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Ameriserv Financial Signs Advisory Agreement With SB Value Partners To Optimize $2.4B Assets Under Management In Trust And Wealth Management Business
Benzinga·04/16/2025 13:03:56
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AmeriServ and SB Value Have Also Agreed to Extend Cooperation Agreement Through 2029
AmeriServ Financial, Inc. (NASDAQ:ASRV) ("AmeriServ" or the "Company") today announced it has signed a new advisory agreement (the "Advisory Agreement") with significant shareholder SB Value Partners L.P. ("SBV") to help grow and optimize its $2.4 billion assets under management in its trust and wealth management business. Also, both AmeriServ and SBV have mutually agreed to extend their Cooperation Agreement (the "Cooperation Agreement"), originally signed on April 18, 2024, through 2029. SBV currently owns approximately 8.2% of the Company's outstanding common stock (the "Common Stock").
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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