**Franklin Financial Services CEO Timothy G. Henry Announces Retirement** **

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FRANKLIN FINANCIAL SERVICES CORPORATION announced in a recent 8-K filing the impending retirement of its President and Chief Executive Officer, Timothy G. Henry. The retirement of Henry, who also holds the same positions at the company’s wholly-owned subsidiary Farmers and Merchants Trust Company of Chambersburg, is set to be effective on April 29, 2025.

To accommodate this change, the board of directors has initiated the process of identifying Henry’s successor through the establishment of a succession and search committee. This succession planning aims to ensure a smooth transition in leadership.

The Form 8-K filing under Item 9.01 also included details on financial statements and exhibits. It mentioned that the Company has filed the cover page from the current report on Form 8-K, which includes formatted Inline XBRL. The filing includes the necessary exhibit of the said report.

Mr. Henry expressed his decision to retire, noting his tenure and contributions to Franklin Financial Services Corporation and its subsidiary. This announcement signifies the end of his term after years of service to the organization.

Investors and stakeholders will be keen on the succession plan details and its implementation as the company prepares for this significant leadership change. The announcement of a new CEO will be of importance to ensure continuity and efficient operation within Franklin Financial Services Corporation and its subsidiary.

The specifics of the succession plan and any future developments in this regard will be eagerly awaited by industry observers and shareholders of Franklin Financial Services Corporation. Such transitions often mark crucial phases for companies, signifying changes in strategic direction and leadership styles that can influence the company’s performance and perception in the market.

As Franklin Financial Services Corporation navigates this period of transition, attention will be on the incoming CEO and the strategies they will implement moving forward. The market will be watching closely for updates on this process and the eventual appointment of Timothy G. Henry’s successor.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Franklin Financial Services’s 8K filing here.

Franklin Financial Services Company Profile

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.