JOHNSTOWN, Pa., March 24, 2015 /PRNewswire/ -- (NASDAQ: ASRV) – The Board of Directors of
AmeriServ Financial Inc. today announced that its interim senior
management team has been appointed to permanent leadership
positions.
"AmeriServ is in the enviable position of being able to leverage
the depth and experience of our leadership team to advance our
commitment to our shareholders, customers and employees,"
Craig Ford, AmeriServ chairman,
said. "In January, we appointed an interim management team as
the result of our former president and chief executive officer
resigning. Our interim team has demonstrated that we are well
positioned to continue working toward our goal of increasing
shareholder value. Each of these individuals has a proven
track record within their areas of expertise and is committed to
championing our improved financial performance at AmeriServ."
- Jeffrey A. Stopko is
promoted to president and chief executive officer of AmeriServ
Financial, Inc. He will be responsible for advancing the
organization's performance and that of its subsidiaries. Having
joined the company in 1987, Mr. Stopko was previously executive
vice president and chief financial officer, a position he had held since 1997.
- James T. Huerth has been
promoted to president and chief executive officer of AmeriServ
Bank. Having joined AmeriServ in 2010, he was most recently
chief banking officer; overseeing the bank's retail and commercial
banking divisions.
- Michael R. Baylor has
been promoted to executive vice president and chief commercial
banking officer. Mr. Baylor joined AmeriServ in 2012 as
senior vice president - commercial banking.
- Carolyn Concannon has
been promoted to executive vice president - chief risk
officer. Ms. Concannon joined the company in 1984 and most
recently served as senior vice president – chief credit
officer.
- Michael Lynch has been
promoted to senior vice president, chief financial and investment
officer. Mr. Lynch joined the company in 1983 and was
previously senior vice president, chief investment and risk
officer.
- Gregor T. Young remains
president and chief executive officer of AmeriServ Trust and
Financial Services, a wholly-owned subsidiary of AmeriServ
Financial, Inc.
- Steve Krawick remains
president of West Chester Capital Advisors, a registered investment
advisory subsidiary.
"These changes are strong examples of our ongoing commitment to
positioning the company as a preferred financial services
provider. We believe we have the right combination of
leadership, staff, products and services in place to continue
moving toward new financial horizons while staying true to our
deeply rooted community values. On behalf of the AmeriServ
Board, I want to say that we look forward to working with our new
team and identifying opportunities for additional growth.
With these leadership moves, AmeriServ is well positioned for the
future," Mr. Ford concluded.
AmeriServ Financial Bank is a community bank, headquartered in
Johnstown, PA and is publicly
traded on NASDAQ under the symbol ASRV. The company has total
assets of $1.1 billion and currently
operates 17 community banking offices encompassing five counties in
western Pennsylvania as well as
four Loan Production Offices (LPOs) in selected locations.
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SOURCE AmeriServ Financial, Inc.