Ameriserv Financial Capital I Trust 8.45% Beneficial Preferred

 PREVIOUSLY  USBANCORP

S&P Rating   NR   Moodys Rating   NR

Security Ticker Symbol   ASRVP

Market Traded ON   NASDAQ

Interest Payment Paid on the 27th of February, May, August and November beginning on 06/30/1998

Quarterly Interest   .53   Annual Interest   2.12

Securities may be redeemed, at the issuers option, as early as 06/30/2003 for a redemption price of $25/share plus accrued interest

Distribution Payment Will NOT be a Qualified Distributions — Payment is treated as interest not a dividend.

Maturity Date   06/30/2028

Company Investor Relations Page for

Below you can find the offering Prospectus and Final Pricing Document