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AmeriServ Trust promotes retirement services exec

Michael B. Stem has been promoted to assistant vice president, retirement services officer for the retirement services division of AmeriServ Trust and Financial Services Co.

He has been with the company for three years, and is responsible for business development and servicing current 401(k), profit sharing and pension plan clients, according to a press release from AmeriServ.

Stem is a chartered retirement plans specialist and received a bachelor's degree in accounting from Indiana University of Pennsylvania.

His office is located in the AmeriServ headquarters in downtown Johnstown.