The Board of Directors of Franklin Financial Services Corporation declared a $.26 per share regular cash dividend for the fourth quarter of 2003. This represents an 8.3% increase over the $.24 per share cash dividend for the fourth quarter of 2002.

Total regular cash dividends paid during 2003 will be $1.02 per share, compared to $.94 per share paid during 2002, an increase of 8.5%. The fourth quarter cash dividend will be paid on November 28, 2003 to shareholders of record at the close of business on November 7.

Franklin Financial is the largest independent, locally owned and operated bank holding company in Franklin County with assets of approximately $550 million. Its wholly-owned subsidiary, F&M Trust Company, has fifteen community banking offices located throughout Cumberland and Franklin Counties in Boiling Springs, Carlisle, Chambersburg, Mont Alto, Marion, Newville, Shippensburg and Waynesboro.