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.
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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.
EVP, Chief Financial Officer
SOURCE Franklin Financial Network, Inc.