Frenchman or free man
Fransico is a variant spelling of Francisco, the Spanish and Portuguese form of the Latin name Franciscus. It ultimately derives from the Germanic tribe, the Franks, whose name became synonymous with being a 'free man'.
Less common today
Fransico isn't in the latest US Top 1000. It last peaked at #3,362 in 1990.
US births per 5-year period, 1990βpresent (SSA data).