July/August 2008 E-News Bulletin

July/August 2008 E-News Bulletin
 

Time to Count Our Blessings

President Ronald Reagan once said, “Recession is when a neighbor loses his job. Depression is when you lose your job.”

There is no question that our national economy is in a “correction”, a gentler phrase than “recession”. Economic corrections stem from business cycles that are natural and predictable. The challenge is not to avoid the inevitable cycle, but to manage through it.

Now we have another challenge: not overreacting in times of economic stress. It’s important to remember how fortunate we are to live in Williamson County. While all of us have experienced some of the negative consequences of the current national economic trends, including higher fuel and food prices, Williamson County has been relatively untouched by some of the worst consequences, falling real estate values and escalating unemployment. This is partly due to solid economic fundamentals, including:

  • Williamson County remains the wealthiest county in Tennessee and among the top twenty wealthiest counties in the country. Our school systems continue to produce stellar results, fulfilling the dreams of parents and students across the county. Our crime rate remains low and our citizens are the healthiest in the state of Tennessee.

  • The unemployment rate in Williamson County is significantly lower than the Tennessee rate and the national rate. We continue to attract the corporate headquarter relocations of successful companies such as Nissan and Verizon, bringing thousands of new jobs to our community. There are many reasons that companies select Williamson County for corporate headquarter relocation but chief among them is the quality of life we have built in this community. Retail growth is booming in Williamson County with new restaurants, small businesses, boutiques and entertainment venues.

  • Home mortgage interest rates are as attractive today as they have ever been. While credit standards have tightened and some banks have less interest in jumbo mortgage business, Franklin Synergy Bank continues to actively seek mortgage business from all segments of the market. We are committed to Williamson County and to providing the economic underpinning for continued growth in local businesses and real estate. Unlike other banks, we are not overreacting to short-term conditions; we will continue to provide funding for business and real estate development.

  • Some of the media continues to report bad news in the financial services industry but the vast majority of our nation’s banks, particularly community banks, remain strong, safe and stable. (Franklin Synergy Bank is among the best-capitalized community banks in the country.) No one has ever lost a penny of FDIC insured deposits held in community banks. If you have questions about FDIC insurance or how to structure your accounts to ensure FDIC coverage for your deposits, call a Franklin Synergy Bank officer at (615) 236-BANK (2265).

  • Community bank deposits are reinvested in the local economy through loans that may help your neighbors start a business, purchase a home, or send a child to college. Continuing to hold deposits in community banks ensures that the neighborhoods where you live and work will continue to grow and thrive.

We are fortunate to live in Williamson County. While concern about national economic trends is normal, let’s be sure to remember to count our many blessings. At Franklin Synergy Bank, we count the loyal support of our customers, our family and friends among our many blessings.

Richard Herrington

 

FRANKLIN SYNERGY MORTGAGE NEWS…..Franklin Synergy Jumbo Mortgage!

Conventional mortgages up to $432,500 are getting tough to find and Jumbo mortgages over $432,500 can be nearly impossible to find these days. Not at Franklin Synergy Bank. Our Relationship Mortgage is a package of great rates and great perks available to qualified buyers for Jumbo loans of $1 million plus. Get peace of mind with –

  • Franklin Synergy Bank Club Account
  • Auto-draft convenience
  • No mortgage insurance required
  • Rate Protection Lock Plan available – lock in your loan rate for two, six or nine months and relax!
  • Synergy Home Equity Line of Credit with no additional closing costs
Apply for a Jumbo Mortgage through our quick and easy Synergy Online Application at www.franklinsynergybank.com.

Call your Franklin Synergy Banker at (615) 236-BANK (2265) TODAY for a great rate on Jumbo mortgages!

 

FRANKLIN SYNERGY BANK TRAVEL CLUB NEWS…..

Our July Preview Show was a sell-out! We caught up with our intrepid travel club and new friends on July 23rd. We previewed trips to the Rose Parade at New Years, a southern Caribbean cruise in January 2009 and a Mediterranean cruise in October 2009. View the photos below:


Upcoming Events...

  • Great Trains & Grand Canyons
    September 7-12, 2008 - SOLD OUT
  • South Pacific
    Join the Franklin Synergy Bank Travel Club on Tuesday, October 21 for Some Enchanted Evening at the Cumberland County Playhouse for SOUTH PACIFIC!
    Cost $79/person
    Payment due October 1

  • Jacksonville Jaguars vs. Tennessee Titans - This is a limited opportunity – book early to avoid disappointment!
    November 14-17, 2008
  • Rose Parade & New Year's Extravaganza!
    December 30, 2008 - January 3, 2009

  • Southern Caribbean Cruise
    January 31-February 7, 2009

  • Mediterranean Legacies Cruise - Just a few cabins left - Do not wait to book!
    October 16-31, 2009

For more information about Franklin Synergy Bank Travel Club contact Sandy Green at 615-236-4614 or sandy.green@franklinsynergy.com.

 

Franklin Synergy Bank Team News

Heather McCandless Joins Franklin Synergy as Credit Administrator
We're delighted to have Heather McCandless join us as Assistant Vice President and Credit Administrator. Heather joins us from Wachovia Bank in Raleigh, North Carolina. Her thirteen years of credit administration experience includes eleven years at PRIMUS Automotive Financial Services and Ford Motor Credit Company.

Heather is a Franklin native and a graduate of Middle Tennessee State University in Murfreesboro. In her new role at Franklin Synergy Bank, Heather will oversee the analysis and evaluation of commercial loans.

 

FRANKLIN SYNERGY BANK supports the Williamson County Fair

The Williamson County Fair begins August 1! As Williamson County's banker, Franklin Synergy Bank is supporting the Fair this year through donations and volunteerism during Fair week. Look for your Franklin Synergy Banker at the ticket booth at the Fair entrance. We can't wait to see our friends and neighbors at this third year in the revival of the Williamson County Fair. In the last two years, the Fair has resumed its role as an integral part of our community. In 2007, more than 125,000 people attended the Fair and more than 1,000 competitors vied for $50,000 in prize money. The 2008 Williamson County Fair has even more: more events, more competition, more entertainment, and more excitement. We hope to see you at the Fair.

 

The Privileges of Membership in Franklin Synergy Bank Clubs

Synergy Club Account
- Our signature club account offering: special member interest rates, unlimited check writing, unique travel opportunities, five free non-Franklin Synergy Bank ATM fees per statement, preferred rates on mortgages, overdraft protection, free 24 hour online banking with bill pay, and much more.

Pineapple Gold Club Account
- Our signature club account for customers age 50 or better. The same great benefits of a Synergy Club Account along with a free (for one year) safe deposit box.


We look forward to the opportunity to earn your future business at Franklin Synergy Bank. You may reach your Franklin Synergy banker at 236-BANK (2265) or on our website at www.franklinsynergybank.com. Franklin Synergy is located at 3301 Aspen Grove Drive, Suite 106 in Cool Springs. A parking garage is located directly below the bank for your convenience. Just take the elevator to the first floor.

We appreciate your continued interest in Franklin Synergy Bank.

Sincerely,

Richard Herrington