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 fmtrust.bank for more information.