Business Briefs - May 6

May 06, 2012

Greater Chambersburg Chamber of Commerce

CHAMBERSBURG, Pa. — The Greater Chambersburg Chamber of Commerce welcomed seven new members in April, bringing its total membership to 905:

• 5Linx, 1015 Belair Drive, Chambersburg

• Arace Transportation, York, Pa.

• AT&T Mobility, 3055 Black Gap Road, Chambersburg

• Marketing & Design Consulting, Takoma Park, Md.

• Rotary Club of Chambersburg, 48 W. Commerce St., Chambersburg

• Take Shape for Life, 365 Wayne Ave., Chambersburg

• The Interface Financial Group, 1411 Springview Circle, Chambersburg

Custom Sign Studio

WAYNESBORO, Pa. — Wayne Driscoll, owner of Custom Sign Studio in Waynesboro, recently made a $250 contribution in support of Renfrew Institute’s fifth-grade farmstead interpretive program, From Field to Table.

From Field to Table provides students with opportunities to learn about agricultural history, as well as the chemistry of food preservation through a series of hands-on experiences. They learn about traditional butchering practices, grain harvest, and food crop preservation and storage. Following their investigation of life on a long-ago farm, students leave with cornmeal, ground by their own hands, that will be baked into muffins or bread, allowing students to enjoy the “fruits of their labors.”

Custom Sign Studio, formerly Wayne Driscoll Custom Sign, has been serving clients in the mid-Atlantic area since 1998. The company creates everything from unique exterior signs for small businesses to large commercial interiors.

Franklin Financial Services Corp.

CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust Co., reported earnings of $1.369 million for the first quarter ended March 31. When compared to first-quarter 2011 earnings of $1.849 million, net income declined 26 percent.

On a per-share basis, diluted earnings were $0.34 for the first three months of 2012, compared to $0.47 for the same period in 2011.

Total assets at March 31 were $1.036 billion, a 6.6 percent increase from total assets of $972 million at March 31, 2011. Total deposits and repurchase agreements were $887.8 million at the end of the first quarter of 2012, increasing 9.4 percent from the first quarter of 2011.

At the quarter’s end, net loans of $754.1 million and the market value of trust assets under management of $503.3 million remained relatively unchanged when compared to a year earlier.

Also, the board of directors of Franklin Financial Services Corp. declared a $0.17 per share regular quarterly dividend for the second quarter of 2012. This compares to a regular quarterly cash dividend of $0.27 paid in the second quarter of 2011.

William E. Snell, Jr., president and chief executive officer, said in a news release that the quarterly dividend of $0.17 per share represents a 4.4 percent dividend yield based upon the closing price on April 24 of $15.45 per share.

Total regular cash dividends paid during the first two quarters of 2012 will be $0.44 per share. The second- quarter cash dividend will be paid May 23 to shareholders of record at the close of business on May 10.

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