August 12, 2012
CHAMBERSBURG, Pa. — Pulmonary Associates, in the North Park Professional Building at 601 Norland Ave., Suite 100, in Chambersburg, joined Summit Health’s network of physician practices, effective Aug. 1.
The practice will be named Summit Pulmonology, and will continue to offer management and treatment of lung disorders, including asthma, chronic obstructive pulmonary disease, shortness of breath, lung cancer, sleep apnea, chronic cough and pneumonia.
The practice also offers Xolair injections for patients who have moderate to severe asthma triggered by year-round allergies.
The Summit Pulmonology team includes Dr. Gregory Brown, Dr. Peter Jablin, Gerry Tasick and Cameron Kirkwood.
To make an appointment, call 717-264-1600. More information is available at www.summithealth.org/breathebetter.
New sleep center opens
A sleep center in the North Park Professional Building is the fourth site of Chambersburg Hospital’s such facilities. The other three centers are at:
• Progress Professional Center, 97 Progress Blvd., Shippensburg, Pa.
• John L. Grove Medical Center, 50 Eastern Ave., Greencastle, Pa.
• Chambersburg Hospital, 112 N. Seventh St., Chambersburg
At the sleep centers, technologists can perform sleep studies to measure changes in people’s bodies during sleep. Such studies are commonly used when people are experiencing insomnia, snoring, excessive daytime sleepiness, leg jerking during sleep and hypertension.
For more information, call 717-267-7162 or go to www.summithealth.org/sleep.
FREDERICK, Md. — The CareFirst Frederick District office will have a new address effective Tuesday, Aug. 21.
The office is relocating to 2504 Whittier Drive, Suite 100, in Frederick. The office will be closed from noon Aug. 20 to 10 a.m. Aug. 21 to make the move.
Phone numbers remain the same: 301-663-3138 and 866-605-0269.
Office hours remain the same: Monday to Friday, 8:30 a.m. to 4:30 p.m.
Franklin Financial Services Corp.
CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust Co., reported earnings of $1,906,000 for the quarter ended June 30, 2012.
When compared to earnings of $1,758,000 for the second quarter of 2011, net income grew by 8.4 percent. Net income for the first six months of 2012 was $3,275,000, compared with $3,608,000 for the same period in 2011, a decline of 9.2 percent.
On a per-share basis, diluted earnings were $0.47 for the quarter ended June 30, 2012, and $0.81 for the first six months of 2012, compared to $0.45 and $0.92 for the same periods in 2011.
William E. Snell Jr., president and chief executive officer, said average commercial loan outstandings increased 3.3 percent, but that growth was offset by an 11.4 percent decline in average consumer loan outstandings. Average deposit and repurchase agreement balances were up 7.7 percent from a year earlier.
Total assets at June 30, 2012, reached a record $1.057 billion, an increase of 5 percent over total assets of $1.007 billion at June 30, 2011. Total deposits and repurchase agreements grew 5.5 percent to $908 million, while net loans remained relatively flat from totals a year earlier at $760 million. The market value of trust assets under management was $504 million on June 30, 2012, representing a 1 percent decrease from a year earlier.
In addition, the board of directors of Franklin Financial Services Corp. recently declared a $0.17 per share regular cash dividend for the third quarter of 2012.
This compares to a regular quarterly cash dividend of $0.17 paid in the second quarter of 2012 and a $0.27 per-share quarterly cash dividend in the third quarter of 2011. The quarterly dividend of $0.17 per share for the third quarter 2012 represents a 5.1 percent dividend yield based upon the closing price on July 25 of $13.45 per share.
Total regular cash dividends paid during the first three quarters of 2012 will be $0.61 per share, compared to $0.81 per share paid during the same period in 2011. The third-quarter cash dividend will be paid Aug. 22 to shareholders of record at the close of business on Aug. 10.