1st Franklin Financial, List of mortgage lenders Alabama

Food Bank receives $40000 gift from 1st Franklin Financial Corporation

24.05.13

“We run trucks throughout the Wiregrass,” said David Hanks, executive director of the Food Bank, as he explained the urgency of the need. “We have one, a refrigerated truck, that is on it’s last leg. We realized we had the need for a new truck and, three months ago, we started making plans to raise the money. This $40,000 gift from 1st Franklin Financial Corporation will go toward replacing that truck.

“Thank you to 1st Franklin Financial for contributing to the Food Bank and to the residents of the Wiregrass.”

Officials from 1st Franklin Financial were on hand to personally deliver the funds to Hanks. The gift, it was noted, is the company’s way to assist the communities in which it does business.

“Every year that we’re able to have a prosperous year, our CEO takes the opportunity to give back,” said Mike Whitaker, operations vice president for Alabama and is based in Pelham. “We operate in six states. He allocates each state a certain amount of money to be awarded. It’s a great part of my job to make those phones (to alert the recipients of the gifts). We’re a great Christian-based company. We want to give back to the communities. They have been good to us.

Source: http://www.dothaneagle.com/news/dothan_progress/article_8ea75b6e-a909-11e2-a0a9-001a4bcf6878.html

FRANKLIN FINANCIAL SERVICES CORP : Franklin Financial reports 13 ...

24.05.13

"The current economic climate continues to be a challenge," commented William E. Snell, Jr., president and CEO. "The length of this slowdown is unprecedented. There have been some signs of improvement in the economy, but we're still experiencing many of the factors - lower real estate values, high unemployment, increased loan delinquency, and low interest rates - that significantly impact consumers and businesses, including most community banks. Industry wide, earnings at many banks have shown improvement, but the boost appears largely related to comparatively lower reserves for loan losses. The industry is experiencing slow commercial loan growth and the mortgage refinance boom is sputtering."
Total assets at March 31, 2013 were $1.05 billion, a 1.8% increase from total assets of $1.04 billion at March 31, 2012. Total deposits and repurchase agreements were $941.5 million at the end of the first quarter 2013, increasing 6.0% from the first quarter of 2012. At quarter end,

Source: http://www.4-traders.com/FRANKLIN-FINANCIAL-SERVIC-408927/news/Franklin-Financial-Services-Corp-Franklin-Financial-reports-13-increase-in-1st-quarter-earnings-16798729/