JOHNSTOWN, Pa., Feb. 26 /PRNewswire-FirstCall/ --
AmeriServ Financial, Inc. (Nasdaq: ASRV) announced that its Board of Directors
approved a quarterly cash dividend on its Common Stock. The dividend is $0.09
per share and is payable April 2, 2002, to shareholders of record March 5,
2002. On an annualized basis, the Company's current common stock dividend
yield approximates 8.0%.
Orlando Hanselman, Chairman, President and CEO, Jeryl Graham, Executive
Vice President and COO, and Jeffrey Stopko, Senior Vice President and CFO
hosted a conference call that was webcast live over the Internet on
January 23, 2002. The purpose of the call was to review fourth quarter 2001
earnings and discuss the strategic outlook for the Company in 2002. If you
would like to listen to the webcast, simply log on to
http://www.videonewswire.com/AMERISERV/012302.
AmeriServ Financial, Inc., a financial holding company (pursuant to the
Gramm-Leach-Bliley Act), is the parent of AmeriServ Financial and AmeriServ
Trust & Financial Services in Johnstown, Standard Mortgage Corporation in
Atlanta, AmeriServ Associates of State College, and AmeriServ Life Insurance
Company in Arizona. The Company's AmeriServ Mortgage subsidiary also has
retail mortgage operations based in Greensburg, State College, and Altoona.
The AmeriServ Financial, Inc. customer reach is extensive beyond its primary
dominant market of Cambria and Somerset Counties. Standard Mortgage
Corporation has mortgage servicing operations in Atlanta, Georgia. AmeriServ
Associates, the consulting subsidiary, has financial services industry clients
that are located in Pennsylvania, Ohio and Michigan. AmeriServ Trust and
Financial Services, with $1.2 billion of client assets under management, has
union investor clients in Pennsylvania, Ohio, Michigan, West Virginia, and
Indiana.
SOURCE AmeriServ Financial, Inc.
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Related links:
http://ameriservfinancial.com
CONTACT:
Jeffrey A. Stopko, Senior Vice President &
Chief Financial Officer of AmeriServ Financial, +1-814-533-5310
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