The executive who last month joined Franklin Financial Network to oversee its strategy has been named the company’s CFO, effectively immediately.
Chris Black has taken over the top finance role at the parent of Franklin Synergy Bank from Sarah Meyerrose, who will retire from the 11-year-old company next month.
Black recently joined Franklin Financial from FirstBank, where he had most recently been CFO of banking. Before that, Black worked in investment management and research in New York City, where he specialized in the banking sector while at Merrill Lynch and ISI Group.
“We have been fortunate to be able to strengthen our management team over time, adding individuals with industry-leading talent, extensive banking experience and successful track records,” Chairman, President and CEO Richard Herrington said. “I want to extend our deepest appreciation to Sarah for her hard work and commitment to honing the quality of our financial operations. She has made a positive and indelible imprint on our company.”
Meyerrose joined Franklin Financial two and a half years ago from Civic Bank & Trust, which Herrington and his team were in the middle of acquiring. She had been president and CEO of Civic for nearly two years and before that ran a bank consulting firm and held several senior posts at First Horizon National, the parent of First Tennessee Bank.
“I have truly enjoyed working with Franklin Financial Network,” Meyerrose said. “ My tenure here has afforded me many opportunities to contribute to the success of a dynamic company, and I will cherish the many memories and friends I have made. I am, however, looking forward to retirement after being part of the Tennessee banking community for over 40 years, and I’m confident that the financial operations of Franklin Financial Network and Franklin Synergy Bank are in good hands with Chris.”