-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WBou64F9MGOzPUkrq5EcgDQ6Z8VrhVNYQlv/S8SHLyzhdirOugSlSGn2fd0PM7uI Exd3l/KHsDb4teVYlcMkqA== 0000707605-09-000028.txt : 20090127 0000707605-09-000028.hdr.sgml : 20090127 20090127084235 ACCESSION NUMBER: 0000707605-09-000028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090127 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20090127 DATE AS OF CHANGE: 20090127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERISERV FINANCIAL INC /PA/ CENTRAL INDEX KEY: 0000707605 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 251424278 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11204 FILM NUMBER: 09546724 BUSINESS ADDRESS: STREET 1: MAIN & FRANKLIN STS STREET 2: PO BOX 430 CITY: JOHNSTOWN STATE: PA ZIP: 15907 BUSINESS PHONE: 8145335300 MAIL ADDRESS: STREET 1: MAIN & FRANKLIN STS STREET 2: PO BOX 430 CITY: JOHNSTOWN STATE: PA ZIP: 15907 8-K 1 den098k.htm PRESS RELEASE 1-27-09 SECURITIES AND EXCHANGE COMMISSION



SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


Form 8-K


Current Report

Pursuant to Section 13 or 15(d) of the Securities Act of 1934


Date of Report (Date of earliest event reported) January 27, 2009


AMERISERV FINANCIAL, Inc.

(exact name of registrant as specified in its charter)


Pennsylvania        0-11204        25-1424278

(State or other     (commission    (I.R.S. Employer

jurisdiction        File Number)   Identification No.)

of Incorporation)


Main and Franklin Streets, Johnstown, Pa.  15901

(address or 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-4c))













Form 8-K


Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.


AMERISERV FINANCIAL Inc. (the "Registrant") announced today that Allan R. Dennison will step down as President and CEO at the completion of a search for a successor.  Dennison will remain on the Company’s Board of Directors.  For a more detailed description of the announcement see the press release attached as Exhibit #99.1.  


Exhibits

--------


Exhibit 99.1

Press release dated January 27, 2009, announcing today that Allan R. Dennison will step down as President and CEO at the completion of a search for a successor.  Dennison will remain on the Company’s Board of Directors.



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.


By /s/Jeffrey A. Stopko

Jeffrey A. Stopko

Senior Vice President

& CFO


Date: January 27, 2009




Exhibit 99.1


AmeriServ, Inc. President And CEO Scheduled To Retire

JOHNSTOWN, Pa., January 27 – AmeriServ Financial Inc. (NASDAQ: ASRV) announced today that Allan R. Dennison will step down as President and CEO at the completion of a search for a successor. Dennison will remain on the company’s Board of Directors.

Dennison notified the Board of his wish to retire. He has committed to remain as President and CEO until the Board retains a successor and there has been a successful transition of responsibilities. AmeriServ has retained a professional executive search firm to identify Dennison’s successor.

“Allan’s passion for AmeriServ and our communities helped change this company for the better,” said AmeriServ Financial, Inc. Chairman of the Board Craig G. Ford. “With steadfast leadership, Allan has managed the reinvention of AmeriServ since his arrival in February of 2004.”

AmeriServ recently reported a full year 2008 increase in Net Income of 81% compared to the previous year. The company also reported significant 2008 Net Loan Growth and Net Interest Margin growth despite a troubled economy and turmoil in other sectors of the nation’s banking industry.

Prior to joining AmeriServ in 2004 Dennison served as President and CEO of Swineford National Bank headquartered in Hummels Wharf, PA. He has been in banking since 1968.

AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank, AmeriServ Trust & Financial Services Company, West Chester Capital Advisors, and AmeriServ Life Insurance Company.




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