Many years ago, I studied an economic theory that compared economic cycles to weather storms. One of the key elements of this theory is the strong
correlation between the severity of the cycle (the storm) and the changed landscape once the cycle concludes (or the storm passes). This theory holds
some intriguing implications for us as business people and consumers.
There is no doubt that recent economic conditions have been challenging. We have experienced the unfortunate consequences of the convergence of
three important cycles: a business cycle, a real estate cycle, and a political cycle. The result has been the most severe economic recession since the
Great Depression. We have felt the impact globally, nationally, regionally, locally, and personally. No one has escaped this turmoil.
If this economic theory is correct, our lives will forever be changed by the forces of this economic calamity. And the changes will be
significant. But “change” is not necessarily threatening or bad.
Now, we need to focus on the changed landscape, both from a business and personal perspective. The challenge is not to search for whom to blame
for our economic “mess”, but rather to identify the abundant opportunities that will present themselves in the future. The
“winners” of the future are the businessmen and women and investors that adapt to and take advantage of change.
We are already seeing material changes in peoples’ habits: communication patterns, social networking, an individual propensity to save, and
corporate accountability are just a few. We may not know what changes the future holds, but we do know that change is inevitable and manageable.
At Franklin Synergy Bank, we understand the need to change. We have been very successful in our first twenty months because we are willing to
listen and to change. As your personal and business financial and banking habits and needs change, we are prepared to respond. We want to be your bank
today, tomorrow, and far into the future. We want to earn that privilege by changing with you. Please call or e-mail one of our banking professionals
today so we can discuss your customized and changing banking needs. Thank you for the opportunity to be your bank.
Franklin Synergy Upgrades Web Bill Pay!
There’s no question that paying bills online with Franklin Synergy Bill Pay saves you time and money and gives you more
control over your finances and budgeting. But even a good thing can get better. On September 17th, Franklin Synergy Bill Pay will be upgraded and we
think you'll really like the changes!
An enhanced user interface, including a home page, gives you the ability to view your Bill Pay activity at a glance. You will be able
to accomplish all of your tasks, including:
- viewing your last payments
- adding payees
- making payments
- viewing reminders and eBills
- Enhanced calendar functions lets you review upcoming payments as well as research your payment history.
For a demonstration on the changes, please click here. All of the information you have setup in regards to payments and payees will remain after the upgrade. Please contact Nick
Lennon at (615) 236-8308 if you have any questions regarding this upgrade.
Act Soon Before First-Time Home Buyer Tax Credit Expires November 30, 2009
If you are thinking of buying your first home or know someone who is, the time to act is now. The First-Time Home Buyer Tax Credit
approved in February as part of the federal government’s American Recovery and Reinvestment Act, will expire on November 30. First-time
homebuyers can take a tax credit equal to 10 percent of the home purchase price— up to a maximum credit of $8,000 — off their 2009
income taxes when filed next year.
To take advantage of the tax credit and beat the Nov. 30 closing deadline, buyers should be under contract no later than the first or
second week of October. And remember, a first-time homebuyer is anyone who has not owned a home within the last three years. With interest rates this
low, it’s a great time to take advantage of this one- time tax credit.
For more information, please call our Mortgage Office at (615) 564-6400.
FRANKLIN SYNERGY BANK TRAVEL CLUB NEWS….
- New York! November 29 – December 2 - SOLD OUT!
- Cumberland County Playhouse - It's A Wonderful
Life -December 15
$85.00 per person
Final payment due - December 4, 2009
- 11-Night Ultimate Caribbean Cruise
January 24, 2010 - February 5, 2010
Climb aboard Celebrity’s NEWEST Equinox plus a pre-cruise package in Ft. Lauderdale, Florida!
$450 per person ($900 per cabin) deposit
due with reservation
Final payment due on or before October 14, 2009
- Springtime In The South
Motor coach trip to Charleston, Savannah & the Macon Cherry Blossom Festival - March 20-25, 2010
Tour Includes: • 5 nights hotel accommodations • Travel Insurance • Transportation by deluxe motor coach
• Five breakfasts, one boxed lunch and five dinners • All activities as listed in itinerary, all gratuities Cost per
person: Double: $1,499 Single: $1,884 Triple: $1,368 Deposit: $100/person due with reservation
Final payment due - January 10, 2010