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): October 31, 2012
FRANKLIN FINANCIAL SERVICES CORPORATION
(Exact name of registrant as specified in its charter)
Pennsylvania | 0-12126 | 25-144083 | ||
(State or other jurisdiction of incorporation) | (Commission file number) | (IRS employer ID) |
20 South Main Street, Chambersburg, Pennsylvania | 17201 | |
(Address of principal executive office) | (Zip Code) |
Registrant's telephone number, including area code – (717) 264-6116
N/A
(Former name, address and fiscal year, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
£ | 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 October 26, 2012 and attached as Exhibit 99.1, announces a $.17 per share regular cash dividend for the fourth quarter of 2012 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 | News Release, dated October 26, 2012 of Franklin Financial Services Corporation | |
Franklin Financial Services Corporation | |
/s/ William E. Snell, Jr. | |
William E. Snell, Jr., President and | |
Chief Executive Officer |
Dated: October 31, 2012
2 |
Exhibit 99.1
October 26, 2012
Franklin Financial announces regular 4th Quarter dividend
(CHAMBERSBURG, PA) The Board of Directors of Franklin Financial Services Corporation declared a $.17 per share regular cash dividend for the fourth quarter of 2012.
This compares to a regular quarterly cash dividend of $.17 paid in the third quarter of 2012 and a $.27 per share quarterly cash dividend in the fourth quarter of 2011. The quarterly dividend of $.17 per share for the fourth quarter 2012 represents a 5.4% dividend yield based upon the closing price on October 25 of $14.40 per share.
Total regular cash dividends paid during 2012 will be $.78 per share, compared to $1.08 per share paid during 2011. The fourth quarter cash dividend will be paid on November 28, 2012 to shareholders of record at the close of business on November 9.
Franklin Financial is the largest independent, locally owned and operated bank holding company headquartered in Franklin County with assets of approximately $1.06 billion. Its wholly-owned subsidiary, F&M Trust, has twenty-five community banking offices located throughout Cumberland, Franklin, Fulton, and Huntingdon Counties in Boiling Springs, Carlisle, Camp Hill, Chambersburg, Greencastle, Hustontown, Marion, McConnellsburg, Mont Alto, Newville, Orbisonia, Shippensburg, St. Thomas, Warfordsburg and Waynesboro. The bank will add to its community banking network in November when the Mechanicsburg Office opens its doors. Franklin Financial stock is listed on the over- the-counter market under the symbol FRAF (OTCQB: FRAF).