Franklin Economical Services Corporation and its subsidiary F&M Trust recently accomplished the order of the former Danfoss production facility located in the two the Borough of Chambersburg and Guilford Township. The facility, which is 3 miles from the bank’s present-day place, is the foreseeable future web-site of the bank’s new company headquarters and functions middle.

The lender ordered the facility for $7 million from CFDC, LLC, an entity jointly owned by the Franklin County Region Development Corp. and Chambersburg Region Advancement Corp. The 67,000 sq.-foot Gold LEED constructing, made in 2009, is at 1500 Nitterhouse Generate, Chambersburg, on an 11-acre parcel.

“Because of to the pandemic, we resolved to quickly place our designs on hold so that we could target on other priorities, like having care of our consumers and communities,” Timothy G. Henry, President and CEO of F&M Have confidence in, explained. “It was always our intention to shift forward with this venture, and we are energized to total this phase.”

F&M Trust purchased the facility for $7.0 million from CFDC, LLC, an entity jointly owned by the Franklin County Area Development Corp. and Chambersburg Area Development Corp. The 67,000 square-foot Gold LEED building, constructed in 2009, is located at 1500 Nitterhouse Drive, Chambersburg, on an 11-acre parcel.

To prepare for its foreseeable future move, F&M Have faith in offered its 41,000-sq.-foot corporate headquarters at 20 South Most important St., for $3.3 million to CFDC and entered into a lease arrangement for the 20 South Key St. assets until finally renovations are done and the shift to the new building happens in late 2022.

Renovation expenses are at this time approximated at $8.7 million. The one particular-tale developing will home around 145 staff members with the potential for more workforce as the bank continues to mature.