Allan Dennison is stepping down from his post as president of AmeriServ Financial Inc., the bank holding company says.

AmeriServ, Johnstown, Pa., has hired a search firm to became president of the company in 2004.

AmeriServ is best known as the parent of AmeriServ Financial Bank, but it also has a life insurance company subsidiary, AmeriServ Life Insurance Company. The life subsidiary was formed in 1987.