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Franklin Financial Services Corp.
CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust, reported earnings of $7,612,000 for 2010, compared to 2009 earnings of $6,585,000, an increase of 15.6 percent. Net income for the quarter ended Dec. 31, 2010, was $1,676,000, representing a 4.9 percent decrease when compared to 2009 fourth-quarter earnings of $1,763,000.
On a per-share basis, diluted earnings were $0.43 and $1.96 for the quarter and 12 months in 2010, compared to $0.46 and $1.71 for the same periods in 2009.
"The high level of unemployment, increased loan delinquency, and low interest-rate environment inherent in the current recession created a challenging environment for financial institutions during 2010," said William E. Snell Jr., president and CEO.
Total assets were $951.9 million on Dec. 31, 2010, a 2.8 percent decline from assets on Dec. 31, 2009. Average net loans grew 6 percent to $744.0 million, and average deposits and repurchase agreements grew by 4.4 percent to $787.2 million.
Tower Bank
GREENCASTLE, Pa. — Tower Bank, a division of Graystone Tower Bank, recently presented CASA of Hagerstown with a $250 donation. The contribution was given as part of a holiday e-card initiative in which the bank sent customers e-cards and elected to donate the money typically spent on postage costs to a local charity.
CASA Inc. is a private, nonprofit organization that provides professional support services that promote physical and emotional safety, and foster growth for people involved in domestic violence or sexual assault.
Callas Contractors Inc.
Callas Contractors Inc. was awarded a Design/Build Contract by Newman Funeral Homes, PA for the construction of the new, approximately 28,000-square-foot Newman Funeral Home in Oakland, Md.
The project will begin in mid-March and is scheduled for completion in January 2012.
The architect for the project is Lakeside Architecture Inc./dba LAI Inc.
Con-way Freight
ANN ARBOR, Mich. — Con-way Freight, a less-than-truckload trucking company and subsidiary of Con-way Inc., has announced the nationwide deployment of SafeStack, an advanced-load management and cargo-protection system installed across its fleet of 16,800 freight trailers in North America.
The deployment represents the culmination of a strategic, nine-month multimillion-dollar investment in an adjustable decking and securing system that enables shipments to be handled more efficiently, travel more securely and gain increased protection against damage.
NeatGreets.com
NeatGreets.com, a new e-card website for kids, offers all kinds of greetings, including birthday, thank you, encouragement, friendship, apology and sympathy, plus invitations.
Neat Greets is the brainchild of Waynesboro, Pa., resident Kim Bain, an award-winning graphic artist and mom with more than two decades of design and advertising experience.
With the technical expertise and Web hosting of Kim Townsend of kimtown Studios, NeatGreets.com is a reality.
CHAMBERSBURG, Pa. — Franklin Financial Services Corp., the bank holding company of F&M Trust, reported earnings of $7,612,000 for 2010, compared to 2009 earnings of $6,585,000, an increase of 15.6 percent. Net income for the quarter ended Dec. 31, 2010, was $1,676,000, representing a 4.9 percent decrease when compared to 2009 fourth-quarter earnings of $1,763,000.
On a per-share basis, diluted earnings were $0.43 and $1.96 for the quarter and 12 months in 2010, compared to $0.46 and $1.71 for the same periods in 2009.
"The high level of unemployment, increased loan delinquency, and low interest-rate environment inherent in the current recession created a challenging environment for financial institutions during 2010," said William E. Snell Jr., president and CEO.
Total assets were $951.9 million on Dec. 31, 2010, a 2.8 percent decline from assets on Dec. 31, 2009. Average net loans grew 6 percent to $744.0 million, and average deposits and repurchase agreements grew by 4.4 percent to $787.2 million.
Tower Bank
GREENCASTLE, Pa. — Tower Bank, a division of Graystone Tower Bank, recently presented CASA of Hagerstown with a $250 donation. The contribution was given as part of a holiday e-card initiative in which the bank sent customers e-cards and elected to donate the money typically spent on postage costs to a local charity.
CASA Inc. is a private, nonprofit organization that provides professional support services that promote physical and emotional safety, and foster growth for people involved in domestic violence or sexual assault.
Callas Contractors Inc.
Callas Contractors Inc. was awarded a Design/Build Contract by Newman Funeral Homes, PA for the construction of the new, approximately 28,000-square-foot Newman Funeral Home in Oakland, Md.
The project will begin in mid-March and is scheduled for completion in January 2012.
The architect for the project is Lakeside Architecture Inc./dba LAI Inc.
Con-way Freight
ANN ARBOR, Mich. — Con-way Freight, a less-than-truckload trucking company and subsidiary of Con-way Inc., has announced the nationwide deployment of SafeStack, an advanced-load management and cargo-protection system installed across its fleet of 16,800 freight trailers in North America.
The deployment represents the culmination of a strategic, nine-month multimillion-dollar investment in an adjustable decking and securing system that enables shipments to be handled more efficiently, travel more securely and gain increased protection against damage.
NeatGreets.com
NeatGreets.com, a new e-card website for kids, offers all kinds of greetings, including birthday, thank you, encouragement, friendship, apology and sympathy, plus invitations.
Neat Greets is the brainchild of Waynesboro, Pa., resident Kim Bain, an award-winning graphic artist and mom with more than two decades of design and advertising experience.
With the technical expertise and Web hosting of Kim Townsend of kimtown Studios, NeatGreets.com is a reality.
