Nashville Business Journal’s 2017 Power Leaders in Finance: Banking
Richard Herrington, Chairman and CEO, Franklin Synergy Bank
What is the biggest tech threat to your industry/job, and what is the biggest tech opportunity? Biggest threat: hackers impacting our customers’ information and transactions. Biggest opportunity: finding better ways to service our customers.
If you had an extra $100,000 you had to invest, what would you invest in, and why? Nashville-based companies. There are so many opportunities for our local companies to grow and create shareholder value.
What is the biggest mistake people make with their money? Inattention to important details of planning for the future. Financial planning is a science requiring foresight and execution.
You have a client who wants to buy a home in Nashville, TN as an investment. What do you tell him or her? Good idea, but consider the location for convenience, school systems and traffic.
What is your biggest concern and opportunity in your industry in light of the new federal administration? The biggest opportunity is the removal of burdensome and consumer unfriendly regulation. The biggest concern is over optimism of potential changes.
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