JOHNSTOWN, Pa., Dec. 2 /PRNewswire-FirstCall/ -- The Board of Directors of
AmeriServ Financial, Inc. has announced the appointment of Craig G. Ford as
Interim Chairman, President and Chief Executive Officer effective immediately.
The previous Chairman, President and Chief Executive Officer of AmeriServ
Financial, Orlando B. Hanselman, is moving on to pursue other personal and
professional interests.
(Photo: http://www.newscom.com/cgi-bin/prnh/20020717/ASRVLOGO )
Ford has had a long career in Pennsylvania banking. He is a veteran of 31
years with Mellon Bank in Pittsburgh, including the management of Mellon
Bank's Community Banking area for 10 years. Additionally, Mr. Ford was a
member of the executive management team at Meridian Bancorp in Reading, PA.
In recent years, Ford has maintained an executive level consulting practice
for small and middle sized community banks in Pennsylvania, New Jersey and
Ohio.
Ford is a past president of the Pennsylvania Bankers Association and has
been active in industry affairs at both the state and federal level. In
addition to his duties as Interim Chairman, President and Chief Executive
Officer, Ford will lead the search for a qualified and experienced banker to
serve as the permanent leader of AmeriServ Financial.
"AmeriServ Financial is fortunate to have a strong, well capitalized
franchise and a staff of dedicated professional bankers. The company has
developed a comprehensive plan to improve performance and will depend on the
efforts of every staff member to meet the goals of the plan. With an improved
focus, the turnaround will be speedy. AmeriServ Financial has strong roots in
the community and will continue to strive to provide the best in community
banking to all customers," said Ford.
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.
AmeriServ Financial, Inc. trades on the NASDAQ Stock Exchange under the symbol
ASRV (Nasdaq: ASRV).
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 and
Chief Financial Officer, of AmeriServ Financial, Inc.,
+1-814-533-5310
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