On December 17, 2020, Donald A. Fry, a Class C Director, announced his retirement from the Boards of Directors of Franklin Financial Services Corporation and Farmers and Merchants Trust Company of Chambersburg the Corporation’s wholly-owned subsidiary, to be effective at the Corporation’s 2021 Annual Meeting of Shareholders. Mr. Fry has served as a member of the Corporation’s and the Bank’s Boards of Directors since 1998.