On September 12, 2023, Driver Management Company LLC sent a letter to AmeriServ Financial, Inc.?s counsel. In the letter, Driver Management Company stated that reference is made to the Company letter dated August 21, 2023 and email dated August 22, 2023, both sent in response to Driver Management Company?s letter of August 1, 2023 demanding that the board of directors of the Company appoint a special litigation committee to investigate whether current and former members of the Board violated their fiduciary duties in connection with costly and ongoing litigation intended to deny the Company?s shareholders the opportunity to vote for those candidates for election to director nominated by Driver Opportunity Partners I LP at the Company?s 2023 annual meeting of shareholders. Driver Management Company stated that the crux of its demand is that denying shareholders the right to vote for Driver Management Company?s nominees at the 2023 annual meeting did not serve any cognizable interest of the Company and that the ongoing litigation to defend the Board?s determination to reject Driver Management Company?s notice of nomination has injured, and is continuing to injure, the Company.