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F&M Trust among business journal’s Top 10
for asset managers, local deposits

F&M Trust, an independent community bank headquartered in Chambersburg, is listed among the top 10 asset managers in Central Pennsylvania, according to the Feb. 3 edition of the Central Penn Business Journal.

With more than $1 billion in assets under management, F&M Trust ranks ninth of 23 companies on the list of asset managers in or near Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry, or York Counties. The companies are ranked by assets under local management, which range from $450,000 to $13.5 billion.

F&M Trust offers corporate retirement plans, comprehensive wealth and investment management, financial planning, and full-range trustee services.

“This recognition is a reflection of the consistent, superior work of the talented professionals in Investment & Trust Services” said Scott Ehrig, Chief Investment & Trust Services Officer for F&M Trust. “I am incredibly proud of my colleagues’ commitment to excellence, which is reflected in their sharp customer focus and continual improvement of their technical acumen. Our success is no longer one of the best kept secrets in Central Pennsylvania.”  

F&M Trust also appears on the list of banks ranked by local deposits, occupying the 10th spot among 25 banks. F&M Trust had $1.6 billion in local deposits as of June 30, 2022. Local deposits for other banks on the list range from $311.5 million to $8.7 billion.

About F&M Trust: A subsidiary of Franklin Financial Services Corp., F&M Trust is an independent community bank headquartered in Chambersburg. With approximately $1.7 billion in assets, F&M Trust has 22 community-banking locations in Franklin, Cumberland, Fulton, and Huntingdon counties in Pennsylvania, and in Washington County, Maryland. Visit for more information.


Jack G “Digger” Mellott 1926-2024

Jack was a United States Navy Veteran serving at Pearl Harbor, Okinawa, Guam, and Nagasaki during WWII. Jack enjoyed working outside and maintaining his home and property.

David M Lawver 1970-2024

Dave was a member of the Foursquare Church in Gettysburg, PA. He was employed at Shadowfax in York since 1990.

Peter Kernan McCrary 1934-2024

Pete grew up in the Washington, DC area and had fond memories of learning to sail on the Potomac River. He was an avid sailor and boat builder for the rest of his life.

Ella G Daywalt 1929-2024

Ella was employed with the Waynesboro Area School District and worked in Mowrey Elementary as a cafeteria aide for many years.

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The Franklin County Free Press, established by Vicky Taylor in 2019, emerged as a beacon of local journalism for the residents of Franklin County. Under Vicky's leadership, it quickly became an essential source of news, particularly at a time when major newspaper publications were increasingly overlooking local coverage.

On January 1, 2022, the torch was passed to Nathan Neil and his firm, Neil Publishing, LLC. Neil, a local entrepreneur with multiple thriving businesses in Chambersburg, shares Vicky's fervent commitment to both the community and the world of local journalism.

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