Young Franklin bank ekes out a profit

By Geert De Lombaerde Posted on October 20, 2009 at 2:07 pm

The 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.

permalink | Comment on this post

Tags: banking, earnings reports, Franklin Synergy Bank, mortgages  

Franklin bank director retiring

By Geert De Lombaerde Posted on April 24, 2009 at 12:52 pm

From a release:

Franklin Financial Network, Inc., parent of Franklin Synergy Bank announced today that William W. Harlin, Jr. has retired from the Board of Directors. Mr. Harlin was a Founding Director of Franklin Synergy Bank in 2007. He has agreed to accept Director Emeritus status with the bank.

“Bill Harlin was instrumental in building a foundation of stability for Franklin Synergy Bank,” said Richard Herrington, president. “We are truly grateful to Bill for his wisdom as well as his dedication to building a legacy bank that our community can be proud of, a bank dedicated to addressing the financial needs of businesses and individuals in Williamson County. We are delighted to have the benefit of his continued interest in Franklin Synergy Bank.”

permalink | Comment on this post

Tags: banking, Franklin, Franklin Financial Network Inc., Franklin Synergy Bank, William W. Harlin Jr., Williamson County  

Franklin bank branches in the works

By Geert De Lombaerde Posted on March 17, 2009 at 3:21 pm

First Farmers & Merchants Bank is getting ready to open the doors of its new Franklin branch. The 5,600-square-foot office off Cool Springs Boulevard east of I-65 will open March 27 with a ribbon cutting ceremony.

The Columbia-based bank made its first foray into Williamson County in late 2007, when it set up temporary shop on Carothers Parkway. The branch will be the bank’s 19th Middle Tennessee location.

Nearby, Franklin Synergy Bank is moving forward with the planning process for a new downtown Franklin headquarters, where it plans to lease all the space in a two-story, 15,000-square-foot office on Columbia Avenue near the city’s new police HQ.

Franklin Synergy Senior VP Aimee Punessen said the bank’s executive team and operations staff will move there from Aspen Grove at the end of this year at the earliest. For 2010, Punessen said the bank is looking to open a Brentwood office. Franklin Synergy opened its doors in late 2007 and has quickly grown to about $200 million in assets.

permalink | Comment on this post

Tags: banking, commercial real estate, Cool Springs, First Farmers & Merchants Bank, Franklin, Franklin Financial Network Inc., Franklin Synergy Bank, office space