Franklin Synergy Bank Secures Freddie Mac Approval

Franklin, TN - April 29, 2008 - Franklin Synergy Bank, Franklin’s only locally owned and managed bank, has been approved by Freddie Mac (NYSE:FRE) to sell loans to Freddie Mac and service Freddie Mac-owned loans, Franklin Synergy President Richard Herrington announced today. Freddie Mac is one of the nation’s largest investors in residential mortgages.

“Today’s announcement significantly enhances Franklin Synergy’s ability to originate and provide servicing for a wide array of home loan products,” commented Herrington. “We are especially proud that Franklin Synergy was approved by Freddie Mac relatively quickly for a de novo bank, an accomplishment I attribute to the expertise of our mortgage team. In addition to being able to offer our customers and neighbors a full range of conforming mortgages eligible for purchase by Freddie Mac. Franklin Synergy can now offer our customers local servicing of Freddie Mac-owned loans, so they can make home mortgage payments electronically, at our bank or by mail.”

Franklin Synergy Bank opened in November 2007, offering a unique combination of the traditional values of community banking, such as trust, competence and expediency, with innovative, technology-based delivery systems. This combination creates synergy, a process in which the sum of tailored banking products, advanced technology and dedicated bankers define a superior banking experience for our customers.