F&M Trust donates $50,000 to Hagerstown Community College scholarship campaign, business incubator

April 25, 2022

F&M Trust recently pledged $50,000 to Hagerstown Community College to support its expanded scholarship program and its efforts to inspire entrepreneurship.

The bank will contribute $25,000 to the college’s A Gem for Generations campaign and $25,000 to the David W. Fletcher Incubator + Labs over the next five years.

“This gift by F&M Trust will help our students bridge the gap to success,” said HCC President Dr. James Klauber. “Their generosity will also help our community prosper through our graduates being better prepared to provide for themselves and their families.”

The bank will create a named, endowed scholarship as part of the A Gem for Generations campaign. These scholarships are the flagship program of the HCC Foundation and provide nearly $500,000 in student aid each year. The college’s vision is to double that amount to $1 million in five years.

“F&M Trust is pleased to support HCC as it develops the next generation of learners and community leaders,” said Tim Henry, President and CEO of F&M Trust. “The bank has long been a supporter of the communities it serves, and these contributions to HCC will continue that storied tradition.”

HCC strives to provide a high-quality education that is affordable, equitable, and promotes success in today’s economy. With 70 percent of HCC students eligible for some level of financial assistance, there are more worthy students than there are scholarships available.

“We are incredibly grateful to F&M Trust for supporting the 75th Anniversary Campaign for HCC, A Gem for Generations,” said Dr. Ashley Whaley, Director of the HCC Advancement Office.

 The bank’s contribution to the incubator will support small-business owners and economic development in Washington County. Through the incubator, entrepreneurs learn, leverage, and launch into Washington County. The incubator’s mission is to work with start-ups, help them to grow, and connect them with community partners to sustain that growth.

Representatives from F&M Trust and Hagerstown Community College pose for a photo with the $50,000 donation from F&M Trust

From left: Warren Elliott, Chairman of the Board, Franklin Financial Services Corporation; Dr. James Klauber, President, Hagerstown Community College; John Williamson, Chairman, Board of Trustees, Hagerstown Community College; and Tim Henry, President and CEO, F&M Trust.

About F&M Trust: A subsidiary of Franklin Financial Services Corp., F&M Trust is an independent community bank headquartered in Chambersburg. With approximately $1.8 billion in assets, F&M Trust has 21 community-banking locations in Franklin, Cumberland, Fulton, and Huntingdon counties.


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