<SEC-DOCUMENT>0000707605-11-000154.txt : 20111102
<SEC-HEADER>0000707605-11-000154.hdr.sgml : 20111102
<ACCEPTANCE-DATETIME>20111102160218
ACCESSION NUMBER:		0000707605-11-000154
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20111102
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20111102
DATE AS OF CHANGE:		20111102

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERISERV FINANCIAL INC /PA/
		CENTRAL INDEX KEY:			0000707605
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				251424278
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11204
		FILM NUMBER:		111174467

	BUSINESS ADDRESS:	
		STREET 1:		MAIN & FRANKLIN STS
		STREET 2:		PO BOX 430
		CITY:			JOHNSTOWN
		STATE:			PA
		ZIP:			15907
		BUSINESS PHONE:		8145335300

	MAIL ADDRESS:	
		STREET 1:		MAIN & FRANKLIN STS
		STREET 2:		PO BOX 430
		CITY:			JOHNSTOWN
		STATE:			PA
		ZIP:			15907
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>war8k112.htm
<DESCRIPTION>FORM 8-K ANNOUNCING WARRANT REPURCHASE
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Stevens &amp; Lee">
<META NAME="date" CONTENT="11/02/2011">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:720px"><P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>Washington, D.C.&nbsp; 20549</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Pursuant to Section&nbsp;13 or 15(d) of</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>The Securities Exchange Act of 1934</B></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px" align=center><B>November&nbsp;2, 2011</B></P>
<P style="margin:0px" align=center>Date of Report (Date of earliest event reported)</P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>AMERISERV FINANCIAL,&nbsp;INC.</B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=230.4></TD><TD width=14.4></TD><TD width=230.4></TD><TD width=14.333></TD><TD width=230.467></TD></TR>
<TR><TD valign=top width=230.4><P style="margin:0px" align=center><B>Pennsylvania</B></P>
</TD><TD valign=bottom width=14.4><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.4><P style="margin:0px" align=center><B>0-11204</B></P>
</TD><TD valign=bottom width=14.333><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.467><P style="margin:0px" align=center><B>25-1424278</B></P>
</TD></TR>
<TR><TD valign=top width=230.4><P style="margin:0px" align=center>(State or other jurisdiction</P>
<P style="margin:0px" align=center>of incorporation)</P>
</TD><TD valign=bottom width=14.4><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.4><P style="margin:0px" align=center>(Commission</P>
<P style="margin:0px" align=center>File Number)</P>
</TD><TD valign=bottom width=14.333><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.467><P style="margin:0px" align=center>(IRS Employer</P>
<P style="margin:0px" align=center>Ident. No.)</P>
</TD></TR>
<TR><TD valign=top width=230.4><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD valign=bottom width=14.4><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=230.4><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD valign=bottom width=14.333><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=230.467><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=475.2 colspan=3><P style="margin:0px" align=center><B>Main and Franklin Streets, Johnstown, Pennsylvania</B></P>
</TD><TD valign=bottom width=14.333><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.467><P style="margin:0px" align=center><B>15901</B></P>
</TD></TR>
<TR><TD valign=top width=475.2 colspan=3><P style="margin:0px" align=center>(Address of principal executive offices)</P>
</TD><TD valign=bottom width=14.333><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=230.467><P style="margin:0px" align=center>(Zip Code)</P>
</TD></TR>
<TR><TD valign=top width=720 colspan=5><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=720 colspan=5><P style="margin:0px" align=center><B>(814) 533-5300</B></P>
<P style="margin:0px" align=center>Registrant&#146;s telephone number, including area code</P>
</TD></TR>
<TR><TD valign=top width=720 colspan=5><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=720 colspan=5><P style="margin:0px" align=center><B>N/A</B></P>
</TD></TR>
<TR><TD valign=top width=720 colspan=5><P style="margin:0px" align=center>(Former name or former address, if changed since last report.)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; font-family:Wingdings">o<FONT style="font-family:Times New Roman"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; font-family:Wingdings">o<FONT style="font-family:Times New Roman"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; font-family:Wingdings">o<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; font-family:Wingdings">o<FONT style="font-family:Times New Roman"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))</FONT></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-top:4px; border-top:1px solid #7F0000"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="id_3"></A><A NAME="id_4"></A><P style="margin-top:0px; margin-bottom:2.667px"><BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR></P>
<P style="margin-top:0px; margin-bottom:-16px; page-break-before:always"><B>Item&nbsp;1.01</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px"><B>Entry into a Material Definitive Agreement.</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-family:inherit">On November&nbsp;2, 2011, <FONT style="font-family:Times New Roman">AmeriServ Financial, Inc. (the &#8220;Company&#148;) </FONT>entered into a letter agreement (the &#147;Warrant Repurchase Agreement&#148;) between the Company and the United States <A NAME="jump_exp_1"></A>Department <A NAME="jump_exp_2"></A>of <A NAME="jump_exp_3"></A>the <A NAME="jump_exp_4"></A>Treasury <A NAME="jump_exp_5"></A>(&#147;Treasury&#148;). &nbsp;Pursuant to the Warrant Repurchase Agreement, the Company repurchased from Treasury a warrant to purchase 1,312,500 shares of the Company's common stock at an exercise price of $2.40 per share (the &#147;Warrant&#148;), issued to Treasury on December&nbsp;19, 2008, in connection with the Company's participation in the TARP Capital Purchase Program. &nbsp;The Company paid an aggregate purchase price of $825,000 for the <A NAME="jump_exp_6"></A>repurchase of the Warrant, which has been canceled. &nbsp;<FONT style="font-family:Times New Roman">The repurchase price was based on the fair market value of the Warrant as agreed upon by the Company and Treasury.</FONT> &nbsp;<FONT style="font-family:Times New Roman">With the repurchase of the Warrant, the Company concluded its participation in the TARP Capital Purchase Program. &nbsp;The above discussion is a summary only, and is qualified in all respects by the specific terms of the </FONT>Warrant Repurchase Agreement, which is attached hereto as Exhibit 10.1.</P>
<P style="margin-top:0px; margin-bottom:-16px"><B>Item&nbsp;9.01</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px"><B>Financial Statements and Exhibits.</B></P>
<P style="margin-top:0px; margin-bottom:-16px">(d)</P>
<P style="margin:0px; text-indent:48px">Exhibits:</P>
<P style="margin:0px">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-48px">10.1</P>
<P style="margin:0px; padding-left:48px">Letter Agreement, dated <FONT style="font-family:inherit">November&nbsp;2, 2011</FONT>, between AmeriServ Financial, Inc. and the United States Department of the Treasury, with respect to the repurchase of the Warrant.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&nbsp;<A NAME="id_7"></A><A NAME="id_8"></A></P>
<P style="margin:0px" align=center><U>SIGNATURES</U></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px; text-indent:48px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=426.2></TD><TD width=34.467></TD><TD width=11.6></TD><TD width=197.133></TD><TD width=50.533></TD></TR>
<TR><TD valign=top width=426.2><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=293.733 colspan=4><P style="margin:0px">AMERISERV FINANCIAL, INC.</P>
</TD></TR>
<TR><TD valign=top width=426.2><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=34.467><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=259.267 colspan=3><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=426.2><P style="margin:0px; font-size:1pt">&nbsp;<FONT style="font-size:10pt">Dated:&nbsp; November&nbsp;2, 2011</FONT></P>
</TD><TD valign=top width=34.467><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=208.733 colspan=2><P style="margin:0px">/s/ &nbsp;Jeffrey A. Stopko</P>
</TD><TD valign=top width=50.533><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=426.2><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=34.467><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=11.6><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=247.667 colspan=2><P style="margin:0px">Jeffrey A. Stopko</P>
</TD></TR>
<TR><TD valign=top width=426.2><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=34.467><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=11.6><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD valign=top width=247.667 colspan=2><P style="margin:0px">Executive Vice President and<BR>
Chief Financial Officer</P>
</TD></TR>
<TR><TD width=426.2><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD width=34.467><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD width=11.6><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD width=197.133><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD width=50.533><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
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<BR>
<BR>
<BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&nbsp;<A NAME="id_9"></A><A NAME="id_10"></A></P>
<P style="margin:0px" align=center>EXHIBIT INDEX</P>
<P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=100.733></TD><TD width=14.4></TD><TD width=597.533></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=100.733><P style="margin:0px" align=center>Exhibit Number</P>
</TD><TD valign=bottom width=14.4><P style="margin:0px; font-size:1pt">&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=597.533><P style="margin:0px" align=center>Description</P>
</TD></TR>
<TR><TD valign=top width=100.733><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=14.4><P style="margin:0px">&nbsp;</P>
</TD><TD valign=top width=597.533><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=100.733><P style="margin:0px" align=center>10.1</P>
</TD><TD valign=bottom width=14.4><P>&nbsp;</P></TD><TD valign=top width=597.533><P style="margin:0px">Letter Agreement, dated <FONT style="font-family:inherit">November&nbsp;2, 2011</FONT>, between AmeriServ Financial, Inc. and the United States Department of the Treasury, with respect to the repurchase of the Warrant.</P>
</TD></TR>
<TR><TD valign=top width=100.733><P>&nbsp;</P></TD><TD valign=bottom width=14.4><P>&nbsp;</P></TD><TD valign=top width=597.533><P>&nbsp;</P></TD></TR>
</TABLE>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex101112.htm
<DESCRIPTION>LETTER AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="FCrisera">
<META NAME="date" CONTENT="11/02/2011">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:628px"><P style="line-height:14pt; margin-top:8px; margin-bottom:0px; font-size:12pt">Exhibit 10.1</P>
<P style="line-height:14pt; margin-top:56px; margin-bottom:0px; font-size:12pt" align=center>UNITED STATES DEPARTMENT OF THE TREASURY</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>1500 Pennsylvania Avenue, NW</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:32px; font-size:12pt" align=center>Washington, D.C. 20220</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:336px; font-size:12pt">November&nbsp;2, 2011</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Ladies and Gentlemen:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt">Reference is made to that certain letter agreement (the &#147;<I>Repurchase Letter Agreement</I>&#148;)<I>, </I>dated as of the date set forth on Schedule&nbsp;A hereto, between the United States Department of the Treasury (the &#147;<I>Investor</I>&#148;)<I> </I>and the company set forth on Schedule&nbsp;A hereto (the &#147;<I>Company</I>&#148;). &nbsp;Capitalized terms used but not defined herein shall have the meanings assigned to them in the Repurchase Letter Agreement.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt">As documented by the Repurchase Letter Agreement, the Company has completed the repurchase from the Investor of all of the Preferred Shares issued to the Investor pursuant to the Securities Purchase Agreement. &nbsp;Following such time, the Company delivered a Warrant Repurchase Notice dated as of the date set forth on Schedule&nbsp;A hereto to the Investor. &nbsp;In connection with the consummation, on the date hereof, of the repurchase of the Warrant by the Company from the Investor, as contemplated by the Warrant Repurchase Notice and Section&nbsp;4.9 of the Securities Purchase Agreement:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:48px; padding-right:43.2px; text-indent:48px; font-size:12pt">(a)</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:48px; padding-right:43.2px; text-indent:96px; font-size:12pt">The Company hereby acknowledges receipt from the Investor of the Warrant; and</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:48px; text-indent:48px; font-size:12pt">(b)</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:48px; text-indent:96px; font-size:12pt">The Investor hereby acknowledges receipt from the Company of a wire transfer to the account of the Investor set forth on Schedule&nbsp;A hereto in immediately available funds of the aggregate purchase price set forth on Schedule&nbsp;A hereto, representing payment in full for the Warrant, determined in accordance with Section&nbsp;4.9 of the Securities Purchase Agreement.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt">This letter agreement will be governed by and construed in accordance with the federal law of the United States if and to the extent such law is applicable, and otherwise in accordance with the laws of the State of New&nbsp;York applicable to contracts made and to be performed entirely within such State.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; text-indent:48px; font-size:12pt">This letter agreement may be executed in any number of separate counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts will together constitute the same agreement. &nbsp;Executed signature pages to this letter agreement may be delivered by facsimile and such facsimiles will be deemed sufficient as if actual signature pages had been delivered.</P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt">In witness whereof, the parties have duly executed this letter agreement as of the date first written above.</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:32px; padding-left:336px; font-size:12pt">UNITED STATES DEPARTMENT OF THE TREASURY</P>
<P style="line-height:14pt; margin:0px; padding-left:336px; font-size:12pt">By:<U> &nbsp;/s/ Mathew Pendo</U></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:336px; padding-right:-4px; font-size:12pt">Name:</P>
<P style="line-height:14pt; margin:0px; padding-left:336px; padding-right:-4px; text-indent:48px; font-size:12pt">Matthew Pendo</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:336px; padding-right:-4px; font-size:12pt">Title:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:32px; padding-left:336px; padding-right:-4px; text-indent:48px; font-size:12pt">Chief Investment Officer</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:32px; padding-left:336px; font-size:12pt">COMPANY: AMERISERV FINANCIAL,&nbsp;INC.</P>
<P style="line-height:14pt; margin:0px; padding-left:336px; font-size:12pt">By:<U> &nbsp;/s/ Jeffrey A. Stopko</U></P>
<P style="line-height:14pt; margin:0px; padding-left:336px; padding-right:4px; font-size:12pt">Name: Jeffrey A. Stopko</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:336px; padding-right:3.867px; font-size:12pt">Title: </P>
<P style="line-height:14pt; margin:0px; padding-left:336px; padding-right:3.867px; text-indent:48px; font-size:12pt">Executive Vice President and</P>
<P style="line-height:14pt; margin:0px; padding-left:336px; padding-right:3.867px; text-indent:48px; font-size:12pt">Chief Financial Officer</P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:45.6px; margin-bottom:24px"><BR>
<BR></P>
<P style="margin:0px">UST Seq. No.: 207</P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:624px"><P style="line-height:14pt; margin-top:45.6px; margin-bottom:24px; padding-left:499.2px; font-size:12pt; page-break-before:always"><B>SCHEDULE A</B></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:24px; text-indent:-24px; font-size:12pt"><U>Company Information:</U></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=301.933></TD><TD width=14.8></TD><TD width=223.267></TD></TR>
<TR><TD valign=top width=301.933><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Name of the Company:</P>
</TD><TD valign=top width=14.8><P>&nbsp;</P></TD><TD valign=top width=223.267><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">AmeriServ Financial, Inc.</P>
</TD></TR>
<TR><TD valign=top width=301.933><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Corporate or other organizational<BR>
form of the Company:</P>
</TD><TD valign=top width=14.8><P>&nbsp;</P></TD><TD valign=top width=223.267><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt"><BR>
Business corporation</P>
</TD></TR>
<TR><TD valign=top width=301.933><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Jurisdiction of organization of the Company:</P>
</TD><TD valign=top width=14.8><P>&nbsp;</P></TD><TD valign=top width=223.267><P style="line-height:14pt; margin-top:0px; margin-bottom:16px; font-size:12pt">Commonwealth of Pennsylvania</P>
</TD></TR>
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<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="line-height:14pt; margin-top:32px; margin-bottom:16px; padding-left:24px; padding-right:3.867px; text-indent:-24px; font-size:12pt"><U>Information related to the Preferred Share Repurchase:</U></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; font-size:12pt">Date of Repurchase Letter Agreement for the<BR>
repurchase of 21,000 of the Preferred Shares:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:24px; text-indent:320px; font-size:12pt">August&nbsp;11, 2011</P>
<P style="line-height:14pt; margin-top:32px; margin-bottom:16px; padding-right:321.6px; font-size:12pt"><U>Terms of the Warrant Repurchase:</U></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; font-size:12pt">Date of Warrant Repurchase Notice:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:24px; text-indent:320px; font-size:12pt">October&nbsp;26, 2011</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:24px; font-size:12pt"><U>Aggregate purchase price for the Warrant</U>:</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:16px; padding-left:24px; text-indent:320px; font-size:12pt">$825,000</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=351.2></TD><TD width=288></TD></TR>
<TR><TD valign=top width=351.2><P style="line-height:14pt; margin:0px; font-size:12pt"><B>Investor wire information for payment of purchase price for the Warrant:</B></P>
</TD><TD valign=top width=288><P style="line-height:14pt; margin:0px; font-size:12pt"><B>ABA Number: 021000018</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt"><B>Bank: The Bank of New York Mellon</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt"><B>Account Name: BETA EESA Preferred Account</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt"><B>Account Number: GLA/111567</B></P>
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<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px">UST Seq. No.: 207</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">095331-0002-11807-Active.11571880.2</P>
<P style="margin:0px"><BR></P>
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