SB Value Partners Files 13D on AmeriServ Financial

TL;DR

**SB Value Partners just dropped a 13D on AmeriServ Financial. Big stake incoming.**

AI Summary

SB Value Partners, L.P. has filed a Schedule 13D on April 22, 2024, indicating a change in beneficial ownership of AmeriServ Financial, Inc. The filing details the acquisition of shares by SB Value Partners, L.P., with Bryan Abbott serving as the authorized contact. The specific number of shares and the total dollar amount are not detailed in this excerpt.

Why It Matters

This filing signals a significant stake taken by an investment firm in AmeriServ Financial, potentially leading to changes in company strategy or governance.

Risk Assessment

Risk Level: medium — A Schedule 13D filing indicates a significant ownership stake and potential for activist involvement, which can introduce uncertainty.

Key Players & Entities

• SB Value Partners, L.P. (company) — Filing entity
• AmeriServ Financial, Inc. (company) — Subject company
• Bryan Abbott (person) — Authorized contact for SB Value Partners

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
• $5,087,850 — gregate purchase price of approximately $5,087,850. Page 4 of 7 CUSIP No. 03074A102 Bar
• $6,567 — a total purchase price of approximately $6,567. Item 4. Purpose of Transaction . Pu
• $5,087,8450 — gregate purchase price of approximately $5,087,8450 in cash. The Shares were acquired by th
• $2.63 — by the Reporting Person for a price of $2.63 per share. Except for the transactions

Filing Documents

• sbvp20240419_sc13d.htm (SC 13D) — 55KB
• 0001437749-24-012669.txt ( ) — 57KB

From the Filing

SC 13D 1 sbvp20240419_sc13d.htm SCHEDULE 13D sbvp20240419_sc13d.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* AmeriServ Financial, Inc. (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 03074A102 (CUSIP Number) Bryan Abbott c/o SB Value Partners, L.P. 1903 San Pedro Ave. San Antonio, Texas 78212-3310 210-483-5050 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 18, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D CUSIP No. 03074A102 Page 2 of 12 Pages 1 NAME OF REPORTING PERSON SB Value Partners, L.P. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,319,019 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 1,319,019 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,319,019 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.7% (1) 14 TYPE OF REPORTING PERSON PN, IA (1) The percentage reported in this Schedule 13D is based upon 17,147,270 shares of common stock outstanding at as of March 20, 2024 according to the Annual Report on Form 10-K for the year ended December 31, 2023 filed by AmeriServ Financial, Inc. with the U.S. Securities and Exchange Commission on March 27, 2024. Page 3 of 7 CUSIP No. 03074A102 SCHEDULE 13D Item 1. Security and Issuer . The Reporting Person (defined herein) previously filed a statement on Schedule 13G on August 15, 2023 (the "Schedule 13G"). This statement on Schedule 13D (this "Schedule 13D") relates to the common stock, par value $0.01 per share ("Common Stock"), of AmeriServ Financial, Inc., a Pennsylvania corporation (the "Issuer"), and amends and supersedes the Schedule 13G. The Common Stock is listed on The Nasdaq Stock Market LLC under the trading symbol "ASRV". The principal executive offices of the Issuer are located Main & Franklin Streets, P.O. Box 430, Johnstown, Pennsylvania 15907-0430. Item 2. Identity and Background . (a) This Schedule 13D is filed by SB Value Partners, L.P. (the "Reporting Person"). The general partner of the Reporting Person is Foxfield Investments, L.L.C. (the "GP") and the managing member of the GP is Scott A. Barnes ("Barnes"). (b) The address of the business office of the Reporting Person, the GP and Barnes is: c/o SB Value Partners, L.P. 1903 San Pedro Ave. San Antonio, Texas 78212-3310 (c) The principal business of the Reporting Person is investment in securities and serving as a registered investment adviser. The principal business of the GP is serving as the general partner of the Reporting Person. The principal business of Barnes is investments. (d) None of the Reporting Person, the GP or Barnes has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Person, the GP or Barnes has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such entity or individual was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship/Place of Organization: The Reporting Person is a limited partnership formed under the laws of t

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