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 23, 2018, payable on April 30, 2018.

President and Chief Executive Officer Robert J. Fignar, CFP, stated, “The primary objectives of the Bank in 2018 continue to be quality loan growth and deposit growth. We are off to a good start, with asset and deposit growth measuring annualized growth of 7.92% and 8.31%, respectively. While loan demand during the first quarter was slower than expected, we have loans in the pipeline that show great potential.”

Consolidated year-to-date income was $291,299, and represents a 10.57% increase over the same period in 2017. Loan delinquency is controlled at 0.58%, and the ratio of Allowance for Loan Losses to Loans was 1.07%. The estimated Tier One Leverage ratio measured 11.58% as compared to 11.49% in 2017.   

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become approximately 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.

 

Mercersburg Financial Corporation Holds 30th Annual Shareholders Meeting

The Board of Directors of Mercersburg Financial Corporation, parent company of First Community Bank of Mercersburg, held its 30th Annual Shareholders Meeting on March 27, 2018 at The American Legion Harry Lackhove Post 517 in Mercersburg.

Chairman William Sanders welcomed attendees and reminded them the primary purpose of the meeting was two-fold, one to elect three Class One Directors to serve a term of three years or until their successors are duly elected and qualified, and two, the ratification of selection of Accounting Firm for 2018, BDO USA, LLP. The Class One nominees elected for a three-year term were Larry L. Nair, Michael J. Rice and Michael A. Starr. 

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. “First Community Bank of Mercersburg had a successful year during 2017. Although it was a challenging year from the growth perspective, our balance sheet still experienced modest growth in all areas,” shared Fignar. “As we look to the future, our main objective for 2018 is to continue to grow earnings, maintain strong capital ratios and roll out new technology offerings that will benefit all of our customers.” 

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become approximately 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 Days – Three Dates and Locations for Your Convenience!

It’s no secret that cases of consumer fraud, stolen documents and identity theft are on the rise. Let us 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.

Friday, April 20, 2018 – 10 a.m. – 2 p.m. – First Community Bank of Mercersburg North End Office
454 Loudon Road, Mercersburg, PA – 717-328-5007 (Rain Date – Monday, April 23)

Moved to rain date - Monday, April 30, 2018 – 10 a.m. – 2 p.m. – First Community Bank of Mercersburg Greencastle Office
821 S. Washington Street, Greencastle, PA – 717-593-0949

Friday, May 4, 2018 – 10 a.m. – 2 p.m. – First Community Bank of Mercersburg Chambersburg Office
1680 Orchard Drive, Chambersburg, PA – 717-262-4243 (Rain Date – Monday, May 7)

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.

 

 

FCB presents donation to Franklin County Shelter for the Homeless

 

First Community Bank of Mercersburg Makes $15K Gift to Fulton County Medical Center Expansion Project 

McCONNELLSBURG, PA - When First Community Bank of Mercersburg officials visited Fulton County Medical Center for a tour and details on the current expansion project, they saw the importance it is making in the community. 

As a result, First Community Bank of Mercersburg pledged $15,000 to the Moving Forward: Center for Advanced Medicine Project (CAM) with the funds earmarked for the new Transitional Wellness area, formerly known as Cardiac Maintenance. 

“The tour really brought to light the various services that are being offered now and in the future and the impact they are making on the patients,” said Alexa Stoner, Marketing and Community Relations Manager. “We are delighted to assist with this project.” 

President and CEO Robert Fignar said, “As an independent community bank, First Community Bank of Mercersburg is committed to not only the financial well-being of our customers, but also to their physical well-being. This contribution allows us to provide resources to help the members of the communities we serve live long and fruitful lives.” 

Phase One of CAM opened in late October. It features an expanded area for Cardiology, Radiology and Respiratory, along with MacDonald’s Pharmacy on the main level. IV Infusion, Specialty Services, Fulton Family Practice and Behavioral Health are located on the second floor. 

Phases Two and Three, scheduled to open this spring, will feature expanded Lab and Therapy Areas, Express Care, a Café and the Transitional Wellness area. 

“First Community Bank of Mercersburg supported the initial building project in 2007 and we are grateful they have again made a gift to support the current project,” said Mike Straley, Executive Director of the Fulton County Medical Center Foundation. “Their willingness to support the funding of the Transitional Wellness area is important to the overall expansion project.”

 Press Release posted with permission from FCMC Foundation

 FCMC Check Presentation

 

 Glove and Mitten Collection Drive Underway at First Community Bank of Mercersburg

Pennsylvania winters usually pack a punch, and when cold weather hits, it hits hard - especially for those who are homeless or in transition. We all know how much colder the day and night can seem without gloves. For many, a single pair of gloves to protect their hands is a luxury they cannot afford, but you can help those in need stay warm this winter by joining forces with the First Community Bank of Mercersburg.

The First Community Bank of Mercersburg (FCB) is currently collecting new or gently used gloves and mittens through Friday, February 9, at all six of its community offices to help assist those in need. All gloves will be donated to the Franklin County Shelter for the Homeless located in Chambersburg.

Please stop by any of FCB’s six locations found throughout Franklin County (Main Office – 12 S. Main Street and North End Office – 454 Loudon Road in Mercersburg, Fort Loudon Office – 92 Path Valley Road, Greencastle Office – 821 S. Washington Street, Chambersburg Office – 1680 Orchard Drive and Scotland Office – 3141 Black Gap Road) and drop off new or gently used gloves and mittens. Together we can make a difference.

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become approximately 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.

  

FCB Thanks Community for Contributing to Hurricane Relief Efforts 

 
The First Community Bank of Mercersburg (FCB) is pleased to announce that a total of $2,000 was collected to help Hurricane Relief efforts in Texas, Florida and Puerto Rico and extends a sincere thank you to those who donated to help others in need. Monies collected were split evenly between the Hurricane Harvey Relief Fund, the Florida Disaster Fund and the United for Puerto Rico Fund to help assist people affected by these catastrophes.

“We know that financial donations to vetted organizations are among the most effective ways to contribute in the response to a natural disaster,” shared Bob Fignar, president and CEO of First Community Bank of Mercersburg. “During our fundraising drive this fall, members of the community and the employees of First Community Bank of Mercersburg graciously donated $1,000 to the Hurricane Relief Efforts. In the spirit of giving, our Bank matched that contribution. It is times like these that local communities come together and our true American spirit shines as we lend a helping hand to those that need it most.”

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become approximately 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.

  
Mercersburg Financial Corporation Announces Third 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 October 23, 2017, payable on October 31, 2017. 

“We have experienced conservative growth throughout 2017,” shared President and Chief Executive Officer Robert J. Fignar, CFP. “Operating ratios and asset quality indicate continued improvement, and capital levels and book value are indicative of the Board of Director’s focus on strength and stability.”

Consolidated year-to-date income was $870,084, and represents a 38% increase over the same period in 2016. Loan delinquency is controlled at .74%, and the ratio of Allowance for Loan Losses to Loans was 1.07%. The estimated Tier One Leverage ratio measured 11.61% as compared to 11.69% in 2016.  

First Community Bank of Mercersburg (FCB) is an independent community bank founded in 1909. Since its inception, FCB has grown to become approximately 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 Captures 1st Place in Adult-Organized Category at 2017 Mercersburg Halloween Parade

 

FCB employees participate in Mercersburg Halloween Parade with Flintstone-inspired float.

 

Alert - Equifax Data Breach

Cyber criminals have stolen data affecting 143 million Americans in a recent hacking scandal at the credit bureau Equifax. The Federal Trade Commission has published recommendations on their website in an article entitled "The Equifax Data Breach: What to Do" at https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do. At this point you have to assume that cyber criminals have highly personal information that they can use to trick you.

In general, you need to watch out for the following things:

  • Phishing emails that claim to be from Equifax where you can check if your data was compromised;
  • Phishing emails that claim there is a problem with a credit card, your credit record, or other personal financial information;
  • Calls from scammers that claim they are from Equifax, your bank or credit union; and
  • Fraudulent charges on any credit card or account because your identity was stolen.

For more information on preventing identity theft, visit the Federal Trade Commission’s website or FCB’s Security Center.

If you think you are a victim of identity theft, please contact us at any of our six office locations.