Ameriserv Financial Inc/PA – ‘10-C’ for 8/22/95

As of:  Tuesday, 8/22/95   ·   For:  8/22/95   ·   Accession #:  707605-95-11   ·   File #:  0-11204

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Report by Issuer of Securities Quoted on NASDAQ   —   Form 10-C
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-C        Report by Issuer of Securities Quoted on NASDAQ        1      7K 


UNITED STATES         
SECURITIES AND EXCHANGE COMMISSION        
Washington, D.C. 20549        

Form 10-C       

REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ       
INTERDEALER QUOTATION SYSTEM        

Filed pursuant to Section 13 or 15(d) of the Securities Exchange                
Act of 1934 and Rule 13a-17 or 15d-17 thereunder                                

USBANCORP, Inc.                                                                 
(exact name of Issuer as specified in charter)                                  

Main & Franklin Streets, P.O. Box 430, Johnstown, PA 15907-0430                 
(address of principal offices)                                                  

Issuer's telephone number, including area code (814) 533-5300                   

1.  CHANGE IN NUMBER OF SHARES OUTSTANDING                                      

Indicate any change (increase or decrease) of 5% or more in the                 
number of shares outstanding:                                                   

1.  Title of security:  UBAN                                                    

2.  Number of shares outstanding before the change:   5,703,104                 

3.  Number of shares outstanding after the change:    5,368,710                 

4.  Effective date of change:  August 15, 1995                                  

5.  Method of change:  Purchase of Treasury Stock                               

Commencing on March 1, 1994, the Company, authorized by it's          
Board of Directors, adopted a Treasury Stock Buyback Program.                   
With this program, the Company can purchase Common Stock in open                
market transactions at prevailing market prices or in privately                 
negotiated transactions.  Purchases are executed in accordance                  
with parameters established by the Company's Board of Directors                 
and as market conditions dictate. On August 15, 1995, the                       
Company's total Treasury Stock owned now aggregates 344,212                     
shares, which exceeds 5% of the Company's total shares                          
outstanding.                                                                    

Date:  August 22, 1995                  \s\Jeffrey A. Stopko                    
                 Jeffrey A. Stopko
                     Vice President, Chief
                      Accounting Officer and
                    Manager of Corporate
        Services
               USBANCORP, Inc.

Dates Referenced Herein

This ‘10-C’ Filing		Date		Other Filings
Filed on / For Period End:		8/22/95		None on these Dates
		8/15/95
		3/1/94
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