Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial and retail banking, and trust services to businesses, individuals, and governmental entities in Pennsylvania. The company operates 26 community banking offices in Franklin, Cumberland, Fulton and Huntingdon counties, Pennsylvania, and engages in general commercial, retail banking and trust services normally associated with community banks and its deposits are insured (up to applicable limits) by the Federal Deposit Insurance Corporation (the FDIC). Lending Activities The company’s lending activities consist primarily of commercial real estate, construction and land development, agricultural, commercial and industrial loans, installment and revolving loans to consumers and residential mortgage loans. Secured and unsecured commercial and industrial loans, including accounts receivable and inventory financing, and commercial equipment financing, are made to small and medium-sized businesses, individuals, governmental entities, and non-profit organizations. The company also participates in Pennsylvania Housing Finance Agency programs and is a Small Business Administration approved lender. Residential real estate loans may be further broken down into consumer or commercial purpose. Consumer purpose residential real estate loans represent traditional residential mortgages and home equity products. Commercial purpose residential real estate loans represent loans made to businesses, but are secured by residential real estate. These loans are underwritten as commercial loans and the repayment ability may be dependent on the business operation, despite the residential collateral. Commercial and agricultural real estate loans are secured by properties such as hotels, warehouses, apartment buildings, retail sites, and farmland or agricultural related properties. Construction loans are made to finance the purchase of land and the construction of residential and commercial buildings, and are secured by mortgages on real estate. These loans are primarily comprised of loans to consumers to build a home, and loans to contractors and developers to construct residential properties for resale or rental. Commercial loans are made to businesses and government municipalities of various sizes for various purposes, including operations, property, plant and equipment, and working capital. Commercial lending, including commercial real estate, is concentrated in the bank’s primary market, but also includes purchased loan participations originated primarily in south-central Pennsylvania. Consumer loans comprise installment, indirect (primarily automobile) and unsecured personal lines of credit. The company’s Investment and Trust Services Department offers all of the personal and corporate trust services normally associated with trust departments including estate planning and administration, corporate and personal trust fund management, pension, profit sharing and other employee benefit funds management, and custodial services. Investment Portfolio The company’s investment portfolio includes equity securities, U.S. Government agency securities, municipal securities, corporate debt securities, trust preferred securities, agency mortgage-backed securities, private-label mortgage-backed securities, and asset-backed securities. Deposits The company’s deposits include noninterest-bearing checking accounts, interest-bearing checking accounts, money management accounts, savings accounts, retail time deposits, and brokered time deposits. Regulation The company is registered as a bank holding company and is subject to supervision and regulation by the Board of Governors of the Federal Reserve System under the Bank Holding Act of 1956, as amended. As a Pennsylvania bank holding company for purposes of the Pennsylvania Banking Code, the company is also subject to regulation and examination by the Pennsylvania Department of Banking. The bank is a state chartered bank that is not a member of the Federal Reserve System, and its deposits are insured (up to applicable limits) by the FDIC. Accordingly, the bank's primary federal regulator is the FDIC, and the bank is subject to extensive regulation and examination by the FDIC and the Pennsylvania Department of Banking. History Franklin Financial Services Corporation was founded in 1906.
franklin financial services
20 South Main Street
Chambersburg, PA 17201
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To contact FRANKLIN FINANCIAL SERVICES, please visit www.franklinfin.com. Company data is provided by Capital IQ. Please use this form to report any data issues.