8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)  January 14, 2011

FRANKLIN FINANCIAL SERVICES CORPORATION

(Exact name of registrant as specified in its new charter)

Pennsylvania	0-12126	25-1440803
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Indent. No.)

20 South Main Street, Chambersburg, PA	17201
(Address of principal executive office)	(Zip Code)

Registrant's telephone number, including area code                     (717) 264-6116

N/A

(Former name or former address, if changes since last report)

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a –12 under the Exchange Act (17 CFR 240.14a –12)

o   Pre-commencement communications pursuant to Rule 14d – 2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   Pre-commencement communications pursuant to Rule 13e – 4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01  Other Events.

The news release of Franklin Financial Services Corporation, dated January 14, 2011  and attached as Exhibit 99.1, announces a $.27 per share regular cash dividend for the first quarter of 2011 and is incorporated by reference herein.

Item 9.01  Financial Statements and Exhibits.

(c)  Exhibits.

The following exhibits are filed herewith:

Number                              Description

    99 ..1                         Press Release, dated January 14, 2011, of Franklin Financial Services Corporation

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FRANKLIN FINANCIAL SERVICES CORPORATION
By:	/s/ William E. Snell, Jr.
	William E. Snell, Jr., President and Chief Executive Officer

Dated: January 14, 2011

EX-99.1

Exhibit 99.1

January 14, 2011

Franklin Financial announces 1st Quarter dividend

(CHAMBERSBURG, PA) The Board of Directors of Franklin Financial Services Corporation declared a $.27 per share regular quarterly dividend for the first quarter of 2011.  The first quarter 2011 cash dividend was the same as the regular quarterly cash dividend paid in the first quarter of 2010.

The regular quarterly cash dividend will be paid on February 23, 2011 to shareholders of record at the close of business on February 4, 2011.

Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County.  Its wholly-owned subsidiary, F&M Trust Company, has twenty-five community banking offices located in Boiling Springs, Camp Hill, Carlisle, Chambersburg, Greencastle, Hustontown, McConnellsburg, Mont Alto, Marion, Newville, Orbisonia, Shippensburg, St. Thomas and Waynesboro. Franklin Financial stock is listed on the over-the-counter market under the symbol FRAF.