Franklin Synergy Bank officials announced Thursday the bank has capped its fourth anniversary by crossing the $400 million mark in bank deposits.
The Williamson County-based bank reached the milestone on Dec. 16.
“Just a year ago, our bank passed the $300 million mark in deposits,” Richard Herrington, Franklin Synergy Bank president, said in a release. “This month brings another wonderful anniversary present for our shareholders, customers and staff.”
When Franklin Synergy began operations in late 2007, it was the smallest of 187 banks headquartered in Tennessee. As 2011 concludes, Franklin Synergy ranks among the 35 largest banks in Tennessee, Herrington said.
“Our deposit growth has outpaced loan growth,” he said. “While our loan portfolio continues to grow, we are actively seeking loan opportunities in the community.”
Franklin Synergy opened its third office in 2010, in what is now a full-service branch in Brentwood.
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