AmeriServ Financial, Inc. (NasdaqGM:ASRV) entered into a definitive agreement to acquire Branch, deposit customers in Meyersdale and Borough of Citizen's Neighborhood Bank from Riverview Bank on January 15, 2021. As of the agreement date, the related deposits total approximately $48 million and will be acquired for a 3.71% deposit premium. The Meyersdale branch will continue in operation under the AmeriServ name and Somerset branch customers will be serviced from the neighboring full service AmeriServ office at 108 West Main Street. The branch employees and customers will join AmeriServ family. The transaction is subject to regulatory approvals and satisfaction of customary closing conditions. The transaction is expected to close in the second quarter of 2021. This transaction will be immediately accretive to AmeriServ earnings and the approximate 2% dilution to AmeriServ's tangible book value will be earned back in less than three years. Stevens & Lee acted as legal advisor to AmeriServ Financial, Inc. Griffin Financial Group acted as financial advisor to AmeriServ Financial, Inc. Luse Gorman, PC acted as legal advisor and Ategra Capital Management acted as financial advisor to Riverview.