JOHNSTOWN, Pa., Oct. 23,
2023 /PRNewswire/ -- West Chester Capital Advisors,
Inc. (WCCA), a wholly owned subsidiary of AmeriServ Financial Bank
and an SEC registered investment advisory firm, today announced
several staff promotions.
Frank J. Lapinsky, AIF, has been
appointed President and Chief Executive Officer. Mr. Lapinsky
brings more than 35 years of investment experience to his new role
at WCCA and oversees daily operations while continuing his duties
as a portfolio manager. Previously, he served as Senior Vice
President, Chief Administrative Officer, and Portfolio Manager for
15 years. In that role, Mr. Lapinsky spearheaded the analysis and
selection of equity, fixed-income, and mutual fund investments and
managed fixed-income, equity, and balanced portfolios. He also
developed and implemented state-of-the-art technology and solutions
for day-to-day portfolio management, investment trading activities,
and client performance reporting.
Ronald M. Shostek, CFA, has been
promoted to Vice President and Chief Investment Officer. He joined
the company in November 2022. He is
the former owner of Loyalhanna Capital Management located in
Johnstown where he managed
separate accounts and developed machine learning models. He has
more than 30 years of experience in the investment industry.
Eric S. Ludy, IACCP, has been
promoted to Vice President and Portfolio Manager. He brings more
than 15 years of trust investment experience to the role.
Previously, Mr. Ludy served as the Chief Compliance Officer for
West Chester Capital Advisors where he was responsible for
overseeing all compliance functions. Prior to that, he was the
securities trader and research analyst for the investment team.
Jeff Stopko, President and Chief
Executive Officer of AmeriServ Financial, Inc., described the
team's performance as "our team of investment and wealth
professionals brings over 100 years of assisting customers plan for
their present and future financial needs. They have a deep
understanding of customers' needs, a track record enabling them to
identify and chart their investments goals and a strong commitment
to providing an exceptional level of personal and professional
service."
West Chester Capital Advisors' investment management and
advisory services range from individual portfolio management to
pension and profit-sharing plans for individuals and institutions,
including bank and trust companies, charitable organizations, and
government entities. The firm's proactive, disciplined approach
includes the signature Pathroad Account® portfolios
which are designed to produce long-term investment results for both
equity and fixed income clients. The combined years of experience
of the advisors allows for delivery of personalized services
through one-on-one consultations with a local investment firm.
About West Chester Capital Advisors, Inc.
West Chester Capital Advisors, Inc. is an SEC-registered
investment advisor with its principal place of business located in
Johnstown, PA. West Chester
Capital Advisors, Inc. is a wholly owned subsidiary of AmeriServ
Financial Bank®. AmeriServ Financial Bank is a wholly
owned subsidiary of AmeriServ Financial, Inc., a publicly held bank
holding company trading on the Nasdaq stock exchange under the
symbol ASRV.
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SOURCE AmeriServ Financial, Inc.