Community News 

Mercersburg Financial Corporation Announces 4th 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 January 25, 2016, payable on January 29, 2016.

President and Chief Executive Officer Robert J. Fignar, CFP, stated, “First Community Bank of Mercersburg experienced a 7.84% growth in loans outstanding in 2015.  In a very competitive loan market, I appreciate any referrals.” 

Loan delinquency is well controlled at 0.45%, and the ratio of Allowance for Loan Losses to Loans was 1.01%.  The Tier One Leverage ratio improved to an estimated 12.04% from 10.90% a year earlier.” 

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

 

Senior Operations Officer Michele Ford Named Leadership Franklin County Alumni Chair

Michele Ford, Senior Operations Officer

Leadership Franklin County welcomes Michele Ford as she steps in to the role of Alumni Chair for LFC.  Michele is the Senior Operations Officer for First Community Bank of Mercersburg and is a LFC alumni from the class of 2010.  She stays very active in the community serving on the LFC Community steering committee for the past 6 year, participating in running clubs, and most importantly supporting her biggest passion, her daughter Madison.    

Her goals for the Alumni Committee are to increase engagement with the LFC Alumni to allow all alumni to continue to work together to grow their community leadership skills, raise funds each year to support the LFC Community Alumni scholarship, and help alumni connect with needs in the community.

 

Facebook users are being targeted by scammers offering "Christmas Bonuses".

Scam:  Facebook Christmas Bonus

Who Is It Targeting:  Facebook Users

What Is It: Facebook users are receiving messages from individuals from their contact lists about winning a Christmas Bonus from Facebook.  The messages are actually coming from the cloned accounts of friends and state that the individual has one a Facebook Christmas Bonus Giveaway.  The target is then directed to contact a "Facebook Agent" who will message that the winning is a random contest sponsored by Powerball. The scammers will then ask for personal information in order to deliver the winnings.  They may also ask for a small "transfer fee" to transfer the money into the target's account. Needless to say, once the money or personal information has been given, the scammers disappear and do not award the "bonus". 

What Are They After: Personal Information and/or Direct Payment

How Can You Avoid It: If you receive a Facebook message stating that you have won something, chances are it is a scam. Especially, if you have not entered any contest.  Scammers are using cloned profiles from your friend list in order to gain trust so even if the message comes from a "friend" you should not trust it.  You can simply delete the message and inform your friend that their Facebook account has been hacked or cloned. If you have already given them your personal information, call the Identity Theft Resource Center at 888.400.5530 to see what steps you should take to protect yourself.

 

Employees Bring Holiday Cheer to Local Nursing Home Residents

Saturday, December 12th, First Community Bank of Mercersburg employees and their families visited residents of Brindle Estates to bring Holiday Cheer through Christmas Caroling.   

 Christmas Caroling

 

Senior Loan Officer Robert J. Moser presented Zane A. Miller Award by the Franklin County Area Development Corporation

Bob Moser Receives the Zane A. Miller Award

Robert J. Moser received this year’s Zane A. Miller Award, the highest recognition given by FCADC for his contributions to the growth and economic well-being of Franklin County, his moral character and his business, civic, and volunteer work.

"Robert has dedicated his adult life to community service and increasing the quality of life for Franklin County citizens," said L. Michael Ross, President of FCADC.

Moser has served the FCADC as a board member and long-time chairman of the loan review committee.  He is also active in the community, participating in organizations such as the Relay for Life in Greencastle, the Civitan Club, the Capitol Theatre Resource Committee, Memorial Square Fountain Restoration Committee and the Coyle Free Library, and also serves on the finance and pastor's parish committees for Edenville United Methodist Church.

Moser attributes his success to the support his wife of 37 years, Pat, and his two daughters, Tara and Shana.

"I'm just overwhelmed and to receive this prestigious award for doing the things that I love to do is just amazing," said Moser.

 

Mercersburg Financial Corporation Announces 3rd 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 26, 2015, payable on October 30, 2015.

According to President and Chief Executive Officer Robert J. Fignar, CFP, “Earnings as measured by core operations have improved as a result of overhead control and loan growth. Increases in technology and regulatory costs, combined with the continuation of tight interest rate margins have curtailed earnings growth.  We will continue to seek opportunities to expand our balance sheet with good quality loan growth for the remainder of 2015 and into the future.”

Mercersburg Financial Corporation’s consolidated YTD income was $757,360, which represents a 7.85% increase over the same period in 2014. Loan delinquency is well controlled at 0.70% and the ratio of Allowance for Loan Losses to Loans was 1.02%.  The Tier One Leverage ratio is estimated to measure 11.86%. 

President and CEO Robert Fignar along with Chairman of the Board Robert Hoffman announce changes to Boards of Directors of the Mercersburg Financial Corporation (MFC) and its wholly-owned subsidiary First Community Bank of Mercersburg (Bank).