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Franklin Financial Network Files Application With The Federal Reserve For Approval Of Merger With Civic Bank & Trust

Franklin Financial Network Files Application With The Federal Reserve For Approval Of Merger With Civic Bank & Trust

PR Newswire

FRANKLIN, Tenn., Nov. 10, 2017 /PRNewswire/ — Franklin Financial Network, Inc. (NYSE: FSB), the parent company (the “Company”) of Franklin Synergy Bank, today announced that an application for the approval of its previously announced merger with Civic Bank & Trust (“Civic”) has been filed with the Federal Reserve. The proposed acquisition of Civic by the Company, which was originally announced on December 14, 2015, has been approved by each company’s Board of Directors. Completion of the transaction is subject to the receipt of required regulatory approvals, the approval of Civic’s shareholders and satisfaction of customary closing conditions.

Franklin Financial Network Logo (PRNewsFoto/Franklin Financial Network, Inc)

Safe Harbor for Forward-Looking Statements

This media release contains forward-looking statements. Such statements include, but are not limited to, expected operating results, including market share and shareholder value, strategy for growth and profitability, projected sales, gross margin and net income figures, the availability of capital resources, and plans concerning products and market acceptance. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “strategies” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Risks and uncertainties that could cause the corporation’s actual results to materially differ from those described in forward-looking statements include those discussed in Item 1A of the corporation’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission on March 16, 2017. Future events and actual results, financial and otherwise, could differ materially from those set forth in or contemplated by the forward-looking statements herein. Future operating results of the corporation are impossible to predict, and no representation or warranty of any kind can be made respecting the present or future accuracy of such forward-looking statements or the ability of the corporation to meet its obligations, and no such representation or warranty is to be inferred.

About the Company

Franklin Financial Network, Inc. is a financial holding company headquartered in Franklin, Tennessee. The Company’s wholly-owned bank subsidiary, Franklin Synergy Bank, a Tennessee-chartered commercial bank founded in November 2007 and a member of the Federal Reserve System, provides a full range of banking and related financial services with a focus on service to small businesses, corporate entities, local governments and individuals. With consolidated total assets of $3.57 billion at September 30, 2017, the Bank currently operates through 12 branches and one loan production office in the growing Williamson, Rutherford and Davidson Counties, all within the Nashville metropolitan statistical area. Additional information about the Company, which is included in the NYSE Financial-100 Index, and the FTSE Russell 2000 Index, is available at www.FranklinSynergyBank.com.

Sarah Meyerrose
EVP, Chief Financial Officer
(615) 236-8344

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SOURCE Franklin Financial Network, Inc.

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