Coming off a year that featured several milestones, the leaders of Franklin Synergy Bank are stepping on the gas in 2013 with plans for new offices and a bigger headquarters to house an institution that now has more than $500 million in assets.
In the works since last fall is a new office in Brentwood’s Town Center development. By the fall of this year, President Richard Herrington will relocate the team working in nearby Maryland Farms to a new office near the Town Center roundabout.
Coming online next month is a loan production office on Wall Street on the north side of Spring Hill. The new outpost will be staffed by veteran Williamson County banker Eddie Maynard, who now works for Franklin Synergy in Cool Springs, as well as mortgage originator Billy Harter and customer service rep Stephen Brown.
Herrington and other bank officials also teamed up last week with Boyle Investment executives to break ground (see below) for a branch in the development company’s 600-acre Berry Farms project south of Franklin.
“Berry Farms will be a neighborhood that makes it easy to connect to your neighbors and to businesses in the community,” Herrington said. “This vision matches our vision of connecting friends, neighbors and family to our bank. Our new office should be complete by late summer.”
And lastly, Franklin Synergy employees should by the end of this year move into a 16,000-square-foot addition to their downtown Franklin headquarters. That project is worth about $4 million and will replace a former car parts store adjacent to the Columbia Pike building.
Franklin Synergy opened its doors in late 2007 and has been posting quarterly profits for more than three years. Through the first nine months of 2012, it earned almost $2.7 million — up some 60 percent from the year before — while growing its loan portfolio by more than a third to $300 million and hiring more than 20 people.
From left: David McDaniel and Kevin Herrington of Franklin Synergy, Mark Traylor of Boyle, Richard Herrington, Hank Brockman and Will Powell