Welcome to the Franklin Financial Network March 2011 eBulletin!
Over the last few months, I’ve mentioned how thankful we are to be operating a bank in Williamson County. While our community did not escape all of the effects of the “Great Recession”, our community is truly blessed with a business environment that has been conducive to growth and prosperity.
The economic numbers support our observation of the strength of the local economy. Economic vitality and job growth run parallel. Williamson County’s unemployment level is 6.5%, higher than three years ago but significantly better than the unemployment levels regionally and nationally. During this economic cycle, we have added jobs locally and there appear to be more jobs on the way.
Income levels in the county have remained impressive. Based on information from 2006-2008, the county’s median household income ranked 17th in the nation among the 3,141 counties in the US.
Our local government entities have shown fiscal responsibility. Williamson County, the City of Franklin, and the City of Brentwood all have been rated Aaa by Moody’s rating service.
In addition, our local real estate market has remained active. A quarterly study by the economic consulting firm Metrostudy indicates that home sales are outpacing home construction, leading to a declining inventory of new homes. At the end of 2010, the inventory of new homes in Williamson County was less than nine months. The Williamson County Association of Realtors reports that the average price of homes sold in Williamson County has climbed to $444,000 from a low of $411,000 in 2008.
Why have we been so fortunate? Obviously, there are many factors, including our commitment to education, the leadership of our business and government entities, a simultaneous focus on both historic preservation and economic growth, and a conservative business environment. We owe a debt of gratitude to those who have created this environment.
The future looks bright for our community and our bank. There is every reason to believe that better times are ahead of our local community, although we cannot ignore national economic trends. Our challenge is to learn from our experiences and to continue to be good stewards of our many blessings.
Franklin Synergy can help you with your financial planning needs. Our bankers are experienced and understand your borrowing and deposit needs. Now is the time to plan for the future. Please call one of bankers and give us the opportunity to share with you our perspectives and our expertise.
Thank you for your continued support and patronage.
Join us on Thursday, March 31 for breakfast and a ribbon cutting at our new Brentwood Office!
Franklin Synergy Awarded United Way of Williamson County’s 2010 Greatest Campaign Award and Circle of Caring Award
Franklin Synergy United Way Campaign Manager Al Dorsey celebrates Franklin Synergy’s 2010 Campaign Awards with
Aimee Punessen, Jocee Geraghty and
FSB President Richard Herrington
Franklin Synergy Supports the National Guard Association of Tennessee (NGATN)
Mortgage Loan Officer Phyllis Bond at the NGATN 2011 Annual State Conference March 3-6
FRANKLIN SYNERGY BANK TRAVEL CLUB NEWS….
Pineapple Gold Winter 2011 Southern Caribbean Cruise
Carl Hurley & Jeanne Robertson Comedy Show Double Fun! Clean, uplifting humor May 3, 2011
He’s 5’6" standing on tiptoe. She’s 6’2" with her hair "mashed down." He grew up swapping homespun stories in the hills of Eastern Kentucky. She’s a former Miss North Carolina who finds comic inspiration in everyday events.
Trip will include: Roundtrip motorcoach; lunch included, all fees, admissions, taxes and gratuities!
Cost Per Person: $87
Final Payment Due: March 18
Summer Sail & Rail
July 17 - July 22, 2011
See the very best of New Hampshire and Maine by Land, Rail and Sea! You’ll enjoy spectacular views with train rides up the highest mountain in the northeast. Travel past stunning scenic valley vistas as well as picturesque lake front communities. Capture the scenery in your photos as you tour by boat past the lighthouses of Portland, Maine and along the shores of New Hampshire on one of America’s largest lakes.
Stay at the luxurious White Mountain Hotel & Resort where you will enjoy the finest amenities including deluxe accommodations, exceptional cuisine in the famous Ledges Dining Room, year-round outdoor heated pool and Jacuzzi, and state-of-the-art fitness center with Finnish saunas, a professional golf course and tennis court.
Cool Springs Montessori Ground-breaking
Franklin Synergy customers Sean and Kimberly Caley and Neeti Agarwal and Shishir Bhushan celebrate the groundbreaking of Cool Springs Montessori School on Thursday, March 10. The school, to be built at 207 Gothic Court in Franklin, plans to open in the fall of 2011. Designed by Michael Hindman of H. Michael Hindman Architects PC and constructed by Baron Dowdle Construction, the project illustrates the continued strength of the local economy in Williamson County.
“The demand for quality education in Williamson County continues, and Cool Springs Montessori fills a need in the community,” said Jere Pewitt, Franklin Synergy banker for the project. “We are actively funding well thought out, creative construction.”
Pictured left to right are: Steve Mollenhour, Michael Baron, Franklin Synergy President Richard Herrington, Sean Caley, Franklin Synergy banker Jere Pewitt, Kimberly Caley, architect Michael Hindman, Neeti Agarwal, Harry Harris, Shishir Bhushan, Randy Perry and Kathy Conlin, Education Director.
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 has 3 locations, our downtown Franklin headquarters at 722 Columbia Avenue, our Cool Springs branch at 3301 Aspen Grove Drive, Suite 106 and our new Brentwood office at 4930 Thoroughbred Lane. 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.