Franklin Financial hires Chad Carroll as EVP and COO of F&M Trust

FRANKLIN FINANCIAL SERVICES CORP /PA/

Charles B. Carroll, age 50, joins from S&T Bank where he was EVP, Chief Administrative Officer.
Employment agreement effective Jan 3, 2023, initial 3-year term with automatic renewals.
Annual base salary of $292,500, plus discretionary bonus and club membership dues.
Severance: 2.5x salary lump sum after change-in-control termination; 2x-2.99x salary for other no-cause termination.
Role includes day-to-day bank operations and strategic planning reporting to CEO Tim Henry.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Charles (Chad) B. Carroll

Executive Vice President and Chief Operating Officer

FRAF · FRANKLIN FINANCIAL SERVICES CORP /PA/

Effective: 2023-01-03
Filed: January 5, 2023, 6:59 PM ET

On January 5, 2023, Farmers and Merchants Trust company of Chambersburg (the “Bank), the wholly owned subsidiary of Franklin Financial Services Corporation (the “Corporation”), announced the hiring of Charles (Chad) B. Carroll as Executive Vice President and Chief Operating Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Charles (Chad) B. Carroll was appointed as Executive Vice President and Chief Operating Officer at FRANKLIN FINANCIAL SERVICES CORP /PA/.

Action: hired
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On January 5, 2023, Farmers and Merchants Trust company of Chambersburg (the “Bank), the wholly owned subsidiary of Franklin Financial Services Corporation (the “Corporation”), announced the hiring of Charles (Chad) B. Carroll as Executive Vice President and Chief Operating Officer.

View on SEC.gov

FRANKLIN FINANCIAL SERVICES CORP /PA/ filing history →

Source: SEC EDGAR

accession 0000723646-23-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.