We were part of the state system until 1997 when we. Historically, crews patrolled all facilities and used customer calls to. Jackson, named after the father of the modern mental health movement in Arkansas. Mid-South Synergy removes tree hazards as part of its normal electric operations.
#Midsouth synergy pro
Upon closing of the transaction, on a pro forma basis, Franklin Synergy Bank will continue to maintain regulatory capital ratios in excess of the “well-capitalized” level. In 1968 Mid-South Health Systems opened its doors as the first community mental health center in Northeast Arkansas. The transaction is expected to close during the first or second quarter of 2014, pending regulatory approvals, the approval of the shareholders of both companies and the satisfaction of other customary closing conditions. The headquarters for the combined company and bank will remain in Franklin. Upon completion of the transaction, based on financial results as of September 30, 2013, the combined bank will have approximately $920 million in total assets, $758 million in total deposits and $544 million in total loans while operating in the demographically attractive Tennessee markets of Williamson and Rutherford counties.īased on JFDIC deposit data, Franklin Synergy Bank ranked third in deposit market in Williamson County while MidSouth ranked fifth in Rutherford County. “We are uniting two strong community banks and creating a dominant community bank in the Middle Tennessee banking market with greater competitive strength, growth potential and profitability.” “This merger creates tremendous opportunities to build on the successes that each company has achieved individually in its own markets,” Moss said in a statement released by the bank Thursday morning. Upon closing, Moss and two of MidSouth’s existing outside directors will join the board of Franklin Network, Inc., expanding the total number of directors to 10. Busbey, MidSouth’s CFO of the combined bank.  Kimble, Franklin Synergy Bank’s CFO, will be the combined company’s CFO and Kevin D.
Moss, chairman and CEO of MidSouth Bank, will be the president of the combined organization.
shareholders will own approximately 64% of the combined company MidSouth Bank’s shareholders will own approximately 36%. Upon closing, Franklin Financial Network, Inc.
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