April 2010 E-News Bulletin

Franklin Synergy Bank | April 2010 eBulletin
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Welcome to the Franklin Financial Network April 2010 eBulletin!

Dear Friends,
These have been troubling times for the banking industry.  More banks were forced to close in 2009 than in any prior year in history.  Already in 2010, nearly 50 banks have been shut down and the likelihood is that more banks will be closed in 2010 than in 2009. While the origins of the current chaos in the banking industry are numerous, the end result is an industry mired in confusion and searching for answers and help.
The natural temptation for many banks today is to reduce lending, adopt a defensive strategy, and simply try to survive until the economy returns to healthy condition. This strategy leads to overly aggressive tightening of credit standards and missed opportunities to extend credit when the risk is reasonable. A better path is for banks to return to the business of managing risk, a path the industry has unfortunately moved away from in recent years.
From a national as well as local perspective, continued reluctance to lend on the part of banks will be detrimental (if applied universally) as our economy tries to rebound.  Economic expansion will not occur with credit widely unavailable, a possible scenario that policy makers must take into serious consideration.
Franklin Synergy Bank has chosen the better path of managing risk rather than following the trend of the banking industry.  We are making loans to those who qualify and growing banking relationships in the community. Even in these trying economic times, our customers are building homes and expanding businesses, providing excellent lending opportunities.
Our commitment to meeting the borrowing needs of the community is best illustrated by our growth.  Since we opened Franklin Synergy Bank in November 2007, we have grown our loan portfolio to over $169 million (as of March 31, 2010).  Additionally, during that same period, we have originated over $187 million of home loans to local residents.  These are impressive totals.
We recently raised new capital to fuel additional growth. While there are banks in the unfortunate position of being forced to raise capital to survive, Franklin Synergy’s additional capital will be deployed to meet developing credit needs in Williamson County.
 
Franklin Synergy has been very successful in our first 30 months of existence, and you, our customers, have played a major role in this success.  We thank you for your business and support.  Give us the opportunity to further serve you and strengthen your financial fitness, allowing you to become more stable and more profitable.  Help us help others by introducing your friends and neighbors to your Franklin Synergy banker at (615) 236-BANK (2265) or to our website at www.franklinsynergybank.com.   Together, we can rebuild our local economy.

Watch for our MAY e-news bulletin with information about the debut of our NEW Columbia Avenue branch and headquarters!
We’ll also announce the date of our GRAND OPENING celebration!!

Notice of Annual Shareholder Meeting

Franklin Financial Network, Inc. will welcome shareholders to our annual Shareholder Meeting at 5PM on Thursday, April 22rd. The meeting will be held at our Cool Springs branch – 3301 Aspen Grove Drive, Suite 106 in Franklin. Please call or email Aimee Punessen at (615) 236-4609 or aimee.punessen@franklinsynergy.com with any questions.

Franklin Synergy at the 24th Annual Southern Women’s Show

Franklin Synergy Mortgage Consultant Chuck Wells participated in the 24th Annual Southern Women’s Show at the Nashville Convention Center in early April. More than 500 exhibitors attended this highly anticipated event that attracts thousands of local women each year with fashion shows, financial management information, cooking demonstrations,  health screenings, decorating ideas, personal growth opportunities and celebrity guest appearances — all tailored especially for women.
 
For all your mortgage needs, you can reach Chuck Wells at (615) 564-6336 or chuck.wells@franklinsynergy.com.
 
  

FRANKLIN SYNERGY BANK TRAVEL CLUB NEWS….

Upcoming Travel…..  

  • Canadian Rockies
    July 13 - 19, 2010
          

    Deposit: $510/person due with reservation
    Trip closes April 29, 2010
  • 10-Night Colors of Canada & New England Cruise
    aboard Holland America’s Eurodam
    September 26 – October 6, 2010 

    Deposit: $300/person ($600 per cabin)
    Trip closes on June 29th
  • A San Antonio Christmas
    December 1-5, 2010
    Details coming in May  
  • Call or email Sandy Green at 615-236-4614 or sandy.green@franklinsynergy.com for reservations and more information about all of our great trips. Complete information about all travel opportunities is available on our website at https://www.franklinsynergybank.com/. You may register for trips online.

Franklin Synergy Bank Team News

2010 Tennessee Bankers Association Strategic Technology Conference

 
Franklin Synergy President Richard Herrington was invited to address the April 8th Tennessee Bankers Association Strategic Technology Conference. His presentation “Information Technology Economics 101: Leveraging Technology and Growing Profitability” explored the best practices for community banks to invest in banking technology as well as the reasons community banks must do so to survive. We’ve always had a firm commitment to investment in banking technology at Franklin Synergy. Our customers demand it and we find that it is a highly effective productivity tool.

Franklin Synergy Director Dr. David Kemp wins 2009 Annual Franklin Sizzle Award!

 
Please help us congratulate Franklin Synergy Director Dr. David Kemp for winning “Best Orthodontist” award in 2009’s Annual Franklin Sizzle Awards! The Franklin Sizzle awards, presented by Southern Exposure Magazine and FranklisIs.com poll readers throughout Williamson County for the best local businesses and vendors. Dr. Kemp has won the award several times. Congratulations David!

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 https://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.
 
Sincerely,
Richard Herrington

   
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