Young Franklin bank ekes out a profit
By Geert De Lombaerde Posted on October 20, 2009 at 2:07 pmThe cooling mortgage refinance market took the wind out of Franklin Synergy Bank’s asset growth and earnings in the summer. The two-year-old bank has been in the black for all of 2009, but only just made a profit in the third quarter. Assets during the period grew just $2 million to $237 million.
Tags: banking, earnings reports, Franklin Synergy Bank, mortgages
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