We have seen great periods of economic growth and prosperity during my lifetime. We have also seen some pretty bad times. Both are to be expected as normal variations in a free market economy. Great economic times always include business expansions and escalation in business profits while difficult economic times are normally accompanied by real estate and stock market declines along with lagging profits for businesses.
What are the main contributors to difficult economic times? Jody Bowman, Executive Vice President of Franklin Synergy Bank, points to the following as the most significant factors that signal or surround a rough economic environment:
- Lack of personal responsibility
- Inordinate speculation
- Lack of confidence in leadership
- Excessive personal and government debt
- Declining moral values
- Fear of the future consequences due to lack of personal control
Personal and professional pain always accompany a poor economic climate and many families are affected. The US has survived difficult times in the past and will undoubtedly survive the current situation. I know it’s not always easy to remember, but we may take comfort from living and/or working in Williamson County, Tennessee. We have a small but effective buffer simply by living here during difficult times and it’s important to remain thankful for that benefit. At Franklin Synergy Bank, we agree with Jody Bowman that we must go back to basic principles of sound economic activity, principles many of us learned from our parents; live beneath your means, don’t borrow when you can’t pay the money back and be grateful for what you have. Sounds simple? Yes. But if we keep our heads and live by these principles, we’ll be fine.
Franklin Synergy Bank’s Chief Banking Officer Ashley P. Hill, III interviewed on news Channel 5 – What the New Fico 08 credit scoring system will mean for you.
Watch The Interview
Keep Your Identity Safe with Franklin Synergy Bank’s NEW ID Theft Protection Plan…….
According to the Federal Trade Commission fraud complaints in 2007, identity theft remains the top complaint.
- Losses associated with identity theft amounted to $45.3 billion in 2007
- 8.1 million adult Americans, or one in 28, were victimized by identity theft in 2007
- Each victim lost an average of about $5,500
- Consumers spend an average of 40 hours to repair damage
Identity theft refers to crimes in which fraudsters wrongfully obtain and use another person's personal data (i.e. name, date of birth, social security number, driver's license number), and your financial identity (i.e. credit card, bank account and phone-card numbers). The Federal Trade Commission indicates that on average, most victims do not even know their identity has been stolen until more than a year later.
Identity theft can have devastating consequences for you, as the victim, who may face long hours of closing bad accounts, opening new ones, and repairing your wrecked credit record. And, it may take significant out-of-pocket expenses to clear your good name. In the meantime, you may be denied jobs, loans, education, housing, and cars, or even get arrested for crimes you did not commit. Unfortunately, the experience of thousands of victims is that it often requires months, and even years, to navigate the frustrating, identity-recovery process.
But now, you can protect yourself with Franklin Synergy Bank’s low cost ID Theft Protection Plan. Visit us at www.franklinsynergybank.com to learn more or to enroll in the plan. Call your Franklin Synergy Banker at (615) 236-BANK (2265) if you have any questions.
The Franklin Synergy Travel Club Needs YOU!
Please take a moment and let us know what travel opportunities would be most attractive to you. Take our Travel and Activity Survey. There’s no obligation to take part in any of the destinations and trips listed; we just want to know what interests you. Let us hear from you!
Southern Caribbean Cruise!
Our January 31st – February 6th southern Caribbean Cruise to exotic boutique ports aboard the Celebrity Summit was a wonderful experience. This sold-out adventure began in San Juan, Puerto Rico, taking us to the exotic ports of St. Maarten, Dominica, Grenada and Barbados. The weather was beautiful; the food was plentiful and delicious. Enjoy this Pineapple Gold Club adventure through our eyes……
Cumberland County Playhouse Presents – Shenandoah
March 24, 2009
Come see this stirring musical about war, peace, valor, patriotism, honor and conscience. An American farm family struggles amid the greatest national conflict our republic has ever experienced!
Total cost - $85 (final payment due March 6)
April 16, 2009
Get ready for a fun-filled day with your Franklin Synergy friends – we guarantee you will enjoy a little history, education, great food and fine fellowship.
Total cost - $79. Final payment due April 2
California Rail Discovery!
May 13, 2009 - May 19, 2009
Featuring San Francisco, Lake Tahoe & the Napa Valley Wine Train
Final payment due March 6
Cumberland County Playhouse Presents
July 16, 2009
Re-visit 1962 with Franklin Synergy Bank. The world was a simpler place - Cadillacs had fins, JFK was in the White House and John Glenn was in orbit. Get back to your roots – literally!
Total cost - $85 (final payment due June 29)
Mediterranean Legacies Cruise
October 16, 2009 - October 31, 2009
Only a few cabins left
Dubrovnik, Croatia / Athens, Greece / Monte Carlo/Nice, France
Naples, Rome and Florence, Pisa, Italy/ Barcelona, Spain
14-night cruise with overnight stays in Venice, Ephesus and Rome.
Enjoy the lights & sights of NEW YORK!
November 29, 2009 – December 2, 2009
It’s all here – just waiting for you!
Two Broadway Shows
Metropolitan Museum of Art - Central Park - Times Square –
Ellis Island & Statue of Liberty - • NBC Studios Tour -
Rockefeller Plaza - • Fifth Avenue
$1,995 + air/person—double occupancy (Deposit of $500/person
due with reservation) Airfare cost will be added when available.
You can view all Travel Club information and register for trips through our Travel Club Web Page
For more information about Franklin Synergy Bank Travel Club contact Sandy Green
at 615-236-4614 or
|Mortgage Banker Ryan J. Reynolds Joins Franklin Synergy Bank|
|Help us welcome Mortgage Banker Ryan J. Reynolds to Franklin Synergy Bank as a Senior Mortgage Loan Consultant. Ryan has more than fifteen years experience in mortgage origination and management and he joins Franklin Synergy Bank from Vision Mortgage in Lebanon, Tennessee, where he held the position of Senior Loan Consultant. He is the President of the Nashville Mortgage Bankers Association. Ryan will be based in Franklin Synergy’s loan production office in the Synergy Business Center in Brentwood.
Ryan began his career in mortgage lending at National City Bank in Nashville. From that position, he moved to National Bank of Commerce in Nashville, where he served as Regional Manager and Vice President throughout the Southeast. He is a graduate of Georgia State University in Atlanta, Georgia.
|Al Dorsey Joins United Way of Williamson County Board of Directors|
|Assistant Vice President Al Dorsey has been named to the Board of Directors of United Way of Williamson County for a three year term of service beginning with the 2009 campaign.
“We are so pleased to have Al joining our United Way of Williamson County as a member of our Board of Directors. Al served on our 2008 Allocations Committee and brings a great combination of business savvy and community spirit to our organization. We look forward to working with him as we ensure that Williamson County remains a safe and healthy community,” notes United Way of Williamson County President and CEO Ann Buchanan.
Franklin Synergy Bank is committed to good corporate citizenship. We thank Al for his service to Williamson County.
We look forward to the opportunity to earn your future business at Franklin Synergy Bank. You may reach your Franklin Synergy banker at (615) 236-BANK (2265) or on our website at www.franklinsynergybank.com. Franklin Synergy Bank now has 2 locations, our Cool Springs branch at 3301 Aspen Grove Drive, Suite 106 and our Downtown Franklin branch at 134 Fourth Avenue North in the historic Bennett House. In addition, our Franklin Synergy Mortgage office is now open at 7101 Executive Center Drive, Suite 100 in Brentwood. We appreciate your continued interest in Franklin Synergy Bank.