AmeriServ Financial, Inc. (NasdaqGM:ASRV) announces a share repurchase program. Under the program, AmeriServ will repurchase up to 945,000 shares or 5% of its outstanding common shares. The shares will be repurchased in the open market or through privately negotiated transactions. The company believes that the return of capital to their shareholders through a common stock buyback program is an appropriate capital management strategy. All or part of the repurchases may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the registrant might otherwise be prevented from doing so under insider trading laws or because of self-imposed blackout periods. The timing, volume and nature of share repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors and may be suspended or discontinued at any time. No assurance can be given that any particular amount of common stock will be repurchased. The program may be modified, extended or terminated by the Board at any time. The repurchases will be made during the next 18 months. As of December 31, 2016, the company had approximately 18,900,000 shares of its common stock outstanding.