0000707605false00007076052023-07-212023-07-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 21, 2023

AMERISERV FINANCIAL, Inc.

(exact name of registrant as specified in its charter)

Pennsylvania

0-11204

25-1424278

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

Main and Franklin Streets, Johnstown, PA

15901

(address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code: 814-533-5300

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title Of Each Class

    

Trading Symbol

    

Name of Each Exchange On Which Registered

Common Stock

ASRV

The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Form 8-K

Item 8.01 Other events.

On July 21, 2023, AmeriServ Financial, Inc. issued a press release announcing 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 $2.75.  The press release, attached hereto as Exhibit 99.1, is incorporated herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1Press release dated July 21, 2023, of AmeriServ Financial, Inc.

104Cover Page Interactive Data File (embedded within the Inline XBRL document).

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERISERV FINANCIAL, Inc.

Date: July 21, 2023

By

/s/Michael D. Lynch

Michael D. Lynch

EVP & CFO

Exhibit 99.1

AMERISERV FINANCIAL, INC. ANNOUNCES QUARTERLY COMMON STOCK CASH DIVIDEND

JOHNSTOWN, PA – 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 $2.75.  

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.

Forward-Looking Statements

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 statement.


v3.23.2
Document and Entity Information
Jul. 21, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jul. 21, 2023
Securities Act File Number 0-11204
Entity Registrant Name AMERISERV FINANCIAL, Inc.
Entity Incorporation, State or Country Code PA
Entity Tax Identification Number 25-1424278
Entity Address, Address Line One Main and Franklin Streets
Entity Address, City or Town Johnstown
Entity Address, State or Province PA
Entity Address, Postal Zip Code 15901
City Area Code 814
Local Phone Number 533-5300
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol ASRV
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0000707605
Amendment Flag false
v3.23.2
N-2
Jul. 21, 2023
Cover [Abstract]  
Entity Central Index Key 0000707605
Amendment Flag false
Securities Act File Number 0-11204
Document Type 8-K
Entity Registrant Name AMERISERV FINANCIAL, Inc.
Entity Address, Address Line One Main and Franklin Streets
Entity Address, City or Town Johnstown
Entity Address, State or Province PA
Entity Address, Postal Zip Code 15901
City Area Code 814
Local Phone Number 533-5300
Entity Emerging Growth Company false

AmeriServ Financial (NASDAQ:ASRV)
Historical Stock Chart
From Jan 2024 to Feb 2024 Click Here for more AmeriServ Financial Charts.
AmeriServ Financial (NASDAQ:ASRV)
Historical Stock Chart
From Feb 2023 to Feb 2024 Click Here for more AmeriServ Financial Charts.