Franklin Synergy Bank has launched a health care banking group after luring a key team from fellow local lender CapStar Bank.
Leading Franklin Synergy’s health care charge is Tim Fouts, a former senior vice president at CapStar who is now an executive VP of corporate and health care banking at Franklin Synergy. Also making the move are Senior VP Lisa Fletcher, Assistant VP Tate Myers and Administrative Assistant Jamie Byrn.
The team — which helped CapStar build a health care portfolio of more than $200 million in a little more than two years — is based at Franklin Synergy’s Cool Springs office on Aspen Grove Drive in Franklin, TN, but will eventually move to Nashville, TN. When they do, they will mark the bank’s first formal foray into Davidson County.
“We are pleased to launch our Healthcare Banking group at Franklin Synergy with this new team that brings experience and growth potential for our bank,” said Richard Herrington, chairman and CEO of Franklin Synergy. “Health care is a primary driver of the economy in Middle Tennessee and a natural expansion of our scope of business lending activities.”
Fouts had been at CapStar since before it opened its doors in the summer of 2008. Before that, he had worked at JPMorgan Chase as a senior VP and as a financial consultant at Merrill Lynch. Fletcher helped launch CapStar seven and a half years ago and before that worked at at FirstBank in Nashville, TN and Adirondack Bank in Utica, New York. At CapStar, the duo and its team focused on teaming with private-equity firms that work with health care companies that have revenues of at least $25 million.
At CapStar, Chief Credit Officer Mark Mattson (pictured at right) is taking over as leader of its health care banking group. Mattson joined the bank in August 2007 after spending more than a decade as a managing director at SunTrust Robinson Humphrey.
“Much of Mark’s career has been focused on health care lending,” said CapStar COO Dan Hogan. “His familiarity with building client relationships and his personal integrity are just two factors that contribute to the respect he enjoys at CapStar and in the health care community.”
Shares of Franklin Financial (Ticker: FSB) were up slightly to $20.93 in Monday afternoon trading. They went public at $21 in late March and have traded at or just below that level since.
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