HOUSTON, March 12, 2007 (PRIME NEWSWIRE) -- Anthony J. Nocella, President and CEO of Franklin Bank Corp. (Nasdaq:FBTX) (AMEX:FBK-P) (Franklin or Company), the parent company of Franklin Bank, S.S.B., today announced the promotion and expanded responsibilities of three top executives.
* Andy Black, who has been promoted to President and Chief
Operating Officer and named Director of Franklin Bank S.S.B.,
will be responsible for community banking operations and Central
Texas.
* Russell (Rusty) Workman, who has been promoted to President of
Commercial Lending - Community Bank for Franklin Bank S.S.B. and
will be responsible for commercial lending for the community bank
and East Texas.
* Jan Scofield was named Chief Information Officer and her duties
will include network, telecommunications, and management of new
technology products and projects for Franklin Bank S.S.B.
The expansion of responsibilities for this trusted trio should enable Franklin Bank to continue to grow and will aid in our transformation to one of the largest community banks in Texas," said Nocella. "They have all excelled and I am proud to have them as part of my Executive Leadership Team."
Mr. Black was previously Franklin's Executive Vice President and Managing Director of Central Texas. Prior to joining Franklin, Mr. Black was Managing Director and Senior Vice President with JP Morgan Chase. He has more than 20 years of banking experience and has lived in Austin for more than 30 years. "During his time with Franklin, Andy has proven his leadership and management skills by overseeing the vast expansion of our Central Texas banks," said Nocella.
Mr. Workman was previously the Executive Vice President and Managing Director of East Texas. Before joining Franklin, Mr. Workman served as President and CEO of The First National Bank of Athens since 1994. He has more than 30 years of community banking experience and is engaged in economic development and service activities in support of the bank's market area. "In addition to his management track record, Rusty has excelled as a top commercial lender," Nocella said.
Ms. Scofield was previously the Executive Vice President and Managing Director of Technology and has been with Franklin since its founding. Prior to joining Franklin, Ms. Scofield was the VP E-commerce with Bank United and an IT Manager in the U.S. Department of Defense. She has more than 25 years of technology experience. "Jan has excelled in integrating our many acquisitions into the Franklin operational systems, as the bank has grown to a $5.5 billion institution in less than five years," Nocella added.
"This recognition of these three executives is well-deserved," said Nocella. "And with this reorganization we will be able to take advantage of their management expertise throughout our community bank as we set the policies and direction for the future."
Corporate Overview
Franklin Bank Corp., headquartered in Houston, Texas, was formed in April 2002 and is now a $5.5 billion company. Franklin's common stock initiated trading on the NASDAQ in December 2003 under the ticker symbol FBTX. Franklin Bank Corp.'s common stock is currently included within the following indices: Russell 3000, Russell 2000, Russell Microcap, American Community Bankers, S&P SmallCap 600 Index, S&P Composite 1500, S&P 1000, NASDAQ Bank, NASDAQ Composite, NASDAQ NNM Composite, and NASDAQ Global Select Market Composite. In May 2006, Franklin raised additional capital through a Preferred Stock offering that is now trading on the AMEX under the ticker symbol FBK-P.
Franklin's community banking philosophy focuses on a high growth commercial lending approach outside the major metropolitan cities in Texas. In addition to its corporate headquarters in Houston, there are currently 38 community banking offices in Texas, 8 regional commercial lending offices, and 37 mortgage loan production offices located throughout the United States.
Through its subsidiary, Franklin Bank S.S.B., Franklin offers a wide variety of commercial products that allows it to serve customers in communities, as well as on a national basis. Franklin Bank focuses on providing high-quality personalized service through its "trusted financial advisors" and strives to meet all of the financial needs of its customers. In addition to various deposit and loan products, Franklin Bank offers retail brokerage services. For more information, you can visit its website at http://www.bankfranklin.com . Franklin Bank is FDIC insured and an equal housing lender.