Franklin Financial Services' Unit Farmers And Merchants Trust Completes Portfolio Shift; Unit Expects To Recover $3.4M After-Tax Loss In About 2.3 Years
Portfolio Pulse from Benzinga Newsdesk
Farmers and Merchants Trust, a unit of Franklin Financial Services, has completed a portfolio shift and expects to recover a $3.4 million after-tax loss in approximately 2.3 years, according to an SEC filing.
October 18, 2024 | 8:11 pm
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Farmers and Merchants Trust, a unit of Franklin Financial Services (FRAF), has completed a portfolio shift and expects to recover a $3.4 million after-tax loss in about 2.3 years.
The completion of the portfolio shift by Farmers and Merchants Trust, a unit of FRAF, indicates a strategic move to manage losses. The expectation to recover a $3.4 million after-tax loss in 2.3 years suggests a neutral short-term impact as the recovery is planned over a longer period.
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