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Home > Company Index > Banking > Banking - Northeast > AmeriServ Financial, Inc.

AmeriServ Financial, Inc.
Nasdaq: ASRV
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 PROFILE
AmeriServ Financial, Inc. (previously USBANCORP) owns AmeriServ Financial, which serves about half a dozen southwestern Pennsylvania counties through some 25 bank branches. Targeting individuals and local businesses, the former U.S. Bank offers such retail services as checking, money market, and savings accounts. Residential mortgages account for slightly more than 40% of the company's loan portfolio, while commercial real estate loans comprise around 30%. Subsidiary AmeriServ Trust provides trust services to the bank, while AmeriServ Life reinsures credit life and disability insurance. AmeriServ Financial sold the rights to its former names to U.S. Bancorp to avoid being confused with the larger regional bank.

 COMPETITION
First Commonwealth Financial Corporation (FCF)
Mellon Financial Corporation (MEL)
National City Corporation (NCC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 123.90
1-Yr. Sales Growth: (34.7)%
Employees: 538
Revenue per employee: $230,297.40

 KEY PEOPLE
• Orlando B. Hanselman
    CEO
• Jeffery A. Stopko
    CFO

 CONTACT INFO
Main and Franklin Sts.
Johnstown, PA 15907
US
Phone: 814-533-5300
Fax: 814-533-5427

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