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AmeriServ Financial, Inc. operates as a holding company of AmeriServ Financial Bank, which offers consumer, mortgage, and commercial financial products in Pennsylvania. It also provides retail banking services, such as demand, savings, and time deposits; money market accounts; secured and unsecured loans; mortgage loans; safe deposit boxes; holiday club accounts; collection services; money orders; and traveler's checks. It offers lending, depository, and related financial services to commercial, industrial, financial, and governmental customers. These services include real estate-mortgage loans, short- and medium-term loans, revolving credit arrangements, lines of credit, inventory and accounts receivable financing, real estate-construction loans, business savings accounts, certificates of deposit, wire transfers, night depository, and lock box services. The bank offers residential mortgage loan services, as well as sells annuities, mutual funds, and insurance. The company, through its nonbanking subsidiaries, provides trust and financial services; engages in underwriting as reinsurer of credit life and disability insurance; and administers investment portfolios to small and mid-sized financial institutions. As of June 30, 2004, AmeriServ Financial operated in 23 branch locations. The company is headquartered in Johnstown, Pennsylvania.
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