Dennison notified the Board of his wish to retire. He has committed to remain as
"Allan's passion for AmeriServ and our communities helped change this company for the better," said AmeriServ Financial, Inc. Chairman of the Board Craig G. Ford. "With steadfast leadership, Allan has managed the reinvention of AmeriServ since his arrival in February of 2004."
AmeriServ recently reported a full year 2008 increase in Net Income of 81% compared to the previous year. The company also reported significant 2008 Net Loan growth and Net Interest Margin growth despite a troubled economy and turmoil in other sectors of the nation's banking industry.
Prior to joining AmeriServ in 2004 Dennison served as
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank, AmeriServ Trust & Financial Services Company, West Chester Capital Advisors, and AmeriServ Life Insurance Company.
SOURCE AmeriServ Financial, Inc.