Ameriserv Financial (ASRV) Declares $0.015 Quarterly Dividend; 1.5% Yield

Go back to Ameriserv Financial (ASRV) Declares $0.015 Quarterly Dividend; 1.5% Yield

AmeriServ Financial Announces A New Labor Contract And Declaration Of Quarterly Common Stock Dividend

October 19, 2017 4:00 PM EDT

JOHNSTOWN, Pa., Oct. 19, 2017 /PRNewswire/ -- AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial, Inc. (NASDAQ: ASRV), and United Steelworkers (USW) Local 2635-06 have agreed to a new four-year contract.  Unionized employees voted to accept the contract at a meeting held on Sunday, October 15, 2017 in Johnstown. The new contract covers the workforce through October 15, 2021.

The ratified contract is positive news for AmeriServ and the community, according to AmeriServ President and CEO Jeffrey Stopko.  "This new agreement allows us to continue focusing on our banking for life strategy.  As an organization, we... More