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Franklin Financial Services Corporation (FRAF)

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32.31+0.18 (+0.56%)
At close: 4:00PM EDT

Franklin Financial Services Corporation

20 South Main Street
PO Box 6010
Chambersburg, PA 17201-0819
United States
717 264 6116
http://www.franklinfin.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees282

Key Executives

NameTitlePayExercisedYear Born
Mr. Timothy G. HenryPres, CEO & Director551.3kN/A1959
Mr. Mark R. HollarSr. VP, CFO & Treasurer300.22kN/A1962
Mr. Steven D. ButzSr. VP and Commercial Services Market Mang. of Farmers & Merchants Trust Co.247.41kN/A1965
Ms. Joyce A. RileyAssistant Corp. Sec.N/AN/AN/A
Mr. Ronald L. CekovichSr. VP & Chief Information & Operations Officerof Farmers & Merchants Trust Co.N/AN/A1957
Ms. Lise M. Shehan Esq.Sr. VP and Investment & Trust Services Mang. of Farmers & Merchants Trust Co.N/AN/A1957
Mr. Matthew D. WeaverSr. VP and Chief Marketing Officer of Farmers & Merchants Trust Co.N/AN/A1969
Ms. Lorie M. HeckmanSr. VP of F&M Trust and Risk Management Officer of F&M TrustN/AN/A1964
Amanda M. DuceyCorp. Sec.N/AN/AN/A
Ms. Amy B. HerroldControllerN/AN/AN/A
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to small and medium-sized businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits. The company also provides commercial real estate, construction and land development, agricultural, commercial and industrial, and residential mortgage loans, as well as installment and revolving loans to consumers; and secured and unsecured commercial and industrial loans, including accounts receivable and inventory financing, and commercial equipment financing. In addition, it offers various investment and trust services comprising estate planning and administration, corporate and personal trust fund management, pension, and profit sharing and other employee benefit funds management services, as well as custodial services; sells mutual funds, annuities, and insurance products; and offers safe deposit facilities and fiduciary services. Further, the company, through its subsidiary, Franklin Future Fund Inc., operates as a non-bank investment company that makes venture capital investments. It operates twenty-two community banking offices in Franklin, Cumberland, Fulton, and Huntingdon counties, Pennsylvania. Franklin Financial Services Corporation was founded in 1906 and is headquartered in Chambersburg, Pennsylvania.

Corporate Governance

Franklin Financial Services Corporation’s ISS Governance QualityScore as of July 1, 2021 is 6. The pillar scores are Audit: 8; Board: 5; Shareholder Rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.