On February 1, 2024, Driver Management Company LLC issued a letter to shareholders of AmeriServ Financial, Inc. In the letter, Driver Management expressed its view that the Company?s recent and long-term financial performance accurately reflects the Board?s priorities and that change in the Board?s composition is sorely and urgently needed. Driver Management added that it has nominated 3 individuals, Keith R. Mestrich, Betty Silfa, and J. Abbott R. Cooper, for election to the Board at the Company?s 2024 annual meeting of shareholders. Driver Management stated that it has also submitted several business proposals to be voted on at the annual meeting relating to changes to the Company?s bylaws that Driver Management views would make meaningful improvements in the Company?s corporate governance.