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Franklin Bank Defends Quality Of its Mortgage Balance Sheet.
HOUSTON -- Franklin Bank Corp., the parent company of Franklin Bank SSB, reported net income of $6.2 million for the first quarter 2007.
In its business update, Franklin said the company's single-family portfolio has an overall average FICO score of 711 and an average loan-to-value of 72%.
"As a result of an extensive analysis of our single-family portfolio, we believe that our delinquent loans are not the result of systemic credit issues. The majority of our delinquencies are the result of normal life event circumstances," said Dan Cooper, EVP and managing director of mortgage banking.
As a result of the current housing market conditions, some of Franklin's builder customers have slowed or moderated ...
- Franklin Bank to Provide Two Credit Cards: Franklin Bank Business Card &...
- Press release article from: PR Newswire January 12, 2000 700+ words
...maintenance sources of business credit, Franklin Bank, N.A. (Nasdaq: FSVB), Southeastern...two new credit cards to its customers: the Franklin Bank Business Card and the Franklin Bank Business Travel Card. These cards were created...
- Franklin Bank Expands in East Texas.
- Press release article from: PR Newswire August 22, 2006 700+ words
HOUSTON, Aug. 22 /PRNewswire-FirstCall/ -- Franklin Bank, S.S.B. (Franklin Bank), a subsidiary of Franklin Bank Corp. , announced the signing of a purchase and assumption agreement with Equity Bank...
- Franklin Bank Announces Promotion of Kelley C. Lee.
- Press release article from: PR Newswire May 11, 2007 700+ words
...May 11 /PRNewswire-FirstCall/ -- Franklin Bank Corp. , the parent company of Franklin Bank, S.S.B., today announced the promotion within Franklin Bank, S.S.B. of Kelley C. Lee to the position...
- Franklin Bank Corp. Signs an Agreement to Acquire First National Bank of Bryan.
- Press release article from: PR Newswire December 4, 2006 700+ words
...HOUSTON, Dec. 4 /PRNewswire-FirstCall/ -- Franklin Bank Corp. (Franklin or Company), the parent company of Franklin Bank, S.S.B. (Franklin Bank), and First National Bank of Bryan announced...
- Franklin Bank Completes the Purchase and Assumption of Two Banking Offices in...
- Press release article from: PR Newswire December 12, 2006 700+ words
HOUSTON, Dec. 12 /PRNewswire-FirstCall/ -- Franklin Bank, S.S.B. (Franklin Bank), a subsidiary of Franklin Bank Corp. , announced the completion of the purchase and assumption with Equity Bank for...
- Franklin Bank Announces New Capital Infusion; Enhanced Product Offerings...
- Press release article from: Business Wire April 12, 2002 700+ words
...BUSINESS WIRE)--April 12, 2002 Franklin Bank, "Austin's Hometown Bank...continue to operate under the name Franklin Bank and will maintain its headquarters...Rhodes will remain board members of Franklin Bank. Mr. Ranieri and Mr. Nocella...
- Franklin Bank Corp. Completes Acquisition of The First National Bank of Bryan.
- Press release article from: PR Newswire May 9, 2007 700+ words
...PRNewswire-FirstCall/ -- Franklin Bank Corp. today announced the closing...community banking presence of Franklin Bank Corp. in the Central Texas market...dynamic banking institution as Franklin Bank. Franklin's philosophy of high...
- Franklin Bank to Increase Reserves.
- Press release article from: PR Newswire November 26, 2007 700+ words
...PRNewswire-FirstCall/ -- Franklin Bank Corp. (Franklin or Company), the parent company of Franklin Bank, S.S.B., today announced...conducted a complete evaluation of Franklin Bank's loan portfolio and reviewed...