Franklin Financial removes chairman term limits, declares Q1 dividend $0.33

FRANKLIN FINANCIAL SERVICES CORP /PA/

Removed Section 5.9 of bylaws, eliminating three-consecutive-term limit for Chairman of the Board effective Jan 15, 2026.
Declared $0.33 per share regular cash dividend for Q1 2026; payable Feb 25, 2026 to holders of record Feb 6, 2026.
Q1 2026 dividend unchanged from Q4 2025 but represents a 3.1% increase from Q1 2025's $0.32 per share.
Investor presentation shows FRAF stock returned +80% in 2025, outperforming Russell 2000 (+19.8%) and ABA bank index (+8.6%).
As of Sep 30, 2025, company had $2.3B assets, $1.9B deposits, $1.5B loans, and 23 branches.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

FRANKLIN FINANCIAL SERVICES CORP /PA/: Removed Section 5.9 of the bylaws, which had imposed term limits on the Chairman of the Board, restricting service to no more than three consecutive one-year terms, subject to waiver provisions (effective 2026-01-15).

Change: bylaw amendment
Effective: 2026-01-15

Exact text from the filing

On January 15, 2026, the Board of Directors of Franklin Financial Services Corporation (the “Corporation”) amended the bylaws of the Corporation by removing Section 5.9 of the bylaws in its entirety.

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Source: SEC EDGAR

accession 0000723646-26-000005

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