Franklin Financial Services Corp.
CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust, reported earnings of $1,747,000 for the quarter ended Sept. 30, compared to earnings of $1,059,000 for the quarter ended Sept. 30, 2011.
Net income for the first nine months of 2012 was $5,021,000, compared to $4,667,000 for the same period in 2011, an increase of 7.6 percent.
Diluted earnings per share were $0.43 for the quarter and $1.24 for the first nine months of 2012. This compares to $0.27 and $1.18 for the same periods in 2011.
Total assets were $1.06 billion at Sept. 30, 2012, growing by 6.1 percent compared to assets on Sept. 30, 2011. Total deposits and repurchase agreements grew 7.2 percent, while net loans were down 2 percent over totals a year earlier. The market value of trust assets under management increased 5.2 percent to $511.1 million at Sept. 30, 2012.
The board of directors of Franklin Financial Services Corp. declared a $0.17 per share regular cash dividend for the fourth quarter of 2012.
This compares to a regular quarterly cash dividend of $0.17 paid in the third quarter of 2012 and a $0.27 per share quarterly cash dividend in the fourth quarter of 2011. The quarterly dividend of $0.17 per share for the fourth quarter 2012 represents a 5.4 percent dividend yield based upon the closing price on Oct. 25 of $14.40 per share.
Total regular cash dividends paid during 2012 will be $0.78 per share, compared to $1.08 per share paid during 2011. The fourth-quarter cash dividend was to be paid Nov. 28 to shareholders of record at the close of business on Nov. 9.
The Uniform Store
WINCHESTER, Va. — The Uniform Store at 10 Weems Lane in Winchester recently expanded its location.
The expansion allowed an increase in its hospitality, chef, casual Friday and shoe inventory.
Brand lines carried include Edwards, SanMar, Uncommon Threads, Chef Works, Klogs USA, Dansko and Alegria.
The store continues to carry name-brand medical scrubs and lab coats for men and women.
The Uniform Store has increased its inventory and floor space by one-third to meet customer demands. Chef, wait staff and hospitality uniforms and aprons are available in a variety of styles, designs and colors for men and women with the added option of embroidered personalization.
For more information, go to www.uniformstoreonline.com.
101.5 Bob Rocks
BALTIMORE — On Nov. 13, 101.5 Bob Rocks received the Ed Duggan Community Champion Award for Media Partner of the Year from the National MS Society, Maryland Chapter.
The award was presented by chapter President Mark Roeder during the Maryland Chapter’s annual Research Symposium and Volunteer Awards at Martin’s West.
After Julie Koehrer was diagnosed with MS in 2010, the midday DJ at Hagerstown-area radio station 101.5 Bob Rocks responded by learning everything about the disease and deciding to fight it head-on. Koehrer, also known by her station name, Ginger Bob, soon had her colleagues and Bob Rocks listeners involved.
Along with other stations owned by Verstandig Broadcasting, Koehrer and the Bob Rocks team have raised nearly $40,000 in two years for Walk MS in Hagerstown. In addition, the station has assisted in raising awareness in 20- and 30-something listeners by not only running public service announcements, but hosting fundraisers like crab feeds and motorcycle rides.
Business Briefs - Dec. 2
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