JOHNSTOWN, Pa., Sept. 19 /PRNewswire-FirstCall/ -- AmeriServ Financial,
Inc. (Nasdaq: ASRV) today announced the unanimous election of Nedret
Vidinli, managing director for FSI Group, Inc., to its Board of Directors.
With this election, Vidinli becomes one of 17 directors on the board for
the holding company and its wholly owned subsidiary, AmeriServ Bank.
"Ned brings a broad and deep industry experience, expertise in
corporate finance, experience with financial institution regulation and
capital structures and we look forward to working with him on the board,"
said Craig G. Ford, chairman of the board for AmeriServ.
FSI Group, located in Cincinnati, OH, specializes in financing and
investing in community banks and other financial companies with growth
potential. As AmeriServ's largest shareholder, the company purchased a
total of 2.2 million shares of AmeriServ stock during the bank's private
placement of common stock offerings in 2004 and 2005.
AmeriServ recently reported second quarter net income of $1,516,000,
representing an 87.6% increase over the second quarter 2007. For the
six-month period ended June 30, 2008, AmeriServ increased net income by
more than 122% when compared to the first six months of 2007.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank,
AmeriServ Trust & Financial Services Company, West Chester Capital
Advisors, and AmeriServ Life Insurance Company.
SOURCE AmeriServ Financial, Inc.
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Related links:
http://www.ameriservfinancial.com
CONTACT:
Dan L. Hummel of AmeriServ Financial,
+1-814-533-5139
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