Franklin Financial Services Corporation (FRAF)

29.50 -0.45 (-1.50%) At close: 04:00PM EDT

Franklin Financial Services Corporation

1500 Nitterhouse Drive
PO Box 6010
Chambersburg, PA 17201-0819
United States
717 264 6116
https://www.franklinfin.com

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 306

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Timothy G. Henry	President, CEO & Director	727.22k	N/A	1959
Mr. Mark R. Hollar	EVP, CFO & Treasurer	377.11k	N/A	1962
Mr. Charles Benner Carroll Jr.	Executive VP and COO of F&M Trust	448.55k	N/A	1973
Amanda M. Ducey	Corporate Secretary	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes 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 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, commercial and industrial, and residential mortgage loans, as well as installment and revolving loans; consumer loans comprising unsecured personal lines of credit and installment loans; 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, and custodial services, as well as non-trust related investment services; sells mutual funds, annuities, and insurance products; and offers safe deposit, pension, and fiduciary services. Further, the company engages in non-bank investment activities, such as venture capital investments. The company was founded in 1906 and is headquartered in Chambersburg, Pennsylvania.

Corporate governance

Franklin Financial Services Corporation’s ISS governance QualityScore as of 29 April 2024 is 6. The pillar scores are Audit: 9; 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 10 indicates higher governance risk.