<SEC-DOCUMENT>0000707605-16-000142.txt : 20160128
<SEC-HEADER>0000707605-16-000142.hdr.sgml : 20160128
<ACCEPTANCE-DATETIME>20160128080021
ACCESSION NUMBER:		0000707605-16-000142
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160128
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20160128
DATE AS OF CHANGE:		20160128

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:		161366661

	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>sblf1168k.htm
<DESCRIPTION>PRESS RELEASE ANNOUNCING SBLF REDEMPTION
<TEXT>
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<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Stevens &amp; Lee">
<META NAME="date" CONTENT="01/26/2016">
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<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>January&nbsp;28, 2016</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>
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<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always"><B>Item&nbsp;8.01 &nbsp;&nbsp;&nbsp;&nbsp;Other Events.</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px; font-family:inherit" align=justify>On January&nbsp;28, 2016, <FONT style="font-family:Times New Roman">AmeriServ Financial, Inc. announced that it has redeemed all 21,000 outstanding preferred stock shares of the Company&#146;s Senior Non-Cumulative Perpetual Preferred Stock, Series E, that it had issued to the U.S. Department of Treasury (&#147;Treasury&#148;) pursuant to the Treasury&#146;s Small Business Lending Fund. &nbsp;The press release, attached hereto as Exhibit&nbsp;99.1, is incorporated herein.</FONT></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>Item&nbsp;9.01 &nbsp;&nbsp;&nbsp;&nbsp;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">99.1</P>
<P style="margin:0px; padding-left:48px">Press release, dated January 28,<FONT style="font-family:inherit"> 2016</FONT> of AmeriServ Financial, Inc. </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; January&nbsp;28, 2016</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;Michael D. Lynch</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">Michael D. Lynch</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">Senior 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>
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<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>99.1</P>
</TD><TD valign=bottom width=14.4><P>&nbsp;</P></TD><TD valign=top width=597.533><P style="margin:0px">Press release, dated January<FONT style="font-family:inherit">&nbsp;28, 2016</FONT>, of AmeriServ Financial, Inc.</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>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&nbsp;</P>
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<P style="margin-top:13.333px; margin-bottom:0px; padding-left:30px; padding-right:48px"><B>Exhibit 99.1</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:6.667px; margin-bottom:6.667px; padding-left:30px; padding-right:48px; font-size:12pt"><FONT style="background-color:#FFFFFF">AMERISERV FINANCIAL INC. COMPLETES REDEMPTION OF SBLF PREFERRED STOCK</FONT></P>
<P style="line-height:14pt; margin-top:6.667px; margin-bottom:6.667px; padding-left:30px; padding-right:48px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF">Johnstown, Pa., Jan. 28, 2016 /</FONT><FONT style="color:#007F7F; background-color:#FFFFFF">PRNewswire</FONT><FONT style="color:#007F7F; background-color:#FFFFFF"></FONT><FONT style="background-color:#FFFFFF">/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced today that it has redeemed all 21,000 outstanding preferred stock shares of the Company&#146;s Senior Non-Cumulative Perpetual Preferred Stock, Series E (&#147;Series E Preferred Stock&#148;), that it had issued to the U.S. Department of Treasury (&#147;Treasury&#148;) pursuant to the Treasury&#146;s Small Business Lending Fund (&#147;SBLF&#148;). &nbsp;The shares were redeemed at $1,000 per share, plus accrued but unpaid dividends, for a total aggregated redemption price of approximately $21 million. &nbsp;The redemption of the Series E Preferred Stock terminates the Company&#146;s participation in the SBLF program in full and had been approved by the Company&#146;s primary federal regulator. &nbsp;The redemption was funded from the previously disclosed issuance of $7.6 million of subordinated debt and $13.4 million of internal Company resources. &nbsp;Following the redemption, the Company continues to have capital in excess of minimum regulatory requirements and at levels that qualify as &#147;well capitalized&#148; under applicable regulatory guidelines. &nbsp;</FONT></P>
<P style="line-height:14pt; margin-top:6.667px; margin-bottom:6.667px; padding-left:30px; padding-right:48px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF">&quot;The Company is pleased that it was able to redeem all of its issued and outstanding SBLF preferred stock prior to the upcoming dividend rate increase from 1% to 9% that was scheduled for February 2016&#148; stated Jeffrey A. Stopko, President and Chief Executive Officer. &#147;With the successful completion of this important strategic initiative and our solid capital position, we are well positioned to continue to pursue strategies that can improve shareholder value&quot;&nbsp;&nbsp;&nbsp;</FONT></P>
<P style="line-height:14pt; margin-top:6.667px; margin-bottom:6.667px; padding-left:30px; padding-right:48px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF">AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown, PA.&nbsp; The Company's subsidiaries provide full-service banking and trust and wealth management services through seventeen community offices in southwestern Pennsylvania.&nbsp; At December 31, 2015, AmeriServ had total assets of $1.15 billion, shareholders&#146; equity of $119 million, a book value of $5.19 per common share and a tangible book value of $4.56 per common share.&nbsp; </FONT></P>
<P style="line-height:14pt; margin:0px; padding-left:30px; padding-right:48px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF"><B>Forward-Looking Statements</B></FONT><FONT style="background-color:#FFFFFF"> </FONT></P>
<P style="line-height:14pt; margin:0px; padding-left:30px; padding-right:48px; font-size:12pt" align=justify><FONT style="background-color:#FFFFFF">This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding the AmeriServ's capital levels and future payment obligations. These forward-looking statements involve risks and uncertainties that could cause AmeriServ's results to differ materially from management's current expectations. Such risks and uncertainties are detailed in AmeriServ's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2014. Forward-looking statements are based on the beliefs and assumptions of AmeriServ's management and on currently available information. &nbsp;The statements in this press release are made as of the date of this press release, even if subsequently made available by AmeriServ on its website or otherwise. AmeriServ undertakes no responsibility to publicly update or revise any forward-looking statement. </FONT></P>
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