Management ChangeApr 23, 2026, 04:22 PM
Franklin Financial Promotes Charles Carroll to President & COO
AI Summary
Franklin Financial Services Corporation announced the promotion of Charles B. Carroll, Jr. to President of the Corporation and President and Chief Operating Officer of its subsidiary bank, effective April 28, 2026. Mr. Carroll will also join the Bank's Board of Directors. Current CEO Craig W. Best will retain his CEO role and board positions, ensuring leadership continuity. In connection with his promotion, Mr. Carroll will receive $60,000 in restricted stock and an increase in his annual performance-based restricted stock grant percentage.
Key Highlights
- Charles B. Carroll, Jr. promoted to President & COO, effective April 28, 2026.
- Carroll appointed to Bank's Board of Directors, effective April 28, 2026.
- Awarded $60,000 in restricted stock, vesting over three years.
- Performance-based restricted stock grant percentage increased from 15% to 20% (threshold).