#United States #investment growth #Federated Hermes #Johnstown #AmeriServ

Strategic Alliance to Expand Investment Opportunities

On December 3, 2025, AmeriServ Financial Bank, a subsidiary of AmeriServ Financial Inc. (NASDAQ: ASRV), announced a significant strategic alliance with Federated Hermes Inc., a prominent global investment management firm based in Pittsburgh. This collaboration is set to enhance investment options for both individual and institutional wealth management clients throughout Western Pennsylvania.

The partnership allows AmeriServ Bank's Wealth and Capital Management division, alongside its registered investment advisory unit, AmeriServ Wealth Advisors, to provide clients with access to Federated Hermes' extensive investment research, resources, Portfolio Construction Solutions (PCS), and a wide array of wealth management products. This initiative reflects the commitment of both entities to deliver tailor-made financial services that cater to the evolving needs of their clientele.

David Finui, president of AmeriServ’s Wealth division, expressed enthusiasm about this newly formed alliance, stating, "AmeriServ has always focused on delivering personalized financial services to our customers. By joining forces with Federated Hermes, we can now provide our clients with premier investment research and options, bolstering our capability to assist them in achieving their long-term financial objectives."

Peter Eisenbrandt, the executive vice president and national sales director of Federated Hermes, echoed this sentiment: "This partnership unlocks a tremendous opportunity to share Federated Hermes' internationally recognized expertise in active investment strategies with AmeriServ's dedicated customer base. Together, we can develop innovative solutions that align with clients' financial aspirations."

The strategic alliance embodies a shared vision: to broaden financial access and empower local customers with exceptional investment strategies while upholding the personalized service ethos that AmeriServ Financial has cultivated over the years.

About AmeriServ Financial

AmeriServ Financial, Inc. is the parent company of AmeriServ Financial Bank, which is headquartered in Johnstown, Pennsylvania. The bank operates 16 branches throughout southwestern Pennsylvania and Hagerstown, Maryland. As of September 30, 2025, the bank reported total assets of $1.46 billion, with a book value of $6.94 per common share. The Wealth and Capital Management division currently oversees $2.6 billion in customer assets, showcasing AmeriServ's commitment to wealth management services.

About AmeriServ Wealth Advisors, Inc.

AmeriServ Wealth Advisors, Inc. operates as an SEC-registered investment advisor based in Johnstown, PA, and serves as a wholly owned subsidiary of AmeriServ Financial Bank. Their focus is on providing tailored advice and management for diversified investment portfolios to help clients navigate financial markets.

About Federated Hermes, Inc.

Founded in 1955, Federated Hermes boasts a robust management portfolio of approximately $871 billion in total assets, including over $165 billion specifically related to state treasury assets as of September 30, 2025. The firm offers comprehensive portfolio management and analysis across various asset classes, ensuring transparency and compliance with state regulations while delivering efficient service to public sector entities nationwide.

This alliance marks a pivotal moment for both companies, reinforcing their dedication to fostering client success and enhancing the wealth management landscape in Western Pennsylvania. As the financial market evolves, the collaborative effort between AmeriServ and Federated Hermes will help clients achieve their investment goals through a combination of local expertise and globally recognized financial strategies.