Chambersburg-based F&M Trust, an independent community bank, recently promoted Senior Executive Vice President Chad Carroll to president and chief operating officer, effective Tuesday. He also will become a member of the board of directors.
Carroll joined the company in 2023 as executive vice president and chief operating officer and was promoted to senior executive vice president in January. In his new role, he will execute the bank’s strategic plan, be actively involved in supporting its continued growth, oversee day-to-day operations, and work closely with leadership and administration.
“Chad has demonstrated exceptional leadership, strategic vision, and a deep commitment to our customers, employees, and communities,” Craig Best, F&M Trust CEO, said. “Since joining F&M Trust, he has played an important role in advancing our strategic priorities and strengthening our organization. I am pleased to see him assume the role of President and look forward to continuing to work alongside him.”
“Chad Carroll has been a key contributor to the success and milestones that are being achieved at the bank,” G. Warren Elliott, Franklin Financial Services Corporation and F&M Trust chairman, said.
F&M Trust is a subsidiary of Franklin Financial Services Corp. F&M Trust operates 23 community-banking locations in Cumberland, Dauphin, Franklin, Fulton, and Huntingdon counties and one Maryland county. It has $2.2 billion in assets.