trending Market Intelligence /marketintelligence/en/news-insights/trending/pb1LsawrcoOxXa_Vc1TXAw2 content esgSubNav
In This List

Regulators terminate Franklin Synergy Bank MOU

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


Regulators terminate Franklin Synergy Bank MOU

Franklin, Tenn.-based Franklin Financial Network Inc. said that banking regulators have terminated the memorandum of understanding signed by unit Franklin Synergy Bank in November 2016.

The termination was effective Jan. 14.

Franklin Synergy Bank signed an MOU with the Federal Reserve Bank of Atlanta and the Tennessee Department of Financial Institutions that required an enhancement of the bank's credit risk management practices and prior written approval when paying dividends to Franklin Financial Network.