Amy Bradley
About Amy Bradley
Amy Bradley (age 57) is an independent director of AmeriServ Financial, Inc. (ASRV) serving since 2022; she is President & CEO of the Cambria Regional Chamber of Commerce (since March 2018) and previously led communications and public affairs at Conemaugh Health System (2000–2018), with earlier experience as a television news anchor at WJAC TV . The Board has determined all current directors except the CEO are independent under NASDAQ listing standards; Bradley serves as Chair of the Investment/ALCO Committee and is a member of the Audit Committee, bringing community leadership and balance sheet risk oversight to the board .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Conemaugh Health System | Director of Communication & Public Affairs | June 2000 – March 2018 | Communications leadership for a healthcare provider |
| WJAC TV | Television News Anchor | Not disclosed | Media and public engagement experience |
External Roles
| Organization | Role | Tenure | Scope/Impact |
|---|---|---|---|
| Cambria Regional Chamber of Commerce | President & CEO | Since March 2018 | Regional business leadership; support for local enterprises |
Board Governance
- Committee leadership: Chair, Investment/ALCO Committee (asset/liability management, interest rate and liquidity oversight) .
- Committee membership: Audit Committee member (independent; committee oversees external auditors, internal audit, loan review, and reporting integrity) .
- Independence: Board determined all directors other than the CEO are independent; Bradley meets NASDAQ independence standards .
- Attendance and engagement: In 2024, the Board held 13 meetings; Audit 8; Investment/ALCO 4; Technology 4; Compensation 2; Nominating/Governance 2; two executive sessions without management; each director attended at least 75% of combined Board and committee meetings and attended the annual meeting .
- Prior-year cadence: In 2023, the Board held 15 meetings and one executive session; each director attended at least 75% and attended the annual meeting .
Fixed Compensation
| Component | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $35,400 | $40,588 |
| Stock Awards ($) | $27,500 | $27,536 |
| Total ($) | $62,900 | $68,124 |
| Annual Stock Retainer (shares) | 9,557 shares (retainer $27,500 paid in stock) | 10,602 shares (retainer $27,500 paid in stock) |
| Meeting Fees & Chair Retainers (structure) | $1,000 per ASRV Board mtg; $750 per Bank Board mtg; $600 per committee mtg; $2,500 annual retainer for each committee chair (general policy) | Same structure (general policy) |
Director compensation is benchmarked against similar asset-size public bank peers; annual retainers are paid in common stock to encourage ownership .
Performance Compensation
| Performance-Linked Component | 2023 | 2024 |
|---|---|---|
| Director cash bonus tied to targets | None disclosed for independent directors | None disclosed for independent directors |
| Equity awards with performance conditions (PSUs) | None disclosed for independent directors | None disclosed for independent directors |
| Stock options (director) | None disclosed for independent directors | None disclosed for independent directors |
Other Directorships & Interlocks
| Company | Type | Role | Tenure |
|---|---|---|---|
| None | Public company | — | — |
Other public company directorships within the past five years: None .
Expertise & Qualifications
- Chair of Investment/ALCO: Oversight of asset/liability management, interest rate, liquidity and market risk; reviews investment policies and balance sheet risk monitoring .
- Audit oversight: Member of Audit Committee with responsibilities for auditor independence, internal control oversight, and financial reporting integrity .
- Community and business leadership: Regional chamber CEO; deep understanding of regional business challenges and resource access .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Class | Note |
|---|---|---|---|
| Amy Bradley | 24,700 | <1% (indicated by “*”) | ASRV encourages director stock ownership via stock retainer and facilitating monthly fee share purchases |
- Hedging/pledging: Company prohibits hedging and pledging post-Sept 1, 2015 without Board pre-approval; no pledging disclosed for Bradley in the ownership tables .
Governance Assessment
- Strengths: Independent director with dual governance roles (ALCO Chair, Audit member) enhancing board risk oversight; independence affirmed by the Board .
- Engagement: Meets attendance thresholds and participates in executive sessions; adds regional stakeholder perspective via chamber leadership .
- Alignment: Director compensation paid partly in stock; Bradley holds 24,700 shares; annual stock retainer increases skin-in-the-game .
- Interlocks/conflicts: No other public company boards and no Bradley-specific related-party transactions disclosed; reduces interlock risk and potential conflicts .
- Policy backdrop: Insider trading policy restricts hedging/pledging, and board committees regularly review risk, compensation, and governance charters; audit committee independence confirmed .
No director-specific red flags identified for Bradley (e.g., pledging, related-party transactions, low attendance) in the latest proxies; company-level related-party and activist agreements disclosed pertain to other parties, not Bradley .