JOHNSTOWN, Pa., July 21,
2023 /PRNewswire/ -- AmeriServ Financial, Inc.
(NASDAQ: ASRV) announced that its Board of Directors declared a
$0.03 per share quarterly common
stock cash dividend. The cash dividend is payable August 21, 2023 to shareholders of record on
August 7, 2023. This cash dividend
represents a 4.36% annualized yield using the July 20, 2023 closing common stock price of
AmeriServ Financial, Inc. is the parent of AmeriServ Financial
Bank and AmeriServ Trust and Financial Services Company in
Johnstown. The Company's
subsidiaries provide full-service banking and wealth management
services through seventeen community offices in southwestern
Pennsylvania and Hagerstown, Maryland. The Company also
operates loan production offices in Altoona and Monroeville, Pennsylvania. At June 30, 2023, AmeriServ had total assets of
$1.346 billion and a book value of
$6.04 per common share.
This news release contains forward-looking statements as defined
in the Securities Exchange Act of 1934 and is subject to the safe
harbors created therein. The forward-looking statements contained
herein include, but are not limited to, information regarding
AmeriServ's dividend program and future payment obligations. These
forward-looking statements involve risks and uncertainties that
could cause AmeriServ's results to differ materially from
management's current expectations. Such risks and uncertainties are
detailed in AmeriServ's filings with the Securities and Exchange
Commission, including our Annual Report on Form 10-K for the year
ended December 31, 2022.
Forward-looking statements are based on the beliefs and assumptions
of AmeriServ's management and on currently available information.
The statements in this press release are made as of the date of
this press release, even if subsequently made available by
AmeriServ on its website or otherwise. AmeriServ undertakes no
responsibility to publicly update or revise any forward-looking
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SOURCE AmeriServ Financial, Inc.