Ameriserv Financial Capital Trust I PFD A GTD 8.45

Ameriserv Financial Capital Trust I PFD A GTD 8.45

ASRVP
Ameriserv Financial Capital Trust I PFD A GTD 8.45US flagNASDAQ Global Market
27.31
USD
+2.06
- -
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Sector
Financial Services
Industry
Asset Management
Address
PA United States of America
IPO Date
Jun 25, 1998
Business
AmeriServ Financial Capital Trust I (ASRVP) operates as a special purpose statutory trust established by AmeriServ Financial, Inc., a Pennsylvania-based bank holding company founded in 1983 and headquartered in Johnstown, Pennsylvania. The Trust's primary activity involves issuing 8.45% Series A Beneficial Unsecured Securities, fixed-rate preferred securities with a liquidation preference, listed on the NASDAQ Global Market under the ticker ASRVP; these securities represent beneficial interests in the Trust's debentures and provide quarterly dividend payments to investors seeking stable income from trust preferred securities. The Trust does not engage in traditional banking or commercial operations, instead functioning solely to hold subordinated debentures issued by AmeriServ Financial, Inc., which uses the proceeds for general corporate purposes including supporting its subsidiaries' retail and commercial banking services such as demand, savings and time deposits, checking accounts, money market accounts, secured and unsecured consumer loans, mortgage loans, commercial real estate loans, lines of credit, and wealth management offerings; its geographic focus remains Pennsylvania counties including Allegheny, Cambria, Centre, Somerset, and Westmoreland, plus Washington County, Maryland. In recent developments, AmeriServ Financial, Inc., the parent and sponsor of the Trust, completed the merger of its subsidiary AmeriServ Trust and Financial Services Company into AmeriServ Financial Bank effective October 1, 2024, creating the AmeriServ Wealth & Capital Management division to enhance operational efficiencies and expand service access for trust customers while retaining all staff; additionally, the company signed a new advisory agreement with significant shareholder SB Value Partners, L.P. in April 2025 and reached a new four-year labor contract with the United Steelworkers union in October 2025 featuring annual wage increases.

Company News

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