AmeriServ Names Nedret Vidinli to its Board of Directors
September 19 2008 - 8:30AM
PR Newswire (US)
JOHNSTOWN, Pa., Sept. 19 /PRNewswire-FirstCall/ -- AmeriServ
Financial, Inc. (NASDAQ:ASRV) today announced the unanimous
election of Nedret Vidinli, managing director for FSI Group, Inc.,
to its Board of Directors. With this election, Vidinli becomes one
of 17 directors on the board for the holding company and its wholly
owned subsidiary, AmeriServ Bank. "Ned brings a broad and deep
industry experience, expertise in corporate finance, experience
with financial institution regulation and capital structures and we
look forward to working with him on the board," said Craig G. Ford,
chairman of the board for AmeriServ. FSI Group, located in
Cincinnati, OH, specializes in financing and investing in community
banks and other financial companies with growth potential. As
AmeriServ's largest shareholder, the company purchased a total of
2.2 million shares of AmeriServ stock during the bank's private
placement of common stock offerings in 2004 and 2005. AmeriServ
recently reported second quarter net income of $1,516,000,
representing an 87.6% increase over the second quarter 2007. For
the six-month period ended June 30, 2008, AmeriServ increased net
income by more than 122% when compared to the first six months of
2007. AmeriServ Financial, Inc. is the parent of AmeriServ
Financial Bank, AmeriServ Trust & Financial Services Company,
West Chester Capital Advisors, and AmeriServ Life Insurance
Company. DATASOURCE: AmeriServ Financial, Inc. CONTACT: Dan L.
Hummel of AmeriServ Financial, +1-814-533-5139 Web site:
http://www.ameriservfinancial.com/
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