Welcome to the Franklin Financial Network January 2010 eBulletin!
Happy New Year! Let’s all hope that 2010 brings the return of economic prosperity to our local community and our nation.
In November, Franklin Synergy Bank celebrated its second full year. As we reflect on the last two years, we are very proud of our progress and the accomplishments of our bank, in spite of difficult economic times.
Why have we been so successful in trying times? The answer to that is easy: you, our customers. Without the strong support of our customers, shareholders, and the community, we could not have achieved the success that makes Franklin Synergy stand out from other banks. Thank you.
We have grown in many ways. In November 2007, we opened with one branch in Cool Springs. In late 2008, we opened a second branch in downtown Franklin’s Bennett House and a mortgage office in Brentwood. We are looking forward to moving into our new home office and downtown Franklin branch facility on Columbia Avenue; we hope to be there during the second quarter 2010. In addition to new locations, we have strengthened our banking team with additional local, experienced bankers.
By the end of 2009, our bank’s loan portfolio had grown to $168 million and our deposits totaled $228 million. For comparison purposes, these growth rates put us in the upper 10% of the 156 new banks chartered in the US in 2007. Additionally, we originated in excess of $158 million in first mortgage home loans during 2009. That total represents 651 new loans to local home buyers.
And, we earned a profit in 2009. But we don’t measure our success solely by financial results. As the old television advertisement boasts, we want to measure our success one customer at the time.
I’m often asked, “What is the secret to the bank’s success?” My answer revolves around two fundamentals. First, we care for our customers. We recognize that without our customers, we could not exist. Our objective is to understand the customer’s need, find a customized solution, and attend to the customer’s unique needs. This approach builds a long-term relationship.
The second fundamental is to build a strong, healthy, vibrant bank based on sound banking and business practices. We cannot truly meet the needs of our customers if our attention is on solving bank problems instead of solving customer problems. This is one of the reasons that we are providing for additional growth by raising new capital.
We are proud of our successes and accomplishments. And we are thankful for the opportunities that you have given us to prove that we provide superior products and services. Please call your Franklin Synergy banker (615-236-BANK) or visit our website (www.franklinsynergybank.com) to learn of new, innovative ways we can help you manage your financial life. Thank you!
"Move Your Money"
People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions like Franklin Synergy that generally avoided the reckless investments and schemes that helped cause the financial crisis. Move Your Money is a grassroots effort, attracting thousands of people and it has the potential to shift power in the financial system away from Wall Street and to Main Street. For more information about “Move Your Money” check out the video, read up on what inspired the idea, or call Franklin Synergy Bank.
It is TIME TO VOTE in the FOURTH Annual SIZZLE AWARDS!
Presented by Southern Exposure Magazine & Franklin Is.com: This is a reader's choice poll, allowing you, the public, to vote for your favorite businesses. You can help choose Williamson County's best banks, restaurants, retail stores, hair salons, golf courses, doctors, events and so much more! Don’t forget to write in your favorite Williamson County Bank…..Franklin Synergy!
Vote here: http://www.franklinis.com/poll/
FRANKLIN SYNERGY BANK TRAVEL CLUB NEWS….
- 11-Night Ultimate Caribbean Cruise - SOLD OUT!
January 24, 2010 - February 5, 2010
- Springtime In The South
March 20-25, 2010
Motor coach trip to Charleston, Savannah & the Macon Cherry Blossom Festival
Cost per person: Double: $1,499 Single: $1,884 Triple: $1,368
Deposit: $100/person due with reservation
Final payment due - January 20, 2010
- Canadian Rockies
July 13 - 19, 2010
Featuring Glacier National Park, Waterton Lakes National Park, Kootenay National Park, Icefields Parkway, Calgary, Lake Louise, & Banff
Cost per person: Double: $2,799 Single: $3,549
Deposit: $510/person due with reservation
Final payment due - April 29, 2010
Franklin Synergy Bank Team News
Mortgage Banker Chuck Wells Joins Franklin Synergy Bank
Please help us welcome Chuck Wells to the Franklin Synergy Bank family. Chuck has more than 13 years experience in mortgage origination and joins us from SunTrust Bank.
We're delighted to have Chuck with us. Expertise in mortgage lending has never been more critical than in a difficult time such as the current market. While some of the larger banks have cut back their mortgage lending, Franklin Synergy Bank is open for business.
Chuck is a Nashville native and a graduate of Battle Ground Academy in Franklin. He holds a B.S. in Real Estate Finance from the University of Tennessee in Knoxville and is active in the community through the Franklin Lions Club and the South Nashville Exchange Club. In addition, he serves on the Board of Directors of the Exchange Club Family Center in Nashville and as President of the Maryland Way chapter of BNI (Business Networking International) in Brentwood.
Chuck is based at our Mortgage Office in the Synergy Office Park in Brentwood. You can reach Chuck at (615) 564-6336 or by email at email@example.com.
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 http://www.franklinsynergybank.com/. Franklin Synergy Bank 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 open at 7101 Executive Center Drive, Suite 110 in Brentwood. We appreciate your continued interest in Franklin Synergy Bank.