AmeriServ Financial Inc. announced that its banking subsidiary, AmeriServ Financial Bank, and United Steelworkers (USW) Local 2635-06 have agreed to a new four-year labor contract. The agreement, accepted by unionized employees on October 12, 2025, will cover the workforce through October 16, 2029. The contract includes annual wage increases of 4% for each of the first three years and 3% in the fourth year. Existing health care coverage and retirement benefits for union employees remain unchanged.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AmeriServ Financial Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-099921), on October 16, 2025, and is solely responsible for the information contained therein.