CHAMBERSBURG, PA – The Chambersburg Area School District (CASD) has secured a significant financial commitment from F&M Trust. A subsidiary of Franklin Financial Corp., F&M Trust is an independent community bank headquartered in Chambersburg with approximately $1.2 billion in assets. Per the terms of the agreement, F&M will provide the school district with a total of $100,000 over the course of ten years ($10,000 each year). The pledge was described as the single largest contribution that the bank has made in its 112 year history and will primarily be used to support student extra and co-curricular program.
“The district thanks F&M Trust for becoming a corporate sponsor and investing in the future success of our students. The funds provided through this agreement will have a direct, positive impact on our district by providing non-traditional funding that will offset costs for student extra and co-curricular programs. We look forward to working together with the leadership at F&M Trust in the shared goal of providing the best possible education for Chambersburg area students,” – Joseph Padasak, Superintendent of the Chambersburg Area School District.
In December 2017, CASD announced its plans to sell corporate sponsorships and naming rights on signs in the district. Its first participant in the naming rights program was 1st Ed Credit Union, which secured naming rights to the indoor track area of the school gym for a three year period. F&M Trust was presented with the opportunity to rename Trojan Stadium, but ultimately turned it down. Instead, F&M CEO Tim Henry opted to protect the field’s namesake, which is a vital part of the community that benefits from the facility.
“We felt strongly that the right thing to do was to keep the name, Trojan Stadium, to preserve its legacy for future generations. This is a significant commitment for us, and we are looking forward to continuing our partnership with the Chambersburg Area School District.” – Tim Henry, CEO/President of F&M Trust