On September 14, 2023, Driver Management Company LLC sent a letter to J. Michael Adams, Chairman of the board of directors of AmeriServ Financial, Inc. In the letter, Driver Management Company stated that the Interlocks Bylaw first appeared in the Bylaws in 2003. In 2008, Nedret Vidinli was appointed to the Board. Nedret Vidinli was then elected to the Board at the Company?s 2009 annual meeting of shareholders.

Driver Management Company stated that the Company to provide the process for obtaining the approval contemplated by the Interlocks Bylaws. Assuming the Board approved Nedret Vidinli, there must be a process in place for obtaining that approval, along with objective criteria to be used in the Board?s determination to grant such approval.