AMERISERV FINANCIAL BANK WINS IOLTA RFP

JOHNSTOWN, Pa., Feb. 23, 2023 /PRNewswire/ -- (NASDAQ: ASRV) -- AmeriServ Financial Bank announced today that it has been selected as the winning bank by the Pennsylvania Interest on Lawyer Trust Accounts (IOLTA) Board through a statewide Request for Proposal (RFP) process that was initiated in 2022. As part of this new partnership, AmeriServ will service business deposit accounts for the organization including municipal NOW and money market accounts. This new banking relationship should provide AmeriServ Financial with additional stable core deposits that the bank will utilize to generate loans which support economic activity in the communities in which it operates.

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