Ferenc, also known as Frankie, as born on the 14th of February 1943, in Logan, West Virginia. There is not a lot recorded about his life, but it is known that he enlisted in the US Army at the age of 19 in 1962, in Fresno, California. In 1967, Frankie was deployed with the 1st Battalion, 8th Infantry Regiment, 4th Infantry Division when he deployed in support of the Vietnam War, and it was his actions on the 20th of May that would cost him his life and earn him the Medal of Honor. The citation reads:

For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. S/Sgt. Molnar distinguished himself while serving as a squad leader with Company B, during combat operations. Shortly after the battalion's defensive perimeter was established, it was hit by intense mortar fire as the prelude to a massive enemy night attack. S/Sgt. Molnar immediately left his sheltered location to insure the readiness of his squad to meet the attack. As he crawled through the position, he discovered a group of enemy soldiers closing in on his squad area. His accurate rifle fire killed five of the enemy and forced the remainder to flee. When the mortar fire stopped, the enemy attacked in a human wave supported by grenades, rockets, automatic-weapons, and small-arms fire. After assisting to repel the first enemy assault, S/Sgt. Molnar found that his squad's ammunition and grenade supply were nearly expended. Again leaving the relative safety of his position, he crawled through intense enemy fire to secure additional ammunition and distribute it to his squad. He rejoined his men to beat back the renewed enemy onslaught, and he moved about his area providing medical aid and assisting in the evacuation of the wounded. With the help of several men, he was preparing to move a severely wounded soldier when an enemy hand grenade was thrown into the group. The first to see the grenade, S/Sgt. Molnar threw himself on it and absorbed the deadly blast to save his comrades. His demonstrated selflessness and inspirational leadership on the battlefield were a major factor in the successful defense of the American position and are in keeping with the finest traditions of the U.S. Army. S/Sgt. Molnar's actions reflect great credit upon himself, his unit, and the U.S. Army.

Frankie was 24 when he died and his family received his Medal of Honor from President Nixon on the 10th of July 1969, in a ceremony at the White House. Ferenc Zoltan Molnar, also known as Frankie Zoly Molnar, is buried in the Highland Memory Gardens in Chapmanville, West Virginia: Everlasting Life Section, Lot 18. His name appears on the National Vietnam Veterans Memorial in Washington DC: Panel 20E, Line 64.