The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Franklin Financial in Pa. hires banking veteran as next CEO

Franklin Financial Services in Chambersburg, Pa., has selected its next CEO.

The $2.2 billion-asset company disclosed in a regulatory filing that Craig Best had become its president. He will succeed the retiring Timothy Henry as CEO on April 29.

Best, who stepped down as CEO at Peoples Financial Services last month, will join Franklin’s board. He will receive a $523,000 annual salary and up to $50,000 in relocation expenses.

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