0001144204-12-024062.txt : 20120426 0001144204-12-024062.hdr.sgml : 20120426 20120426162729 ACCESSION NUMBER: 0001144204-12-024062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120426 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120426 DATE AS OF CHANGE: 20120426 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN FINANCIAL SERVICES CORP /PA/ CENTRAL INDEX KEY: 0000723646 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 251440803 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12126 FILM NUMBER: 12783859 BUSINESS ADDRESS: STREET 1: 20 S MAIN ST STREET 2: P O BOX 6010 CITY: CHAMBERSBURG STATE: PA ZIP: 17201-0819 BUSINESS PHONE: 7172646116 MAIL ADDRESS: STREET 1: 20 SOUTH MAIN ST STREET 2: PO BOX 6010 CITY: CHAMBERSBURG STATE: PA ZIP: 17201-0819 8-K 1 v310829_8k.htm 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) April 26, 2012

FRANKLIN FINANCIAL SERVICES CORPORATION

(Exact name of registrant as specified in its 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:

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

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

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

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 April 26, 2012 and attached as Exhibit 99.1, announces a $.17 per share regular cash dividend for the second quarter of 2012 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

The following exhibits are filed herewith:

Number	Description

99.1	News Release, dated April 26, 2012 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: April 26, 2012

EX-99.1 2 v310829_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

Franklin Financial announces 2^nd quarterly dividend

(CHAMBERSBURG, PA) The Board of Directors of Franklin Financial Services Corporation declared a $.17 per share regular quarterly dividend for the second quarter of 2012. This compares to a regular quarterly cash dividend of $.27 paid in the second quarter of 2011.

“Our previous regular quarterly dividend payout of $.27 per share has exceeded 60% of Net Income for the past several quarters,” William E. Snell, Jr., President and CEO, told shareholders at the FFSC Annual Shareholders Meeting. “In light of the uncertain economic and regulatory environment, the board determined that it would be prudent to reduce the dividend payout at this time. We believe that the decision is in the best interest of you – our shareholders and our company. Simply stated, we cannot continue to both grow the bank and sustain a 60% dividend payout ratio without adversely impacting our capital ratios at a time when ‘capital is king.’ We do not want to place ourselves in the position that we need to substantially raise additional capital and significantly dilute our shareholders.”

Snell added, “The quarterly dividend of $.17 per share represents a 4.4% dividend yield based upon the closing price on April 24 of $15.45 per share and, as a result, our dividend payout ratio remains in the upper end of our peer banking group range.”

Total regular cash dividends paid during the first two quarters of 2012 will be $.44 per share. The second quarter cash dividend will be paid on May 23, 2012 to shareholders of record at the close of business on May 10.

Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of over $1 billion. 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, Warfordsburg, and Waynesboro. Franklin Financial stock is listed on the over-the-counter market under the symbol FRAF.