SB Value Partners reports 7.7% stake in Ameriserve Financial

SB Value Partners disclosed a 7.7% stake in Ameriserve Financial, which represents over 1.3M shares. The filing allows for activism. SB Value says that “as a result of its extensive experience as a knowledgeable investor in community banks and community bank trust departments,” it will regularly consult on financial performance metrics, business development, and similar matters. In addition, SB Value and Ameriserve Financial agreed to “actively engage in substantive collaborative discussions designed to promote performance improvement” and optimal performance.