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).

 

The following changes were announced to the MFC and Bank Boards of Directors:

 

  • Michael A. Starr was elected to the MFC Board effective 1.14.15. Mr. Starr has served on the Bank Board since January 2014. He is the founder/owner of Starr Insurance in Chambersburg.
  • Kevin L. Schoenberger was elected to the Bank Board effective 1.28.15.  He is the owner of York Beverage, Inc. located in Hanover, PA.  Mr. Schoenberger was born and raised in Chambersburg,  and has resided in Mercersburg since 1998.  
  • Marelin K. Sites has retired from the MFC and Bank Boards effective 12.31.14.  Ms Sites was a member of the Bank and MFC Boards since 1989, and past President and CEO of both entities, and served the company for over 40 years.
  • Edwin M. Hawbaker has retired from the MFC and Bank Boards effective 12.31.14.  Mr. Hawbaker was a member of the Bank Board since 1998 and the MFC Board since 2003.    

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman with retirees Edwin M. Hawbaker and Marelin K. Sites.

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman with retirees Edwin M. Hawbaker and Marelin K. Sites. 

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman welcome Michael Starr to the Mercersburg Financial Corporation Board of Directors.

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman welcome Michael Starr to the Mercersburg Financial Corporation Board of Directors.

 

Chairman of the Board of Directors Robert Hoffman and President  & CEO Robert Fignar welcome Kevin Schoenberger to the First Community Bank of Mercersburg Board of Directors.

Chairman of the Board of Directors Robert Hoffman and President  & CEO Robert Fignar welcome Kevin Schoenberger to the First Community Bank of Mercersburg Board of Directors.

 

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 20, 2015, payable on January 30, 2015.

President and Chief Executive Officer Robert J. Fignar, CFP, stated, “The Bank has performed well given the continuation of the depressed interest rate environment and has structured its balance sheet for a rising rate environment.” 

“Consolidated year-to-date income for 2014 represented a 2.58% decrease over the same period in 2013 and represents $1.35 earnings per share. Loan delinquency is controlled at 0.54%, and the ratio of Allowance for Loan Losses to Loans was 1.29%, which is consistent with our peers.  The Tier One Leverage ratio continues to rise, and measured 10.90%, which is improved from 10.35% from the same period in 2013.”

 

Community News 

The First National Bank of Mercersburg becomes First Community Bank of Mercersburg Effective December 15, 2014.

On May 14 2014, The First National Bank of Mercersburg applied with Pennsylvania Department of Banking and Securities to convert from a national banking association to a state chartered non-member institution. We received notification on September 29, 2014 that the application was approved, and on December 15, 2014 we became First Community Bank of Mercersburg.

 

 President and CEO Robert Fignar Awarded Business Person of the Year 

 

President and CEO Robert Fignar was awared TACC Business Person of the Year April 1, 2014, at the Annual Tuscarora Area Chamber of Commerce Dinner.  Robert Fignar's contribution to the community and hard work for The First National Bank of Mercersburg were recognized in a beautiful slide show presented by Chairman of the Board of Directors of The First National Bank of Mercersburg. 

 Picture of Robert Fignar receiving Business Person of the Year award

 

 

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

 

The following changes were announced to the MFC and Bank Boards of Directors: 

  • Michael A. Starr was elected to the Bank Board effective 1.8.14.  Mr. Starr, a lifelong resident of Chambersburg, is founder/owner of Starr Insurance in Chambersburg.
  • James S. Junkin was elected to the MFC Board effective 1.8.14.  Mr. Junkin has served on the Bank Board since January 2013.  He is a co-owner of Junbro Farm LLC in Willow Hill, PA.
  • J. Elwood Rockwell retired from the MFC and Bank Boards effective 12.31.13 and was elected Director Emeritus.  Mr. Rockwell has served on the Bank Board since 1985 and the MFC Board since1987. He is the founder of Rockwell Construction in Mercersburg.
  • Jane E. Hoover retired from the MFC and Bank Boards effective 10.31.13.  Ms Hoover had served on the Bank Board since 1996 and the MFC Board since 2003.  She was the owner of Jane's Market in Mercersburg.

J. Elwood Rockwell with a plaque honoring him for his years of service 

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman present J. Elwood Rockwell with a plaque honoring him for his years of service.

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman welcome James Junkin to the Mercersburg Financial Corporation Board of Directors. 

President & CEO Robert Fignar and Chairman of the Board of Directors Robert Hoffman welcome James Junkin to the Mercersburg Financial Corporation Board of Directors.

Chairman of the Board of Directors Robert Hoffman and President & CEO Robert Fignar welcome Michael Starr to the First National Bank of Mercersburg Board of Directors.

Chairman of the Board of Directors Robert Hoffman and President & CEO Robert Fignar welcome Michael Starr to the First National Bank of Mercersburg Board of Directors.

 

The First National Bank of Mercersburg makes a donation to the Mercersburg Area Veterans' Memorial

Robert Fignar, President of The First National Bank of Mercersburg, presents a $5,000 donation to Barb McLaren, Commander, and Dale Thatcher, Chairman of the Mercersburg Area Veterans Memorial Committee, American Legion Post 517 of Mercersburg.  This donation will assist in the funding, construction, and site preparation of a Mercersburg Area Veterans’ Memorial to be placed along Keefer Dr, Mercersburg, to honor all area veterans who have served in the defense of America’s Freedom.  A formal dedication ceremony of the Veterans’ Memorial is being planned and will be held at 11:00 A.M., Nov 11, 2013 (Veterans’ Day) at the site of the memorial along Keefer Drive, Mercersburg.

Members of the committee are pictured in the background and include:  Henry Steiger, Tim Rockwell, Dave McLucas, Wayne Hamil, William Sanders, and  J. Elwood Rockwell.

Robert Fignar, President of The First National Bank of Mercersburg, presents a $5,000 donation to Barb McLaren, Commander, and Dale Thatcher, Chairman of the Mercersburg Area Veterans Memorial Committee, American Legion Post 517 of Mercersburg.

Old Home Week 2013

"Ding, Ding, Ding Went the Trolley." Old Home Week has been a valued tradition to the town of Greencastle for over a century.  Once again this year, the First National Bank of Mercersburg was honored with the opportunity to participate.  On Thursday, August 16th, we welcomed residents to our Greencastle branch for free lemonade and popcorn.  A trolley like the historic trolley transported the patrons of Greencastle arrived at the branch and guests were invited to a presentations about the history of the trolley line. A drawing was held for a print of Mark Twain Noe's painting of the trolley on the Greencastle Square.  We ended the day riding the trolley through the streets of Greencastle in the Old Home Week Parade.

 Old Home 2013 Picture of The First National Bank of Mercersburg

Old Home 2013

Old Home 2013 Photo of The First National Employees with the Trolley