Franklin Synergy Bank Delivers Third Profitable Year

Franklin, TN - January 19, 2012 - Franklin Synergy Bank delivered another profitable quarter, marking the bank’s third consecutive profitable year and fourth year of operation. Founded in 2007, Franklin Synergy Bank reported annual profits of $2,731 thousand for the year 2011, more than double 2010 profits of $1,252 thousand.

For the quarter ending December 31, 2011, the bank earned a profit of $1.1 million, marking the bank’s twelfth straight profitable quarter. This compares to $730 thousand in the third quarter of 2011 and $105 thousand in the fourth quarter of 2010. The fourth quarter 2011 was the bank’s most profitable quarter.

“This is great news for our shareholders and for our bank”, commented Franklin Synergy president Richard Herrington. “Our growth trajectory is the result of sustained efforts on our part to build a critical mass of loans and deposits that now produce solid earnings. In addition to this foundation, our bank benefitted from several positive trends. Despite a challenging economic environment, we have achieved good deposit and loan growth as well as a significant increase in our interest margins. Mortgage banking continues to be an important contributor to our profitability and non-performing assets remain at a low level and continue to decline.”

Assets grew to $465 million at December 31, 2011. This compares to $350 million at December 31, 2010, a growth rate of 32.9%. Deposits and loans also experienced significant growth, with deposits increasing 32.6% to total $407 million at year end, and loans increasing 18.7% over 2010, to end the year at $235 million.

“We look to 2012 to be a continuation of the progress we’ve made”, added Herrington. “The strength of our organization continues to be our strong capital position, a comparatively healthy local economy and a veteran team of bankers.”

Franklin Synergy Bank opened its first branch in November 2007 in Cool Springs and earned its first profit in the first quarter of 2009. The bank reached $100 million in deposits in October 2008, the same month Franklin Synergy opened a branch in the Bennett House in downtown Franklin. The bank reached $200 million in deposits in July of 2009, topped $300 million in

December 2010 and $400 million in December 2011. A new Downtown Franklin headquarters and branch opened on Columbia Avenue in May 2010 and an office in Brentwood opened in January 2011. In addition, Franklin Synergy operates a mortgage office in Synergy Business Park in Brentwood. Franklin Synergy Investment Management, a division of Franklin Synergy Bank offering financial planning, opened in September 2011. Additional information about Franklin Synergy is available at the bank’s website: