---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-011176"
form_type: "8-K"
ticker: "ASRV"
cik: "0000707605"
company_name: "AMERISERV FINANCIAL INC /PA/"
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:27:53.243169+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# AmeriServ CEO denies Driver's 'illegal misconduct' claims; highlights Q4 loan growth 3.6%

## Summary
- Federal judge dismissed Driver's lawsuit related to director nominations; Company's Bylaws upheld.
- Q4 2023 total loans up 3.6%; fourth consecutive quarter of wealth management revenue growth.
- Deposit growth achieved in 2023 despite difficult banking environment.
- Driver previously 'greenmailed' First United Corp. for $6.5M share buyback and $3.3M settlement.
- Company limited in commenting due to ongoing litigation with former employee Jack Babich.

## SEC filing metadata
- accession: 0001104659-24-011176
- form_type: 8-K
- ticker: ASRV
- cik: 0000707605
- company_name: AMERISERV FINANCIAL INC /PA/
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/707605/000110465924011176/0001104659-24-011176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/707605/000110465924011176/tm245393d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-011176
- JSON: https://secwatch.observer/filing/0001104659-24-011176.json
- Plain text: https://secwatch.observer/filing/0001104659-24-011176.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.