AmeriServ signs consulting deal with SB Value Partners; 350k shares contingent on stock reaching $5

AMERISERV FINANCIAL INC /PA/

SB Value Partners (8.2% holder) to advise on wealth management division for four years under consulting agreement.
Advisor may receive 350,000 shares if stock trades at $5+ or change of control occurs before April 15, 2029.
Cooperation agreement amended: ownership cap raised from 9.9% to 14.9% and term extended to later of 2029 meeting or consulting termination.
Performance Fee Shares are unregistered; issuance subject to federal and state bank regulatory approvals.

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