Franklin Synergy Bank officials are preparing to open their Nolensville office and have contracted with Century Skanska to handle some design and construction work. The project in the Brittain Plaza center being developed on Nolensville Pike by Stevens Group is worth $184,000. The bank holding company (Ticker: FSB) also recently finalized a deal with the contractor to expand its home office in downtown Franklin.
There appears to be no letup in sight to the growth at Franklin Synergy Bank: After finishing the second quarter with $1.77 billion in assets, the eight-year-old bank powered its way to $2 billion before the end of Q3. Chairman and CEO Richard Herrington says the integration of MidSouth Bank has gone well and let his team maintain its momentum.
The leaders of FirstBank have engineered some solid growth in recent years, going from $2.2 billion in assets in mid-2012 to $2.8 billion following their recent acquisition of a Chattanooga-area bank. That has led them to invest in an information technology upgrade with the help of Missouri-based Jack Henry & Associates, which works with more than 1,300 banks. The latter's SilverLake system will pull together FirstBank's core data and help it manage the various risk management and regulatory compliance requirements banks face. Check out more info here.
Franklin Synergy Bank has recruited Tiffany Martin to its team in Berry Farms as a vice president and commercial banker. Martin joins Franklin Synergy from Capital Bank, where she had been a branch manager for almost two years. Before that, she also ran a Bank of America branch.
“Tiffany has a great background in banking,” said Chairman and CEO Richard Herrington. “Our Berry Farms team is serving a community experiencing fast growth and Tiffany was just the right fit to serve that segment of our market.”
Franklin Synergy opened its office in Berry Farms, located off Interstate 65 at Goose Creek Bypass, in the fall of 2013. The company runs 11 branches in Williamson and Rutherford counties.
Shares of Franklin Financial Network will be added to the prominent Russell 2000 index of small-cap stocks later this month. Chairman Richard Herrington says the move will add to the visibility of the stock (Ticker: FSB), which came to market earlier this spring at $21 and has since climbed to about $22.30.
POSTDATA: WARRANTY DEEDS