Ameriserv Financial Signs Advisory Agreement With SB Value Partners To Optimize $2.4B Assets Under Management In Trust And Wealth Management Business

AmeriServ and SB Value Have Also Agreed to Extend Cooperation Agreement Through 2029

AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced it has signed a new advisory agreement (the "Advisory Agreement") with significant shareholder SB Value Partners L.P. ("SBV") to help grow and optimize its $2.4 billion assets under management in its trust and wealth management business. Also, both AmeriServ and SBV have mutually agreed to extend their Cooperation Agreement (the "Cooperation Agreement"), originally signed on April 18, 2024, through 2029. SBV currently owns approximately 8.2% of the Company's outstanding common stock (the "Common Stock").