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AmeriServ Appoints Gregor Young To Lead Trust Company

JOHNSTOWN, Pa., March 24 /PRNewswire-FirstCall/ -- AmeriServ Financial Inc. (Nasdaq: ASRV) announced the appointment of Gregor T. Young, IV, J.D. as the President and CEO of AmeriServ Trust and Financial Services Company. Young will be responsible for leading the wealth management affiliate for AmeriServ, and for providing industry-leading service to individuals, organizations and corporate clients.

"Gregor stood out in a field of outstanding candidates because he shares our goal of delivering the best in service, leadership and integrity to our community and customers," said AmeriServ President and CEO Glenn L. Wilson. "His Western Pennsylvania experience combined with a proven record of growth through customer satisfaction makes him the perfect choice to lead AmeriServ Trust and Financial Services Company."

Wilson was appointed interim leader of AmeriServ Trust and Financial Services Company after the retirement of past President and CEO Ronald Virag in January. Young comes to AmeriServ Trust and Financial Services Company with more than 25 years of executive financial experience, including the last 10 years with S&T Bank.

"I was attracted to AmeriServ's dedication and commitment to personal service, and the importance they place on Trust services to the overall customer relationship," said Young. "I have one goal -- to guide the Trust Company to be the outstanding trust services provider of choice in our community."

Before joining S&T, Young held positions with Fleet National Bank, Shawmut Bank, Multibank West and American Express. He received his Juris Doctor from the State University of New York at Buffalo, and his Master of Business Administration Degree from the University of Massachusetts. He is a retired member of both the New York state and Massachusetts state Bar Association.

Young is a Certified Financial Services Counselor (CFSC) who graduated with honors from the American Bankers Association (ABA) National Graduate Trust School at Northwestern University, and holds the Certified Financial Planner designation. He is a graduate of the ABA Stonier National Graduate School of Banking, and he also holds a Bachelor of Arts Degree in Biochemistry Honors from the University of Massachusetts.

Young is a past board member of the Indiana University of Pennsylvania Foundation, and the Westmoreland County Community College Foundation. He is also past treasurer for the James M. Stewart Museum Foundation.

AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank, AmeriServ Trust & Financial Services Company, and AmeriServ Life Insurance Company.

SOURCE AmeriServ Financial Inc.

Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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