. Bradley has been appointed to the investment/asset liability committee.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits:
99.1 |
104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERISERV FINANCIAL, INC. | ||
Date: May 10, 2022 | By | /s/Jeffrey A. Stopko |
Jeffrey A. Stopko | ||
President and Chief Executive Officer | ||
Exhibit 99.1
Amy Bradley Joins AmeriServ Financial, Inc. Board of Directors
Johnstown, PA – The Board of Directors of AmeriServ Financial, Inc. (NASDAQ: ASRV) today announced the appointment of Amy Bradley, president and chief executive officer of the Cambria Regional Chamber of Commerce, as an independent director of the company and a new member of the investment/asset liability committee. Ms. Bradley’s appointment maintains the Board’s membership at nine directors.
“We are pleased to welcome Amy as a new independent director to the AmeriServ board. She is an accomplished community leader, has a deep understanding of our community vision and shares our commitment to fostering the economic development and revitalization of the communities we serve.
“Amy’s leadership role at our regional chamber of commerce provides her with a unique perspective – an inside look at the challenges and opportunities our regional businesses are facing, as well as knowing how to secure the resources needed to aid and counsel them,” Allan Dennison, chairman of AmeriServ Financial, Inc., said. “She is a welcome addition to our board, and we are confident in her ability to assist us with further developing strategies and initiatives that will benefit consumers and businesses within our region.”
Prior to joining the Chamber, Ms. Bradley was employed by the Conemaugh Health System as director of communications and public affairs. Her professional background also includes work as a television news anchor at WJAC TV.
Ms. Bradley is currently involved with several community organizations including the Cambria County Drug Coalition, Vision Together 2025 and the Jacob Fend Foundation. She has a bachelor’s degree in Broadcast Journalism from Penn State University and earned a master’s degree in Healthcare Leadership from Saint Vincent College.
She works and resides in Johnstown with her husband, John. They are the parents of three children.
About AmeriServ Financial, Inc.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown, Pennsylvania. The Company’s subsidiaries provide full-service banking and wealth management services through 17 community offices in southwestern Pennsylvania and Hagerstown, Maryland. The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. At March 31, 2022, AmeriServ had total assets of $1.3 billion and a book value of $6.65 per common share. For more information, visit www.ameriserv.com.