Community News 

Mercersburg Financial Corporation Announces First Quarter Dividend

 

The Board of Directors of Mercersburg Financial Corporation, parent company of First Community Bank of Mercersburg, declared a dividend of $0.14 per share to shareholders of record April 24, 2017, payable on April 28, 2017.

President and Chief Executive Officer Robert J. Fignar, CFP, stated, “The primary objectives of the Bank in 2017 continue to be quality loan growth and deposit growth. While loan demand during the first quarter was slower than expected, we have loans in the pipeline that show great potential. In addition, asset quality and balance sheet growth continue to trend in a favorable direction.”

Consolidated year-to-date income was $263,451, and represents a 12.8% increase over the same period in 2016. Loan delinquency is controlled at 1.26%, and the ratio of Allowance for Loan Losses to Loans was 1.05%. The estimated Tier One Leverage ratio measured 11.49% as compared to 11.88% in 2016. 

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become a $180 million bank with six convenient locations in the communities of Mercersburg, Fort Loudon, Greencastle, Chambersburg and Scotland. FCB is dedicated to offering services and products that meet the needs of its customers while providing a fair shareholder return and a strong commitment to the local communities in which it serves.

 

Free Community Shred Day on May 12 at First Community Bank of Mercersburg - Chambersburg Office

It’s no secret that cases of consumer fraud, stolen documents and identity theft are on the rise. Let the First Community Bank of Mercersburg help you safeguard your personal information. Bring your papers for on-site shredding and help protect your identity. All the paper shredded is destroyed in the safest and most secure way by Absolute Document Destruction.

“Shredding your important documents is a simple, effective way to protect yourself from identity fraud,” shared President and Chief Executive Officer Robert J. Fignar, CFP. “As your hometown community bank, we are pleased to provide this free service to our neighbors in our local communities.”

Join us for the free community shred day on Friday, May 12 from 11 a.m. to 3 p.m. at the First Community Bank of Mercersburg Chambersburg Office located at 1680 Orchard Drive, Chambersburg (Rain date is Friday, May 19). Please note there is a five (5) box per individual/company limit. Please do not bring 3-ring binders, binder clips or hanging files. Your cooperation will enable us to better serve everyone.


 

Mercersburg Financial Corporation Holds 29th Annual Shareholders Meeting

The Board of Directors of Mercersburg Financial Corporation, parent company of First Community Bank of Mercersburg, held its 29th Annual Stakeholders Meeting on March 28, 2017 at The American Legion Harry Lackhove Post 517 in Mercersburg.

Chairman Bob Hoffman welcomed attendees and reminded them the primary purpose of the meeting was to elect two Class Three Directors to serve a term of three years or until their successors are duly elected and qualified. The Class Three nominees elected for a three-year term were Robert H. Hoffman and James S. Junkin.

In addition to the director elections, attendees received an update on the financial status of the Bank by First Community Bank of Mercersburg President and CEO Robert J. Fignar, CFP. “While 2016 was a challenging year for the Bank, we continued to be successful in the growth of our loan portfolio and improving our asset quality,” shared Fignar. “As we look to the future, our main objective for 2017 is to continue to grow earnings, maintain strong capital ratios and roll out new technology offerings that will benefit all of our customers.”

Immediately following, the Board of Directors reconvened for their annual restructuring. Chairman Hoffman thanked the Board for their dedicated service and announced he will be stepping down from the chairman role. “It has been my honor to serve as Chairman of the Board for the past 16 years, and I continue to look forward to assisting the Board in making decisions that positively impact the future of the First Community Bank of Mercersburg,” shared Hoffman. The Board elected William “Bill” Sanders, Jr., CPA to serve as chairman. Sanders, a retired Colonel in the United States Marine Corps Reserve, is a manager with Rotz & Stonesifer, P.C. He is very active in the community and resides in Mercersburg with his wife, Amy. His term begins in April of 2017.

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become a $180 million bank with six convenient locations in the communities of Mercersburg, Fort Loudon, Greencastle, Chambersburg and Scotland. FCB is dedicated to offering services and products that meet the needs of its customers while providing a fair shareholder return and a strong commitment to the local communities in which it serves.

  

29th Annual Shareholders Meeting - 2017

 

 

Identity Theft and Fraud Prevention Tips Shared at Local Meetings

 

With cases of identity theft and fraud on the rise, one can never take too many precautions to be sure their personal information remains secure.

Employees of the First Community Bank of Mercersburg were pleased to share information on avoiding some of the biggest and fasting growing traps related to identity theft and fraud prevention at the annual Lioness Seminar and Mercersburg Rotary meeting held recently.

The Lioness Seminar is a meeting of all the Lioness clubs in District 14T including Waynesboro, Greencastle, Marysville, Lower Paxton and Buchanan. With 40 Lionesses in attendance, the members were very interested in the presentation and asked numerous thought-provoking questions on the subject. Buchanan Lioness Secretary Amy Hornbaker shared, “A hugethank you to the First Community Bank of Mercersburg, especially Lisa Ambrisco, Steph Cotton and Cherry Laye, for speaking at our meeting. I think everyone left with a lot of information on protecting themselves and what to look for in the future.”

At the Mercersburg Rotary meeting, 12 members in attendance had the chance to learn how an identity thief can use information to fraudulently apply for credit, get medical services or attempt to get tax refunds. The group learned several tips on protecting themselves, along with steps one should take if you become a victim of identity theft.

“We were happy to share this information with the community and hope attendees found a tip or two to help protect themselves from this growing epidemic,” stated Lisa Ambrisco, First Community Bank of Mercersburg regional office manager. “While all attendees were reminded that no one is immune from identity theft, they were also reassured that with proper advanced planning, you should be able to minimize the loss of both time and money.” 

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become a $180 million bank with six convenient locations in the communities of Mercersburg, Fort Loudon, Greencastle, Chambersburg and Scotland. FCB is dedicated to offering services and products that meet the needs of its customers while providing a fair shareholder return and a strong commitment to the local communities in which it serves.

 

 
First Community Bank of Mercersburg Share Identity Theft and Fraud Prevention Tips at Local Meetings

 

Mercersburg Financial Corporation Announces Fourth Quarter Dividend

The Board of Directors of Mercersburg Financial Corporation, parent company of First Community Bank of Mercersburg, declared a dividend of $0.14 per share to shareholders of record January 23, 2017, payable on January 31, 2017. 

“As part of our primary objectives for 2016, we were successful in the growth of our loan portfolio while continuing to focus on improving asset quality,” shared President and Chief Executive Officer Robert J. Fignar, CFP. “These objectives were met with First Community Bank of Mercersburg registering a 5.51% growth in loan balances and a reduction of Non-Performing Assets to Assets from 0.82% as of year-end 2015 to .13% as of year-end 2016.” 

In addition, Fignar stated, “Loan delinquency is controlled at 0.44%, and the ratio of Allowance for Loan Losses to Loans was 1.03%. We are optimistic about the future and look forward to a continuation of improvement in the economic environment. As a local community bank, we value our customers and continuously strive to strengthen relationships with those we serve.”  

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become a $175 million bank with six convenient locations in the communities of Mercersburg, Fort Loudon, Greencastle, Chambersburg and Scotland. FCB is dedicated to offering services and products that meet the needs of its customers while providing a fair shareholder return and a strong commitment to the local communities in which it serves.

 

 

Mercersburg Financial Corporation Announces Third Quarter Dividend
 

The Board or Directors of Mercersburg Financial Corporation, parent company of First Community Bank of Mercersburg, declared a dividend of $0.12 per share to shareholders of record October 24, 2016, payable on October 31, 2016. 

President and Chief Executive Officer Robert J. Fignar, CFP, stated, “We have experienced an increase in loan demand and loan balances have increased by approximately $6.8 million year to date.  We are experiencing steady growth throughout 2016 and continue to look to the future and a more normalized interest rate environment.”  

“Consolidated year-to-date income was $630,244, and represents a 16.78% decrease over the same period in 2015. Of significant importance is the increased provisioning to the Allowance for Loan Losses, which has increased by $320,000 in 2016 when compared to 2015. This includes two  significant losses resulting in the additional provisioning expense.  Loan delinquency is well controlled at 0.92%, and the ratio of Allowance for Loan Losses to Loans was 1.03%.  The Tier One Leverage ratio measured 11.69%.”    

First Community Bank of Mercersburg offers six convenient locations in the communities of Mercersburg, Fort Loudon, Greencastle, Chambersburg and Scotland.