CEO out at Franklin Synergy Bank

Richard Herrington, CEO of Franklin Synergy Bank, is leaving the bank he has led since its launch in 2007.

The bank (NYSE: FSB) announced late Friday afternoon that Herrington is retiring. In addition, his son Kevin Herrington is resigning as the bank's chief operating officer. Both departures are effective immediately.

A news release about the leadership changes did not elaborate on the sudden nature of the departures or why the executives were leaving in tandem. A company official could not be…

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