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AmeriServ Financial Announces Quarterly Dividend

   AMERISERV FINANCIAL LOGO
AmeriServ Financial logo. (PRNewsFoto)[TK]
JOHNSTOWN, PA USA
    JOHNSTOWN, Pa., Nov. 25 /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 $0.03
per share and is payable January 3, 2003, to shareholders of record
December 4, 2002.  On an annualized basis, the Company's current common stock
dividend yield approximates 4.0%.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/20020717/ASRVLOGO )
    AmeriServ Financial, Inc., is the parent of AmeriServ Financial (the Bank)
and AmeriServ Trust & Financial Services in Johnstown, AmeriServ Associates of
State College, and AmeriServ Life Insurance Company in Arizona.  The AmeriServ
Financial, Inc. customer reach is extensive beyond its primary dominant market
of Cambria and Somerset Counties.  The Bank's mortgage subsidiary also has
retail mortgage operations based in Greensburg, State College, and Altoona.
Standard Mortgage Corporation (also a subsidiary of the Bank) has mortgage
servicing operations based 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 $1.1 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://www.ameriservfinancial.com
    Photo Notes:
    NewsCom: 
    http://www.newscom.com/cgi-bin/prnh/20020717/ASRVLOGO
    AP Archive: http://photoarchive.ap.org
    PRN Photo Desk, +1-888-776-6555 or +1-212-782-2840
    CONTACT:
    Jeffrey A. Stopko, Senior Vice President &
    Chief Financial Officer of AmeriServ Financial, +1-814-533-5310