Franklin Financial Network (FSB) IPO Opens Flat

Today's IPO for Franklin Financial Network (NYSE: FSB) opened for trading at $21 after pricing 2,640,000 shares of common stock at a price of $21 per share.

BofA Merrill Lynch is acting as sole book-running manager of the offering. Raymond James is acting as lead-manager and Sterne Agee is acting as co-manager.

Founded in 2007, Franklin Financial Network, Inc. is the holding company of Franklin Synergy Bank, a full-service community bank operating 11 branch offices in Williamson and Rutherford Counties. With total assets of approximately $1.36 billion, the company's unparalleled competitive advantage is its 219 full-time equivalent employees and a strong corporate culture paired with a clear vision that has provided customers with uncompromising services and individualized solutions to their financial needs.

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