Johnstown, Pennsylvania-based AmeriServ Financial Inc., which operates an office in Hagerstown, Wednesday announced the completion of the merger of its subsidiary, AmeriServ Trust and Financial Services Company, with and into its subsidiary bank, AmeriServ Financial Bank.

The merger was effective Oct. 1 and the former trust company will now function as a division of the bank under the name AmeriServ Wealth & Capital Management.

Jeff Stopko, president and CEO of AmeriServ Financial, said all staff from the former trust company will be retained and that former AmeriServ Trust and Financial Services president, David Finui, has been named president of the new wealth division. He will oversee all activities related to the various business lines contained within the division.

At Sept. 30, AmeriServ had total assets of $1.4 billion and a book value of $6.55 per common share.