Franklin Synergy in Tennessee Considering IPO

By Amilda Dymi July 02, 2014, 5:14 p.m. EDT 1 Min Read

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Franklin Synergy Bank in Franklin, Tenn., is taking a look at going public.

The bank, which recently crossed $1 billion in assets, will focus on previously disclosed plans to conduct an initial public offering next year, Chairman and Chief Executive Richard Herrington told the Nashville Business Journal.

Franklin Synergy, which had $618 million in assets a year earlier, recently bought MidSouth Bank in Murfreesboro, Tenn.

"We don't see the need to go out and acquire three or four more banks" unless there is another great opportunity, Herrington told the publication. Herrington added that the bank is well-positioned to grow organically.

Amilda Dymi

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