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AmeriServ (ASRV) Authorizes 5% Buyback Plan

November 9, 2011 8:42 AM EST
AmeriServ Financial, Inc. (Nasdaq: ASRV) approved a stock repurchase program which calls for AmeriServ Financial, Inc. to buyback up to 5 percent or approximately 1,060,000 shares of its outstanding common stock.

The shares may be purchased in open market, negotiated, or block transactions. This common stock repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or discontinued at any time. As of September 30, 2011, the Company had approximately 21.2 million shares of its common stock outstanding.


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