AMERISERV FINANCIAL Inc. (the "Registrant") announced second quarter and first six months results through June 30, 2009. For a more detailed description of the announcement see the press release attached as Exhibit #99.1.

Exhibits

Exhibit 99.1

Press release dated July 14, 2009, announcing the second quarter and first six months results through June 30, 2009.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AMERISERV FINANCIAL, Inc.

By /s/Jeffrey A. Stopko

Jeffrey A. Stopko

Executive Vice President

& CFO

Date: July 14, 2009

Exhibit 99.1

JOHNSTOWN, PA -AmeriServ Financial, Inc. (NASDAQ: ASRV) reported a second quarter 2009 net loss of $939,000 or $0.06 per diluted share. This represents a decrease of $2,455,000 from the second quarter 2008 net income of $1,516,000 or $0.07 per diluted share. For the six month period ended June 30, 2009, the Company reported a net loss of $406,000 or $0.04 per diluted share. This also represents a decrease of $3,151,000 when compared to net income of $2,745,000 or $0.13 per diluted share for the first six months of 2008. The following table highlights the Company's financial performance for both the three and six month periods ended June 30, 2009 and 2008:

                       Second        Second        Six Months Ended  Six Months Ended
                    Quarter 2009  Quarter 2008      June 30, 2009     June 30, 2008

Net income (loss)      ($939,000)    $1,516,000           ($406,000)       $2,745,000
Diluted earnings         ($ 0.06)        $ 0.07             ($ 0.04)            $0.13
per share

Allan R. Dennison, President and Chief Executive Officer, commented on the second quarter 2009 financial results, "AmeriServ Financial reported a loss for the second quarter of 2009 due to an increased provision for loan losses and higher FDIC insurance expense. We prudently increased our allowance for loan losses to respond to higher non-performing loans as the continued recessionary economic environment is negatively impacting our commercial borrowers. This higher provision unfortunately more than offset increased net interest income that resulted from strong loan and deposit growth within our retail bank.
Overall at June 30, 2009, our allowance for loan losses provided 100% coverage of non-performing loans and represented 1.84% of total loans outstanding. With a tangible common equity ratio of 8.17% and an asset leverage ratio of 11.61%, AmeriServ Financial has good capital strength to work through this challenging economic period."

The Company's net interest income in the second quarter of 2009 increased by $1.2 million from the prior year's second quarter and for the first six months of 2009 increased by $2.6 million or 19.1% when compared to the first six months of 2008. The Company's net interest margin is also up by 8 and 24 basis points, respectively for the quarter and six-month periods ended June 30, 2009. The increased net interest income and margin resulted from a combination of good balance sheet growth and the pricing benefits achieved from a steeper positively sloped yield curve. Specifically, total loans averaged $723 million in the first six months of 2009, an increase of $94 million or 15.0% over the first half of 2008. This loan growth caused overall interest income to increase for both 2009 periods. The loan growth was driven by increased commercial and commercial real-estate loan production as the majority of increased residential mortgage loan production has been sold into the secondary market. Total deposits averaged $742 million in the first six months of 2009, an increase of $43 million or 6.2% over the same 2008 period. The Company believes that uncertainties in the financial markets and the economy have contributed to growth in both money market and demand deposits as consumers have looked for safety in well capitalized community banks like AmeriServ Financial.
Additionally, the Company also benefited from a favorable decline in interest expense caused by the more rapid downward repricing of both deposits and Federal Home Loan Bank borrowings due to the market decline in short-term interest rates.

The Company appropriately strengthened its allowance for loan losses in the second quarter of 2009 in response to an increase in non-performing loans.
Specifically, non-performing assets increased by $9.6 million from $5.1 million or 0.70% of total loans at March 31, 2009 to $14.7 million or 1.98% of total loans at June 30, 2009. The following two credits, both negatively impacted by weakening economic conditions, were primarily responsible for the increased level of non-performing assets: 1) a $5.9 million commercial loan to an information technology consulting company that is experiencing cash flow difficulties. A $3.4 million specific reserve has been established against this credit. 2) a $3.9 million commercial relationship with a paper manufacturer that has ceased operations. This relationship consists of both an asset based line of credit and a commercial mortgage with an 80% government guarantee. A $370,000 specific reserve has been established against this relationship.

Overall, the Company recorded a $3.3 million provision for loan losses in the second quarter of 2009 compared to a $1.4 million provision in the second quarter of 2008, or an increase of $1.9 million. For the six month period ended June 30, 2009, the Company recorded a $5.1 million provision for loan losses compared to a $1.5 million provision for the first half of 2008, or an increase of $3.6 million. When determining the provision for loan losses, the Company considers a number of factors some of which include periodic credit reviews, non-performing, delinquency and charge-off trends, concentrations of credit, loan volume trends and broader local and national economic trends. In addition to the higher level of non-performing loans, the increased loan loss provision in 2009 was also caused by the Company's decision to strengthen its allowance for loan losses due to the downgrade of the rating classification of several performing commercial loans and uncertainties in the local and national economies. For the six month period ended June 30, 2009, net charge-offs have amounted to $404,000 or 0.11% of total loans compared to net charge-offs of $814,000 or 0.26% of total loans for the same six month period in 2008. In summary, the allowance for loan losses provided 100% coverage of non-performing loans and was 1.84% of total loans at June 30, 2009 compared to 264% of non-performing loans and 1.26% of total loans at December 31, 2008.

The Company's non-interest income in the second quarter of 2009 decreased by $1.9 million from the prior year's second quarter and for the first six months of 2009 decreased by $2.1 million when compared to the first six months of 2008.
The largest item causing the decline was related to bank owned life insurance. Bank owned life insurance revenue returned to a more typical level in 2009 as the 2008 revenue was impacted by the payment of $1.6 million in death claims.
Trust and investment advisory fees also declined by $365,000 for the second quarter and $685,000 for the six month period due to reductions in the market value of assets managed due to lower equity and real estate values in 2009.
These negative items were partially offset by increased gains on asset sales. Specifically, gains realized on residential mortgage sales into the secondary market in 2009 increased by $42,000 for the second quarter and $71,000 for the six month period due to increased mortgage purchase and refinance activity in the Company's primary market. The Company also took advantage of market opportunities and generated $164,000 of gains on the sale of investment securities in 2009 compared to a $137,000 loss on a portfolio repositioning strategy executed in 2008.

Total non-interest expense in the second quarter of 2009 increased by $611,000 from the prior year's second quarter and for the first six months of 2009 increased by $994,000 or 5.6% when compared to the first six months of 2008.
Higher FDIC deposit insurance expense is the largest factor responsible for the non-interest expense increase in 2009. Specifically, FDIC deposit insurance expense has increased by $681,000 due to the recognition of a $435,000 expense for a special five basis point assessment, mandated for all banks, that was accrued in the second quarter of 2009 and an increase in the recurring insurance premiums due to the need to strengthen the deposit insurance fund. Total salaries and benefits expense in 2009 increased by $171,000 in the second quarter and $433,000 for the six month period due to greater salary costs as a result of merit increases and higher pension expense. Other expenses have increased by $120,000 in the first six months of 2009 due primarily to increased other real estate owned expense. These negative items were partially offset by a reduction in core deposit amortization expense of $216,000 for the second quarter and $324,000 for the six month period as a branch core deposit intangible was fully amortized in the first quarter of 2009.

ASRV had total assets of $979 million and shareholders' equity of $113 million or a book value of $4.37 per common share at June 30, 2009. The Company's asset leverage ratio remained strong at 11.61% and the Company had a tangible common equity to tangible assets ratio of 8.17% at June 30, 2009.

This news release may contain forward-looking statements that involve risks and uncertainties, as defined in the Private Securities Litigation Reform Act of 1995, including the risks detailed in the Company's Annual Report and Form 10-K to the Securities and Exchange Commission. Actual results may differ materially.

Nasdaq: ASRV

                    SUPPLEMENTAL FINANCIAL PERFORMANCE DATA

                                 July 14, 2009

                (In thousands, except per share and ratio data)

                    (All quarterly and 2009 data unaudited)

2009

                                                      1QTR   2QTR    YEAR
                                                                    TO DATE
PERFORMANCE DATA FOR THE PERIOD:
Net income (loss)                                      $533  $(939)  $(406)
Net income (loss) available to common shareholders      274 (1,202)   (928)

PERFORMANCE PERCENTAGES (annualized):
Return on average assets                              0.22% (0.39)% (0.08)%
Return on average equity                               1.90  (3.29)  (0.72)
Net interest margin                                    3.72    3.66    3.69
Net charge-offs as a percentage of average loans       0.03    0.19    0.11
Loan loss provision as a percentage of average loans   1.02    2.79    1.42
Efficiency ratio                                      78.22   82.56   79.93

PER COMMON SHARE:
Net income (loss):
Basic                                                 $0.01 $(0.06) $(0.04)
Average number of common shares outstanding          21,137  21,151  21,144
Diluted                                                0.01  (0.06)  (0.04)
Average number of common shares outstanding          21,137  21,152  21,144




2008

                                                      1QTR   2QTR   YEAR
                                                                   TO DATE
PERFORMANCE DATA FOR THE PERIOD:
Net income                                           $1,229 $1,516  $2,745
Net income available to common shareholders           1,229  1,516   2,745

PERFORMANCE PERCENTAGES (annualized):
Return on average assets                              0.55%  0.71%   0.63%
Return on average equity                               5.43   6.64    6.04
Net interest margin                                    3.32   3.58    3.45
Net charge-offs as a percentage of average loans       0.06   0.46    0.26
Loan loss provision as a percentage of average loans   0.10   0.89    0.49
Efficiency ratio                                      82.87  73.20   77.67

PER COMMON SHARE:
Net income:
Basic                                                 $0.06  $0.07   $0.13
Average number of common shares outstanding          22,060 21,847  21,954
Diluted                                                0.06   0.07    0.13
Average number of common shares outstanding          22,062 21,848  21,955

2009

                                               1QTR       2QTR
PERFORMANCE DATA AT PERIOD END
Assets                                        $975,062   $978,899
Short-term investment in money market funds     10,817      7,516
Investment securities                          138,853    136,119
Loans                                          726,961    739,649
Allowance for loan losses                       10,661     13,606
Goodwill and core deposit intangibles           13,498     13,498
Deposits                                       746,813    783,807
FHLB borrowings                                 90,346     57,702
Shareholders' equity                           114,254    112,880
Non-performing assets                            5,099     14,670
Asset leverage ratio                            11.82%     11.61%
Tangible common equity ratio                      8.35       8.17
PER COMMON SHARE:
Book value (A)                                   $4.44      $4.37
Market value                                      1.67       1.85
Trust assets - fair market value (B)        $1,432,375 $1,376,272

STATISTICAL DATA AT PERIOD END:
Full-time equivalent employees                     355        352
Branch locations                                    18         18
Common shares outstanding                   21,144,700 21,156,801



2008

                                    1QTR       2QTR       3QTR       4QTR
PERFORMANCE DATA AT PERIOD END
Assets                             $902,349   $877,230   $911,306   $966,929
Short-term investment in money        5,682      6,952      7,147     15,578
market funds
Investment securities               146,285    141,867    141,630    142,675
Loans                               632,934    623,798    663,996    707,108
Allowance for loan losses             7,309      7,963      8,677      8,910
Goodwill and core deposit            14,254     14,038     13,821     13,605
intangibles
Deposits                            682,459    722,913    688,998    694,956
FHLB borrowings                     106,579     40,214    106,897    133,778
Shareholders' equity                 91,558     92,248     93,671    113,252
Non-performing assets                 3,050      3,717      4,390      4,572
Asset leverage ratio                  9.78%     10.47%     10.37%     12.15%
Tangible common equity ratio           8.70       9.06       8.90       8.31
PER COMMON SHARE:
Book value  (A)                       $4.19      $4.22      $4.29      $4.39
Market value                           2.79       2.98       2.51       1.99

STATISTICAL DATA AT PERIOD END:
Full-time equivalent employees          350        353        352        353
Branch locations                         19         18         18         18
Common shares outstanding        21,842,691 21,850,773 21,859,409 21,128,831

NOTES:

(A) Preferred stock received through the Capital Purchase Program is excluded from the book value per common share calculation.

(B) Not recognized on the balance sheet.