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SCHEDULE 13D/A 0001239944-25-000013 0001082769 XXXXXXXX LIVE 2 Common Stock, par value $0.01 per share 01/23/2026 false 0000707605 03074A102 AMERISERV FINANCIAL INC /PA/ MAIN & FRANKLIN STS MAIN & FRANKLIN STS JOHNSTOWN PA 15907 Brent D. Baird 716-830-6322 1111 Elmwood Avenue, Unit 306 Buffalo NY 14222 0001082769 N BAIRD BRENT D PF N X1 1120984.00 1120984.00 1120984.00 N 6.8 IN Y Ann N. Bonte PF N X1 55000.00 55000.00 55000.00 N 0.3 IN Common Stock, par value $0.01 per share AMERISERV FINANCIAL INC /PA/ MAIN & FRANKLIN STS MAIN & FRANKLIN STS JOHNSTOWN PA 15907 The following constitutes Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed by the undersigned on September 23, 2025, as amended by Amendment No. 1 dated October 24, 2025 (the "Schedule 13D"). This Amendment No. 2 amends the Schedule 13D as specifically set forth herein. This Schedule 13D is filed by Brent D. Baird and Ann N. Bonte (each a "Reporting Person" and collectively, the "Reporting Persons"). The principal address of each Reporting Person is 1111 Elmwood Avenue, Unit 306, Buffalo, NY14222. Each Reporting Person is retired from active employment. During the past five (5) years, neither Reporting Person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the past five (5) years, neither Reporting Person has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, 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 law or finding any violation with respect to such laws. Each Reporting Person is a U.S. citizen. All of the shares of Common Stock owned by the Reporting Persons were purchased by such Reporting Person with his or her personal funds. The total consideration paid for the 1,175,984 shares of Common Stock purchased by the Reporting Persons was $3,383,502.39. The acquisition of shares of Common Stock by each Reporting Person was made for investment purposes. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of shares of Common Stock at prices that would make the purchase or sale of shares of Common Stock desirable, either Reporting Person may endeavor to increase or decrease his or her position in the Company through, among other things, the purchase or sale of shares of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as such Reporting Person may deem advisable. Neither Reporting Person has present plans or proposals that would relate to, or result in, any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D, except as set forth herein or as would reasonably occur upon or in connection with completion of, or following, any of the actions discussed herein. Each Reporting Person intends to review his or her investment in the Company regularly. Depending on various factors including, without limitation, the Company's financial position and investment strategy, the price level of the shares of Common Stock, conditions in the securities markets and general economic and industry conditions, either Reporting Person may in the future take such actions with respect to his or her investment in the Company as he or she deems appropriate including, without limitation, engaging in communications with management and the Board of Directors of the Company, engaging in discussions with stockholders of the Company or other third parties about the Company and such Reporting Person's investment, making recommendations to the Company concerning business matters or suggestions for improving the Company's financial and/or operational performance, purchasing additional shares of Common Stock, selling some or all of the Reporting Person's shares of Common Stock, engaging in short selling of, or any hedging or similar transaction with respect to, the Reporting Person's shares of Common Stock, including swaps and other derivative instruments, or changing his intention with respect to any and all matters referred to in Item 4. The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D are incorporated by reference into this Item 5. The percent of class was calculated based on 16,522,267 shares of Common Stock outstanding as of October 10, 2025, as set forth in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025. The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D are incorporated by reference into this Item 5. The Reporting Persons' transactions in securities of the Company during the past 60 days are set forth in Exhibit 1 and incorporated herein by reference. No other person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Schedule 13D. Not applicable. To the knowledge of each Reporting Person, there are no contracts, arrangements, understandings or relationships between a Reporting Person and any other person or entity with respect to the securities of the Company, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies. 1. Schedule of Transaction in Securities 2. Power of Attorney for Ann N. Bonte 3. Joint Filing Agreement, dated January 20, 2026 BAIRD BRENT D /s/ Michael C. Donlon By POA from Brent D. Baird 01/23/2026 Ann N. Bonte /s/ Michael C. Donlon By POA from Ann N. Bonte 01/23/2026