Pennsylvania-based F&M Trust, an independent community bank, recently promoted Senior Executive Vice President Chad Carroll to president and chief operating officer, effective today. He also becomes a member of the F&M Trust board of directors.
Carroll joined the bank as executive vice president and chief operating officer in 2023 and was promoted to senior executive vice president in January.
“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 Corp. and F&M Trust boards of directors chairman, said. “I am excited about the opportunity to work with him as our next president.”
Carroll will continuing to oversee day-to-day operations and be actively involved in executing the bank’s strategic plan, supporting its growth and serving the best interests of the bank’s shareholders, customers, employees and communities.
“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.”
F&M Trust is a subsidiary of Franklin Financial Services Corp. It operates 23 community-banking locations in two states and has $2.2 billion in assets.