<SEC-DOCUMENT>0000707605-20-000041.txt : 20200513
<SEC-HEADER>0000707605-20-000041.hdr.sgml : 20200513
<ACCEPTANCE-DATETIME>20200513085313
ACCESSION NUMBER:		0000707605-20-000041
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200508
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200513
DATE AS OF CHANGE:		20200513

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:		20871218

	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>bodonorato8k.htm
<DESCRIPTION>APPOINTMENT OF ONORATO TO ASRV BOARD OF DIRECTORS
<TEXT>
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<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
<META NAME="author" CONTENT="Peggy O'Malley">
<META NAME="date" CONTENT="2018-05-23T15:00:00Z">
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<P style="margin-top:8.8px; margin-bottom:0px; font-size:18pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0px; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>WASHINGTON, DC 20549</B>&#160;</P>
<P style="margin-top:0px; margin-bottom:2.933px; font-size:12pt; border-bottom:1px solid #000000" align=center>&#160;</P>
<P style="margin-top:17.6px; margin-bottom:0px; font-size:18pt" align=center><B>FORM 8-K</B><FONT style="font-size:12pt">&#160;</FONT></P>
<P style="margin-top:0px; margin-bottom:2.933px; font-size:12pt; border-bottom:1px solid #000000" align=center>&#160;</P>
<P style="margin-top:17.6px; margin-bottom:0px; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>Pursuant to Section&#160;13 or 15(d) of the</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>Securities Exchange Act of 1934</B></P>
<P style="margin-top:17.6px; margin-bottom:0px; font-size:12pt" align=center><B>Date of report (Date of earliest event reported): May 8, 2020</B></P>
<P style="margin-top:0px; margin-bottom:2.933px; font-size:12pt; border-bottom:1px solid #000000" align=center>&#160;</P>
<P style="margin-top:32.267px; margin-bottom:0px; font-size:22pt" align=center><B>AMERISERV FINANCIAL, INC.</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>(Exact Name of Registrant as Specified in Charter)</B>&#160;</P>
<P style="margin-top:0px; margin-bottom:2.933px; font-size:12pt; border-bottom:1px solid #000000" align=center>&#160;</P>
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</TD><TD style="margin-top:0px; padding:0px" width=230.4 height=4.4><P style="margin:0px; font-size:8pt">&#160;</P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=244.733 height=16.533><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><U>&nbsp;</U><FONT style="font-size:10pt"><U>Pennsylvania</U></FONT><FONT style="font-size:10pt"><U> </U></FONT></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.2 height=16.533><P style="margin:0px; font-size:12pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=230.467 height=16.533><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><U>0-11204 </U></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.133 height=16.533><P style="margin:0px; font-size:12pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=230.4 height=16.533><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><U>25-1424278</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=244.733 height=27.867><P style="margin:0px; font-size:8pt" align=center><B>(State or Other Jurisdiction</B></P>
<P style="margin-top:0px; margin-bottom:1px; font-size:8pt" align=center><B>of Incorporation)</B></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.2 height=27.867><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=230.467 height=27.867><P style="margin:0px; font-size:8pt" align=center><B>(Commission</B></P>
<P style="margin-top:0px; margin-bottom:1px; font-size:8pt" align=center><B>File Number)</B></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.133 height=27.867><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=230.4 height=27.867><P style="margin:0px; font-size:8pt" align=center><B>(I.R.S. Employer</B></P>
<P style="margin-top:0px; margin-bottom:1px; font-size:8pt" align=center><B>Identification No.)</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=482.4 height=4.4 colspan=3><P style="margin:0px; font-size:8pt">&#160;</P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=482.4 height=34.533 colspan=3><P style="margin-top:0px; margin-bottom:1.2px; font-size:12pt" align=center><U>&nbsp;</U><FONT style="font-size:10pt"><U>Main &amp; Franklin Streets</U></FONT><FONT style="font-size:10pt"><U> </U></FONT></P>
<P style="margin-top:0px; margin-bottom:1.467px" align=center><U>&nbsp;Johnstown, Pennsylvania</U><FONT style="font-size:12pt"><U> </U></FONT></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.133 height=34.533><P style="margin:0px; font-size:12pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=230.4 height=34.533><P style="margin:0px" align=center><U>15901 </U></P>
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<TR><TD style="margin-top:0px; padding:0px" valign=top width=482.4 height=13.2 colspan=3><P style="margin:0px; font-size:8pt" align=center><B>(Address of Principal Executive Offices)</B></P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=7.133 height=13.2><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=230.4 height=13.2><P style="margin:0px; font-size:8pt" align=center><B>(Zip Code)</B></P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:8pt" align=center><B>Registrant<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s Telephone Number, Including Area Code (814) 533-5300</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:8pt" align=center><B>&nbsp;</B><U>&nbsp;&nbsp;N/A &nbsp;&nbsp;</U></P>
<P style="margin:0px; font-size:8pt" align=center><B>&nbsp;(Former Name or Former Address, if Changed Since Last Report)</B><FONT style="font-size:12pt">&#160;</FONT></P>
<P style="margin-top:0px; margin-bottom:2.933px; font-size:12pt; border-bottom:1px solid #000000" align=center>&#160;</P>
<P style="margin-top:14.667px; margin-bottom: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">&#160;</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=28.8 /><TD width=619.467 /></TR>
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</TD><TD style="margin-top:0px; padding:0px" valign=top width=619.467 height=16.533><P style="margin:0px">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px">&#160;</P>
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<TR><TD style="margin-top:0px; padding:0px" width=28.8 height=16.533><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=28.8 height=16.533><P style="margin:0px; font-family:'MS Mincho,Times New Roman'"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#9744;</font></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=617.467 height=16.533><P style="margin:0px">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px">&#160;</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=28.8 /><TD width=28.8 /><TD width=662.4 /></TR>
<TR><TD style="margin-top:0px; padding:0px" width=28.8 height=16.533><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=28.8 height=16.533><P style="margin:0px; font-family:'MS Mincho,Times New Roman'"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#9744;</font></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=662.4 height=16.533><P style="margin:0px">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px">&#160;</P>
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<TR><TD style="margin-top:0px; padding:0px" width=28.8 height=16.533><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=28.8 height=16.533><P style="margin:0px; font-family:'MS Mincho,Times New Roman'"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#9744;</font></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=662.4 height=16.533><P style="margin:0px">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0px"><BR></P>
</TD></TR>
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<DIV style="width:624px"><P style="margin:0px; padding-right:-48px" align=justify>Securities registered pursuant to Section 12(b) of the Act:</P>
<P style="margin:0px" align=justify><BR></P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=306 /><TD width=135.2 /><TD width=284.8 /></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=306><P style="margin:0px; padding-left:-43.2px; padding-right:-48px" align=center><U>Title Of Each Class</U></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=135.2><P style="margin:0px; padding-left:-46px; padding-right:-48px" align=center><U>Trading Symbol</U></P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=284.8><P style="margin:0px; padding-left:-49.2px; padding-right:-48px" align=center><U>Name of Each Exchange On Which Registered</U></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=306 height=20.667><P style="margin:0px; padding-left:-43.2px; padding-right:-48px" align=center>Common Stock</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=135.2 height=20.667><P style="margin:0px; padding-left:-46px; padding-right:-48px" align=center>ASRV</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=284.8 height=20.667><P style="margin:0px; padding-left:-49.2px; padding-right:-48px" align=center>The NASDAQ Stock Market LLC</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=306 height=24.8><P style="margin:0px; padding-left:-43.2px; padding-right:-48px" align=center>8.45% Beneficial Unsecured Securities, Series A</P>
<P style="margin:0px; padding-left:-43.2px; padding-right:-48px" align=center>(AmeriServ Financial Capital Trust I)</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=135.2 height=24.8><P style="margin:0px; padding-left:-46px; padding-right:-48px" align=center>ASRVP</P>
</TD><TD style="margin-top:0px; padding:0px" valign=bottom width=284.8 height=24.8><P style="margin:0px; padding-left:-49.2px; padding-right:-48px" align=center>The NASDAQ Stock Market LLC</P>
</TD></TR>
</TABLE>
<DIV style="width:624px"><P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR &#167;240.12b-2).</P>
<P style="margin:0px"><FONT style="background-color:#FFFFFF">Emerging growth company </FONT><FONT style="font-family:'MS Mincho,Times New Roman'; background-color:#FFFFFF"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#9744;</font></FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. <FONT style="font-family:'MS Mincho,Times New Roman'"><font style="font-family:'Arial Unicode MS,Times New Roman'">&#9744;</font></FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; border-top:1px solid #7F0000"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR>
<BR></P>
<P style=page-break-before:always;margin-top:0;margin-bottom:-4pt;font-size:4pt /><P style="margin-top:0px; margin-bottom:-2px; width:66px; float:left"><B>Item 5.02 </B></P>
<P style="margin-top:0px; margin-bottom:13.333px; padding-left:66px; text-indent:-2px"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>
<P style="margin:0px; text-indent:48px; clear:left">On May 8, 2020, the Board of Directors of AmeriServ Financial, Inc. (the <font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font>) appointed Daniel A. Onorato as a Class I Director of the Company to serve until the 2023 annual meeting of shareholders of the Company. &nbsp;Mr. Onorato will also serve as a director of AmeriServ Financial Bank, a wholly owned banking subsidiary of the Company. Mr. Onorato, age 59, is executive vice president and chief corporate affairs officer for Highmark Health, headquartered in Pittsburgh, Pennsylvania. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; text-indent:48px">Mr. Onorato will be compensated for services as a director on the same basis as other non-employee directors of the Company and AmeriServ Financial Bank, including retainers and board and committee fees. &nbsp;Mr. Onorato has been appointed to the investment/asset liability committee and the audit committee, on which he will also serve as the board<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s designated audit committee financial expert under applicable SEC rules.</P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>Item 9.01 &nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.</B></P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">(d)</P>
<P style="margin:0px; text-indent:-2px">Exhibits:</P>
<P style="margin:0px; clear:left">&#160;</P>
<P style="margin-top:0px; margin-bottom:-2px; width:48px; float:left">99.1</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Press release, dated May 13, 2020, announcing the appointment of Daniel A. Onorato as an independent director of AmeriServ Financial, Inc.</P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>&#160;</P>
<P style="margin:0px" align=center><U>SIGNATURES</U></P>
<P style="margin:0px">&#160;</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">&#160;</P>
</DIV><TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=426.2 /><TD width=35.8 /><TD width=10.267 /><TD width=197.133 /><TD width=26.6 /></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=426.2><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=269.8 colspan=4><P style="margin:0px">AMERISERV FINANCIAL, INC.</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=426.2><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.8><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=234 colspan=3><P style="margin:0px">&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=426.2><P style="margin:0px">&#160;Dated:&#160; May 13, 2020</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.8><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px; padding:0px; border-bottom:1px solid #000000" valign=top width=207.4 colspan=2><P style="margin:0px">/s/ Jeffrey A. Stopko</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=26.6><P style="margin:0px">&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=426.2><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.8><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=10.267><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=223.733 colspan=2><P style="margin:0px">Jeffrey A. Stopko</P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" valign=top width=426.2><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=35.8><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=10.267><P style="margin:0px">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" valign=top width=223.733 colspan=2><P style="margin:0px">President and Chief Executive Officer</P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; padding:0px" width=426.2><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" width=35.8><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" width=10.267><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" width=197.133><P style="margin:0px; font-size:8pt">&#160;</P>
</TD><TD style="margin-top:0px; padding:0px" width=26.6><P style="margin:0px; font-size:8pt">&#160;</P>
</TD></TR>
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<DIV style="width:624px"><P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">&nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always">Exhibit 99.1</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=center><B>Daniel Onorato Joins AmeriServ Financial, Inc. Board of Directors</B></P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify>Johnstown, PA - The Board of Directors of AmeriServ Financial, Inc. (NASDAQ: ASRV) today announced the appointment of Daniel A. Onorato as an independent director of the company. &nbsp;Mr. Onorato is executive vice president, chief corporate affairs officer for Highmark Health, headquartered in Pittsburgh, Pennsylvania.</P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify>Mr. Onorato<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s appointment expands the Board to nine directors. &nbsp;He will be a member of the investment/asset liability committee and the audit committee, on which he will also serve as the board<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s designated audit committee financial expert under applicable SEC rules.</P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify><font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>We are pleased to welcome Dan as a new independent director to the AmeriServ board. &nbsp;He is an accomplished business leader and well-respected within our region for the important roles he has played within Allegheny County government. &nbsp;Through his role at Highmark Health, Dan has been instrumental in helping the company navigate the regulatory, community and corporate communication facets as one of the top health care providers throughout the state,<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font> Allan Dennison, chairman of AmeriServ Financial, Inc., said. &nbsp;<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8220;</font>We are confident he will add great value to our Board and AmeriServ will benefit from his expertise and counsel.<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8221;</font></P>
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<P style="margin-top:0px; margin-bottom:9.8px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify>Prior to joining Highmark Health, Mr. Onorato served two terms as chief executive of Allegheny County. &nbsp;Prior to that, he served as Allegheny County<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s controller and two terms on the Pittsburgh City Council. &nbsp;His professional background also includes work as an attorney and certified public accountant (CPA).</P>
<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify>Mr. Onorato is currently on the Boards of the Highmark Foundation, Highmark Caring Foundation, Pennsylvania Chamber of Business and Industry, Greater Pittsburgh Chamber of Commerce, Pittsburgh Public Theater, Allegheny Parks Foundation and Jefferson Regional Foundation. &nbsp;&nbsp;He is a graduate of The Pennsylvania State University, and earned a Juris Doctorate from the University of Pittsburgh School of Law.</P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify>Mr. Onorato and his wife, Shelly, reside in Pittsburgh. &nbsp;They are the parents of three children.</P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt" align=justify><B>About AmeriServ Financial, Inc.</B></P>
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<P style="margin:0px; font-family:'Calibri,Times New Roman'; font-size:11pt">AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. &nbsp;The Company<font style="font-family:'Arial Unicode MS,Times New Roman'">&#8217;</font>s subsidiaries provide full-service banking and wealth management services through sixteen community offices in southwestern Pennsylvania and Hagerstown, Maryland. &nbsp;The Company also operates loan production offices in Altoona and Monroeville, Pennsylvania. &nbsp;At March 31, 2020, AmeriServ had total assets of $1.17 billion and a book value of $5.92 per common share. &nbsp;For more information, visit www.ameriserv.com.</P>
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