tennessee bank and trust franklin

Visit the Cool Springs Branch location in Franklin for your banking needs and Our U.S. Bank specialists offer banking, trust and investment support. First National Bank of Tennessee is located right in the heart of the Upper Cumberland with 7 convenient locations to serve you! FRANKLIN – The paperwork was completed and signs were changed last week completing the merger of Murfreesboro-based MidSouth Bank & Trust. tennessee bank and trust franklin

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    MidSouth Bank joins Synergy

    FRANKLIN – The paperwork was completed and signs were changed tennessee bank and trust franklin week completing the merger of Murfreesboro-based MidSouth Bank & Trust and Franklin Synergy Bank, Franklin Financial Network announced.

    Operating as Franklin Synergy Bank, the combined bank completed the merger on July 1.

    In addition to Franklin Synergy’s six locations in Williamson County, the merger adds an additional five locations in Rutherford County, for a total of 11 banking locations. Markets picked up by Franklin Synergy Bank include Murfreesboro and Smyrna.

    Now the banks have joined legally, Midsouth Bank announced it will convert its data and accounts to the Franklin Synergy system over the coming weekend.

    Starting Friday tennessee bank and trust franklin, customer accounts will be converted from MidSouth to Franklin Synergy. Officials assured customers should experience little inconvenience from the conversion.

    Debit cards will work throughout the weekend. ATMs will be unavailable over the weekend, but customers will be able to tennessee bank and trust franklin their money through any other ATM in town without cost. MidSouth’s website will also be down and all the bank’s offices will be closed Saturday.

    Normal bank operations will resume Monday, July 14.

    “This merger creates tremendous opportunities to build on the successes that each company has achieved individually in its own markets,” said President of Franklin Synergy Bank Lee M. Moss, former chairman and CEO of MidSouth Bank. “We are uniting citizens bank auto loan calculator strong community banks tennessee bank and trust franklin creating a dominant community bank in the Middle Tennessee banking market with greater competitive strength, growth potential and profitability.”

    The new Franklin Synergy Bank now has approximately $1.1 billion in total assets, $977 million in total deposits and $641 million in total loans based on financial results as of March 31 while operating in the demographically attractive Tennessee markets of Williamson and Rutherford counties.

    Based on June 30, 2013, FDIC deposit data, Franklin Synergy Bank ranked third in deposit market in Williamson County while MidSouth ranked fifth in Rutherford County.

    “This merger is a continuation of our strategy to expand selectively our geographic footprint in contiguous markets with long-term growth potential,” said Richard E. Herrington, who was the president and CEO of Franklin Synergy Bank, but was named tennessee bank and trust franklin, president and CEO of Franklin Financial Network Inc., as well as chairman and CEO of Franklin Synergy Bank with the merger.

    “Moreover, MidSouth customers and Rutherford County will benefit from the continued presence and engagement of a locally managed bank,” Herrington said.

    The headquarters for the combined company and bank will remain in Franklin.

    With the changes to the titles of Moss and Herrington, Sally P. Kimble, chief financial officer of Franklin Synergy Bank, is now executive vice president, CFO of Franklin Financial Network Inc. Kevin D. Busbey, MidSouth’s CFO, is now the CFO of Franklin Synergy Bank. Dallas Caudle, president and COO of MidSouth Bank is now executive vice president, chief investment officer and Rutherford County community president of Franklin Synergy Bank.

    Former directors of MidSouth Jimmy Allen, Matt Murfree and Moss have joined the boards of Tennessee bank and trust franklin Synergy Bank and Financial Network Inc., expanding the total number of directors to 10.

    Founded tennessee bank and trust franklin 2007, Franklin Financial Network is the tennessee bank and trust franklin company of Franklin Synergy Bank.

    MidSouth Bank and Franklin Synergy announced in November 2013 they planned to merge.

    Contact Michelle Willard at 615-278-5164 or [email protected] Follow her on Twitter @MichWillard.


    Источник: https://www.dnj.com/story/money/business/2014/07/07/midsouth-completes-merger-with-franklin-synergy/12308757/
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