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JOHNSTOWN, Pa., Oct. 16, 2025 /PRNewswire/ -- AmeriServ Financial Bank, the banking subsidiary of AmeriServ Financial Inc. (NASDAQ: ASRV) and United Steelworkers (USW) Local 2635-06, have agreed to a new four-year contract. Unionized employees voted to accept the contract at a meeting held on Sunday, October 12, 2025, in Johnstown. This contract covers the workforce through October 16, 2029.
Key financial terms of the new contract include annual wage increases of 4% for each of the first three years and 3% for the fourth year. Key provisions of existing health care coverage and retirement benefits remain unchanged for union employees.
Posted In: ASRV
