Pillar+Aught advised PNC FIG Advisory, part of PNC Capital Markets LLC, in its role as joint placement agent for AmeriServ Financial, Inc., the holding company for AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company, in connection with the successful completion of a $27 million private placement of fixed-to-floating rate subordinated notes to certain qualified institutional buyers and institutional accredited investors.  Co-founder Ken Rollins led the Pillar+Aught team.

More information on the transaction is available in the Press Release below.

https://www.prnewswire.com/news-releases/ameriserv-financial-inc-announces-completio