JOHNSTOWN, Pa., Oct. 18 /PRNewswire-FirstCall/ -- AmeriServ Financial,
Inc., (Nasdaq: ASRV) announced that AmeriServ Financial Bank and United
Steelworkers of America (USWA) Locals 2635-06 and 2635-07 have agreed to a new
labor contract. AmeriServ's union employees voted to accept the new contract
at a meeting held yesterday. The USWA locals represent more than 60 percent of
AmeriServ workers. The new contract is effective through October 15, 2007.
Allan Dennison, AmeriServ President and CEO, views the ratified contract
as an important element in the growth of the region's largest community bank.
"This agreement allows AmeriServ to focus on serving our customers and to
continue the turnaround we started last year. I would like to thank our union
representatives and workforce, in addition to the bank's management team, for
participating in productive negotiations with a positive outcome for AmeriServ
and our community," said Dennison.
AmeriServ Financial - which was first unionized in 1973 - is one of only
13 union-represented banks nationwide.
AmeriServ Financial, Inc., is the parent of AmeriServ Financial Bank and
AmeriServ Trust & Financial Services Company in Johnstown, AmeriServ
Associates of State College, and AmeriServ Life Insurance Company.
SOURCE AmeriServ Financial, Inc.
 back to top
Related links:
http://www.ameriservfinancial.com
CONTACT:
Jeffrey Powers of AmeriServ Financial,
+1-814-533-5139
|
