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: December 1, 2023

FRANKLIN FINANCIAL SERVICES CORPORATION

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

Pennsylvania	001-38884	25-1440803
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1500 Nitterhouse Drive, 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of class	Symbol	Name of exchange on which registered
Common stock	FRAF	Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ¨

‎

Item 7.01 Regulations FD Disclosure

On December 1, 2023, Franklin Financial Services Corporation (the “Corporation”) released its 2023 Community Impact Report.  The report is posted on the Corporation’s website. The report is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure.

Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities and under that Section and shall not be deemed to be incorporated by reference into any filing of Franklin Financial Services Corporation under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits. The following exhibits are filed herewith:

Number Description  

99.1 Community Impact Report, dated December 1, 2023 of Franklin Financial Services

104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

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/ Timothy G. Henry

Timothy G. Henry

President and Chief Executive Officer

Dated: December 1, 2023

EX-99.1

F&M TRUST IS COMMITTED TO IMPROVING THE LIVES OF EVERYONE IN THE COMMUNITIES WE SERVERFranklin Financial Services CorporationF&M TRUSTMore than 250 F&M Trust employees planted 500 trees and shrubs as part ofKeystone 10 Million Trees Partnership.Commi

tment to Community

Commitment to Being Here for YouSince its founding in 1906, F&M Trust has been actively engaged in the communities it serves. The bank takes seriously its role as a valued partner with individuals, businesses, schools, and service organizations. F&M Trust is focused on creating positive social impact.Among the organizations we support are those that provide educational opportunities through scholarship programs; focus on the economic development of South Central Pennsylvania and Washington County, Maryland; revitalize and stabilize underserved or distressedcommunities; and acquire, preserve, and protect local land and natural resources.F&M Trust is committed to improving the lives of residents in the communities we serve. Bank employees annually contribute more than 1,500 volunteer service hours to local organizations, and dozens of employees hold positions of leadership in community groups and serve on the boards of directors for local nonprofit agencies. Additionally, the bank donates an average of at least $500,000 across our regional footprint, including more than S 100.000 for student scholarships through Pennsylvania's BTC program.Through these efforts, F&M Trust continues to be a respected community steward. Many of the organizations we support are included on the next several pages.F&M Trustt is committed to remaining independent and growing the bank to meet the increasing financial needs of out employees, customers communities and shareholders Our employees are critical to achieving this vision. fostering and maintaining a strong, healthy culture is a key strategic locus Out mitten and shared cote values of integrity, excellence, accountability, team wort and concern for our customers and communities reflect who we are collectively and guide our employees in their interactions with all whom they encounter We consider the future when making decisions and collaborate to achieve the goals and results set forth In the hank's strategic plan.Mission StatementDelivering the right financial solutions from people you know and trustTimothy G. HenryPresident & CEOVisionWe are committed to remaining independent by growing our bank to meet the increasing needs of our employees, customers, communities, and shareholders.We strive to be a financial services leader in the markets we serve.Core valuesThe employees, officers, and directors are committed to the core values of integrity, teamwork, excellence, accountability, and concern from our custgomers and the communiites we serve.2

Commitment to The Cultural ArtsThe communities we serve include a vibrant and varied collection of cultural arts. From theater and dance to music and visual arts, F&M Trust contributes resources to help strengthen and preserve these valuable assets. Over the years, we have been honored to be able to contribute time, talent, and donations to:Arts Alliance of Greater Waynesboro Capitol TheatreCentral Pennsylvania Youth Ballet Chambersburg Council for the Arts Cumberland Valley School of Music H. Ric Luhrs Performing Arts Center The Chambersburg Ballet Waynesboro Community Concert Association Waynesboro TheatreSPOTLIGHT ON FRANKLIN COUNTYTotem Pole PlayhouseCommunity theater brings joy to what can sometimes to be a heavy world.As a financial supporter of Totem Pole Playouse, F&M Trust knows the entertainment provided there for decades has brought countless smiles to faces in the audience.The bank has long been a supporter of the summer theater series at Caledonia State Park and serves as the sponsor of each season’s family oriented production, which recently included “The Sound of Music” and “Annie.”F&M TRUST COMMITMENT TO COMMUNITY3

Commitment to Education & GrowthBecoming positive influences on our communities starts early in life. F&M Trust is a strong believer in supporting educational opportunities during every life stage - helping community members become as personally and professionally successful as possible. The bank is pleased to support:Cumberland Valley Christian School Dickinson CollegeFranklin County Career & Technology Center Franklin County Literacy Council Greencastle-Antrim Education Foundation Hagerstown Community College Foundation Montessori Academy of Chambersburg Penn State University Saint Andrew Catholic School Saint Catherine Labouré School Shalom Christian Academy Wilson CollegeCareer & Technology CenterStudents at the Huntingdon County Career & Technology Center are learning the necessary skills to prepare for a variety of careers, including automotive mechanics, cosmetology, health occupations, and welding.As a result of a donation from F&M Trust, 18 HCCTC students were able to purchase equipment and supplies required for their secondary programs and pay certification exam fees.The contribution was made as part of the Educational Improvement Tax Credit program through which the bank annually provides more than $100,000 in scholarships to students across South Central Pennsylvania.F&M TRUST COMMITMENT TO COMMUNITY4

Commitment to Economic DevelopmentF&M Trust embraces the hard work that regional economic organizations do to provide stability and foster an environment that allows businesses and communities to thrive. As a proactive partner in progress, the bank is proud to contribute to:Associated Builders and Contractors of Cumberland ValleyCarlisle Chamber of CommerceCumberland Area Economic Development CorporationCumberland Valley Business AllianceDowntown Chambersburg, Inc.Franklin County Area Development Corporation Fulton County Chamber of Commerce & Tourism Greater Chambersburg Chamber of Commerce Greater Waynesboro Chamber of Commerce Greencastle-Antrim Chamber of Commerce Hagerstown/Washington County Chamber of Commerce Harrisburg Regional Chamber & Capital Region Economic Development CorporationHome Builders Association of Metro Harrisburg Lemoyne Business Association Shippensburg Area Chamber of Commerce Tuscarora Area Chamber of Commerce West Shore Chamber of CommerceCommunity Reclamation ProjectF&M Trust provides half of the financing for a $15 million dollar project in Lancaster to redevelop a distressed property and spur economic development and job creation.The 52-unit apartment building at the site of a former community store is designed to provide housing for people making less than 80% of the area’s median income.The development design includes a 6,700 square foot grocery/convenience store without a focus on fresh and healthy items, and a rooftop garden from the use of residents.F&M TRUST COMMITMENT TO COMMUNITY5

Commitment to Health & Human ServicesAs an independent community bank, F&M Trust has always understood that our purpose is not really about 'money'.We help people improve their lives. It takes a village, and we're doing our part to help these important initiatives:American Cancer Society Central PA Food Bank Fulton County Family Partnership Habitat for HumanityLeukemia & Lymphoma Society - Central PA Chapter Menno Haven Retirement Communities Franklin County Legal Services Occupational Services, Inc.Project Share Safe HarbourSpiriTrust Lutheran FoundationThe Salvation Army Harrisburg/Capital City RegionUnited Way of Carlisle & Cumberland CountyUnited Way of Franklin CountyUnited Way of Washington CountyVision Resources of Central PennsylvaniaWomen in NeedSPOTLIGHT ON ALL COMMUNITIESFighting Our No. 1 KillerHeart disease claims the life of someone in the Unites States every 33 seconds.F&M Trust has joined the fight against the country’s No. 1 killer, supporting the American heart Association in a variety of ways. The bank has sponsored the Capital Region Heart Ball, where Leaders of impoact are recognized for their fundraising efforts.The bank also installed automated external defibrillators (AEDs) in each of its 22 community offices for use in case a customer or employee should experience cardiac arrest, and provided hands free CPR training for employees.AND WE DON’T STOP THEREChristmas Coats for KidsHabitat for HumanityWomen in Need F&M TRUST COMMITMENT TO COMMUNITY6

Commitment to Youth & Family ProgramsThe investments we make in youth and family programs will yield immeasurable benefits. By being proactive through volunteering and financial support, we can encourage a new generation of community members to thrive and improve their quality of life. We are pleased to dependably support:Big Brothers Big Sisters of the Capital Region Bosler Memorial LibraryBoys and Girls Club of Chambersburg and ShippensburgCarlisle Family YMCAChambersburg Memorial YMCAConococheague InstituteCoyle Free LibraryFranklin County FairFredricksen LibraryFulton County FairGreater Waynesboro YMCAHuntingdon County FairJerome R. King Playground AssociationOver the Rainbow Children's Advocacy CenterRenfrew InstituteTeen Reach Adventure CampsSPOTLIGHT ON ALL COMMUNITIESCommunity LibrariesLibraries are more than just books and banks of computers; they are places where we gather to explore, interact, and imagine.Since 2016, F&M Trust has been a financial supporter of Bosler Memorial Library in Carlisle and the programs and services it provides to Cumberland County residents.The bank has sponsored SummerQuest, a reading series that was attended by 850 children, teens, and adult; Music at Bosler, a free monthly concert series; and Wi-Fi hotspots that could be checked out by residents without internet access. Women in NeedF&M TRUST COMMITMENT TO COMMUNITY7

Commitment to Public Safety & ServicesFrom our veterans who have given so much to the world in the past, to local first responders who are ready at a moment's notice today, F&M Trust is ready to be there for them. We are pleased to dedicate our time, talent, and financial support to those who are here to preserve and protect our communities:Carroll Township Police Department Central-PA Marine Associates Franklin County Veterans Affairs Greencastle Rescue Hose Company No. 1 LTQ Veteran Strong, Inc.Marion Volunteer Fire Company McConnellsburg Volunteer Fire Company Mont Alto Ambulance Company Mont Alto Volunteer Fire Company Needmore Volunteer Fire Company Orbisonia and Rockhill Volunteer Fire Company Shade Gap Area Volunteer Fire Company South Mountain Volunteer Fire Company VFW Post 1599Waynesboro Ambulance Squad Waynesboro Fire DepartmentSPOTLIGHT ON OUR HEROESArmy Heritage Center FoundationPreserving the memories of U.S. soldiers and their families, honoring their service, and education the public on their contributions to our nation’s history is a noble mission.As a member of the Business Leadership Council of The Army Heritage Center Foundation, F&M Trust supports the organization’s efforts to carry out that mission.Since 1999, the foundation in Carlisle has supported programs for teachers and students, both nationally and across Pennsylvania, and has grown veteran-focused programs that support fellowship and recognition.F&M TRUST COMMITMENT TO COMMUNITY8

BanktoberfestAnnual Commitment to Improving Our CommunitiesIn 2016, F&M Trust launched a bank-wide initiative that contributes to the health, safety, and well-being of the communities the bank serves and those who live there. Today, Banktoberfest has become a popular, effective event that our management, staff, and community members look forward to each year.On October 4,2023, more than 250 employees of F&M Trust spent the afternoon on a Shippensburg farm planting trees and shrubs as part of a conservation effort led by the Chesapeake Bay Foundation.The employees planted more than 500 trees and shrubs on three acres of farmland, creating a riparian buffer that will increase water quality and reduce pollution in the Chesapeake Bay watershed, which encompasses six states and 64,000 square miles, and is home to more than 18 million people and 3,000 species of plants and animals.'The true test of a community bank rs to find a means to make distinct and permanent improvements to the areas it serves. Our employees certainly met that challenge and more with this project that will last a lifetime,'’ said G. Warren Elliott, Chairman of the Board for Franklin Financial Services Corporation, the bank's holding company.The project was part of the ^ystone Î0 Million Trees Partnership, which is more than halfway to its goal of planting 10 million trees across Pennsylvania by 2025. WorkingCONTINUED >Chesapeake Bay Foundation“For us, BAnktoberfest is a significant positive for all our employees, their personal attachments to our communities, and the communities themselves.”Tim HenryPresident and CeOF&M Trust F&M TRUST COMMITMENT TO COMMUNITY 9

Banktoberfest > CONTINUED FROM PREVIOUS PAGE with the Chesapeake Bay Foundation, the partnership strives to create clean water, reduce erosion, and stabilize the environment by planting trees within 300 feet of streams and waterways in Pennsylvania's portion of the Chesapeake Bay watershed. The trees filter nutrients, sequester carbon, provide habitats, and make oxygen. *What we often don't think about is the positive effects that trees have on a community, economy, and the physical and mental health of our residents,1* said Joe Hallman a manager with the Keystone 10 Million Trees Partnership. 'By planting trees today, we can leave our communities a better place for our children and grandchildren* The planting marked F&M Trust's annual observance of Banktoberfest. Previous events have benefited food pantries in Harnsburg, Shippensburg, and Hagerstown, Maryland, and a youth foster care agency in Chambersburg. 'As a company that derives both its purpose and its profits from the communities we serve, it is important that we are always looking to give back in ways that strengthen our communities. Many times, we contribute through financial donations and *As a company that derives both its purpose and its profits from the communities we serve, it is important that we are always looking to give back in ways that strengthen our communities. Many times, we contribute through financial donations and investments, but other times we give back through the donation of our time and talents,“ said Tim Henry, President and CEO of F&M Trust For us, Banktoberfest is a significant positive for all our employees, their personal attachments to our communities, and the communities themselves.” F&M TRUST COMMITMENT TO COMMUNITY 10

WANT TO LEARN MORE ABOUT EVERYTHING WE DO? Call 1-88-264-6116, visit fmtrust.bank, or follow us on social media F&M TRUST COMMITMENT TO COMMUNITY 11

XML

Document And Entity Information	Dec. 01, 2023
Document And Entity Information [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 01, 2023
Entity Registrant Name	FRANKLIN FINANCIAL SERVICES CORPORATION
Entity Incorporation, State or Country Code	PA
Entity File Number	001-38884
Entity Tax Identification Number	25-1440803
Entity Address, Address Line One	1500 Nitterhouse Drive
Entity Address, City or Town	Chambersburg
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	17201
City Area Code	717
Local Phone Number	264-6116
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common stock
Trading Symbol	FRAF
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0000723646