Johnstown-based AmeriServ Financial Bank and AmeriServ Trust and Financial Services Co., both subsidiaries of AmeriServ Financial, completed their merger Oct. 1.
Under the terms of the agreement, AmeriServ Financial merged with and into AmeriServ Trust. The combined companies will operate as AmeriServ Wealth & Capital Management, a division of AmeriServ Financial.
David Finui, former AmeriServ Trust and Financial Services president, will serve as president of the new division. He will be tasked with overseeing all activities related to the various business lines contained within the division. All staff from the former trust company also have been retained.
“This merger not only enables the company to realize greater operational efficiencies, but it also makes it possible for our trust customers to have greater and more immediate access to the full complement of services that AmeriServ Bank offers,” Jeff Stopko, AmeriServ Financial president and CEO, said. “We believe this change will only make our company stronger and we are committed to providing all our customers with exceptional banking for life experiences.”
AmeriServ Financial provides full-service banking and wealth management services through 16 community offices in southwestern Pennsylvania and Hagerstown, Md. It also operates loan production offices in Altoona and Monroeville.