Ameriserve Financial signs new advisory agreement with SB Value Partners

AmeriServ Financial announced it has signed a new advisory agreement with significant shareholder SB Value Partners L.P. to help grow and optimize its $2.4B assets under management in its trust and wealth management business. Also, both AmeriServ and SBV have mutually agreed to extend their cooperation agreement, originally signed on April 18, 2024, through 2029. SBV currently owns approximately 8.2% of the company’s outstanding common stock. The complete advisory agreement, which details all relevant financial and contractual terms between the company and SBV, as well as details around the extension of the Cooperation Agreement, will be included on the company’s current report on Form 8-K filed with the SEC.