AmeriServ Financial, Inc. Declares Quarterly Common Stock Cash Dividend
October 31 2008 - 8:30AM
PR Newswire (US)
JOHNSTOWN, Pa., Oct. 31 /PRNewswire-FirstCall/ -- AmeriServ
Financial, Inc. (NASDAQ:ASRV) -- The Board of Directors of
AmeriServ Financial, Inc. declared a $0.025 per share common stock
cash dividend at a meeting held October 30, 2008. The cash dividend
is payable November 24, 2008 to shareholders of record on November
13, 2008. This cash dividend represents a 4.7% annualized yield
using the October 30, 2008 closing price of $2.11. Allan R.
Dennison, President and CEO commented, "As a result of our improved
profitability, stable asset quality, and strong capital position,
we are pleased to declare this common stock cash dividend."
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank
and AmeriServ Trust and Financial Services Company in Johnstown.
The Company's subsidiaries provide full-service banking and trust
services through eighteen community offices in southwestern
Pennsylvania. At September 30, 2008, AmeriServ had total assets of
$911 million and shareholders equity of $94 million or $4.29 per
common share. For the nine months ended September 30, 2008, the
Company reported net income of $3.9 million an 85% increase over
the same 2007 period. DATASOURCE: AmeriServ Financial, Inc.
CONTACT: Jeffrey A. Stopko, Senior Vice President & Chief
Financial Officer of AmeriServ Financial, Inc., +1-814-533-5310 Web
site: http://www.ameriservfinancial.com/
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