Document:

EX-10.30

 Exhibit 10.30 

FRANKLIN FINANCIAL NETWORK, INC. 

CONFIDENTIALITY, NON-COMPETITION AGREEMENT AND
NON-SOLICITATION AGREEMENT 
 SALLY P. KIMBLE 

This Confidentiality, Non-Competition, and Non-Solicitation Agreement (this “Agreement”) is entered into as of this 29th day of January, 2014, between Franklin Financial Network, Inc. (the “Company”), a Tennessee corporation and Sally P. Kimble (“Executive”). 

WHEREAS, Executive is an employee of the Company, who has been employed to provide guidance, leadership,
and direction in the growth, management, and development of the Company and has learned trade secrets, confidential procedures and information, and technical and sensitive plans of the Company, 

WHEREAS, the Company desires to restrict, after the Executive’s Termination of Employment (as defined below) with
the Company, the Executive’s availability to other banks or entities that compete with the Company, 
 NOW
THEREFORE, in consideration of these premises, the mutual promises and undertakings set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
Executive and the Company hereby agree as follows: 
 1. Administration of this Agreement. 

(a) Administrator duties. This Agreement shall be administered by the Company’s board of directors or by such committee or person
as the board shall appoint (the “Administrator”). The Executive may not be a member of the Administrator. The Administrator shall have the discretion and authority to (i) make, amend, interpret, and enforce all appropriate rules and
regulations for the administration of this Agreement and (ii) decide or resolve any and all questions that may arise, including interpretations of this Agreement. 

(1) Agents. In the administration of this Agreement, the Administrator may employ agents and delegate to them such
administrative duties as it sees fit (including acting through a duly appointed representative) and may from time to time consult with counsel, who may be counsel to the Company. 

(2) Binding effect of decisions. The decision or action of the Administrator concerning any question arising out of the
administration, interpretation, and application of this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Agreement. 

(3) Indemnity of Administrator. The Company shall indemnify and hold harmless the members of the Administrator against
any and all claims, losses, damages, expenses, or liabilities arising from any action or failure to act with respect to this Agreement, except in the case of willful misconduct by the Administrator or any of its members. No individual shall be
liable while acting as Administrator for any action or determination made in good faith regarding this Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Company’s Charter and
Bylaws and under applicable law. 

  
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 (4) Information. To enable the Administrator to perform its functions, the
Company shall supply full and timely information to the Administrator on all matters relating to the date and circumstances of the Termination of Employment of the Executive and such other pertinent information as the Administrator may reasonably
require. 
 (5) Action by the Administrator. In addition to acting at a meeting in accordance with applicable laws,
any action of the Administrator concerning this Agreement may be taken by a written instrument signed by the Administrator (including, if the Company’s board of directors or a board committee serves as the Administrator, by written consent in
accordance with Tennessee law and the Charter and Bylaws of the Company, and any such action so taken by written consent shall be effective as if it had been taken by a majority of the members at a meeting duly called and held). 

2. Definitions 
 (a)
Affiliate shall mean the Company and any entity that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with the Company. 

(b) Change in Control shall mean: (i) a reorganization, merger, consolidation or sale of all or substantially all of the assets of
the Company, or any similar transaction, in any case in which the shareholders of the Company’s parent company (Franklin Financial Network, Inc.) prior to such transaction hold less than a majority of the voting power of the resulting entity;
or (ii) individuals who constitute the Incumbent Board (as herein defined) of the Company cease for any reason to constitute a majority thereof. For these purposes, “Incumbent Board” means the Board of Directors of the Company on the
date hereof, provided that any person becoming a director subsequent to the date hereof whose election was approved by a voting of a majority of the directors comprising the Incumbent Board, or whose nomination for election by members or
shareholders was approved by the same nominating committee serving under an Incumbent Board, shall be considered as though he were a member of the Incumbent Board. 

(c) Code shall mean the Internal Revenue Code of 1986, as amended, or any successor statute, rule or regulation of similar effect. 

(d) Confidential Information shall mean all business and other information relating to the business of the Company, including without
limitation, technical or nontechnical data, programs, methods, techniques, processes, financial data, financial plans, product plans, and lists of actual or potential customers, which (i) derives economic value, actual or potential, from not
being generally known to, and not being readily ascertainable by proper means by, other Persons, and (ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality. Such information and
compilations of information shall 

  
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be contractually subject to protection under this Agreement whether or not such information constitutes a trade secret and is separately protectable at law or in equity as a trade secret.
Confidential Information does not include confidential business information, which does not constitute a trade secret under applicable law one year after any expiration or termination of this Agreement. 

(e) Customer shall mean any individual, joint venturer, entity of any sort, or other business partner of the Company with, for, or to
whom the Company has provided financial products or services during the final two years of the Executive’s employment with the Company, or any individual, joint venturer, entity of any sort, or business partner whom the Company has identified
as a prospective customer of financial products or services within the final year of the Executive’s employment with the Company. 
 (f)
Disability or Disabled means the Executive (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months or (ii) is by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less
than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company. 

(g) Financial products or services shall mean any product or service that a financial institution or a financial holding company could
offer by engaging in any activity that is financial in nature or incidental to such a financial activity under Section 4(k) of the Company Holding Company Act of 1956 and that is offered by the Company, or an affiliate, on the date of the
Executive’s Termination of Employment, including but not limited to banking activities and activities that are closely related and a proper incident to banking, or other products or services of the type in which the Executive was involved
during the Executive’s employment with the Company. 
 (h) Person shall mean any individual, corporation, limited liability
company, bank, partnership, joint venture, association, joint-stock company, trust, unincorporated organization or other entity. 
 (i)
Specified Employee means an employee who at the time of Termination of Employment is a key employee of the Company, if any stock of the Company is publicly traded on an established securities market or otherwise. For purposes of this
Agreement, an employee is a key employee if the employee meets the requirements of Code Section 416(i)(l)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding Section 416(i)(5)) at any time
during the 12-month period ending on December 31 (the “identification period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for purposes of this Agreement during the
twelve (12) month period that begins on the first day of April following the close of the identification period. 

  
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 (j) Termination of Employment with the Company means that the Executive shall have ceased
to be employed by the Company for reasons other than death, excepting a leave of absence approved by the Company. Whether a termination of employment has occurred is determined based on whether the facts and circumstances indicate that the Company
and the Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an employee or as an independent contractor)
would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding twenty-four (24) month period (or the
full period of services to the Company if the Executive has been providing services to the Company less than twenty-four (24) months). 

(k) Termination for Cause. The Company may terminate the Executive’s employment for Cause, upon written notice to the Executive
which notice shall specify the reason for termination. In the event of termination for Cause, the Executive shall not be entitled to any further payment of benefits under the Agreement other than salary accruing up to the date of termination. For
purposes of the Agreement, “Cause” shall mean; (i) the willful or repeated failure by the Executive to perform her duties hereunder or failure to abide by the policies set forth in the Employee Handbook, after at least one warning in
writing from the Company identifying any such failure occurring not less than forty-five (45) days prior to the date notice of termination is given by the Company pursuant to this section; (ii) the willful misconduct of the Executive in
the performance of her duties hereunder; (iii) conviction of a crime (other than a minor traffic violation); (iv) use of alcohol or other drugs which interferes with the performance by the Executive of Executive’s duties;
(v) excessive absenteeism, other than for illness, after at least one warning in writing from the Company; (vi) the unauthorized disclosure or use of any confidential information or proprietary data of the Company or its Affiliates;
(vii) the happening of any event or existence of any circumstances which would prevent the Executive from serving as an officer of the Company under the Tennessee or applicable Federal banking regulations; (viii) Executive’s conduct
that brings public discredit on, or injures the reputation of, Company, in Company’s reasonable opinion. 
 (1) Voluntary
Termination shall mean the termination by Executive of Executive’s employment, which is not for Cause. 
 3. Term 

The term of this Agreement shall commence upon the date this Agreement is executed by all parties and will continue for two (2) years. The
term of this Agreement will automatically renew each day after the Effective Date for one additional day so that the term of the Agreement shall always be two (2) years unless (i) terminated by the Employer and replaced by a mutually
agreed upon arrangement; or (ii) the Board provides written notice of non-renewal to Executive; or, (iii) Executive provides written notice of non-renewal to Company. Each party shall negotiate in good faith the terms and conditions for
any renewal of the Term or any Renewal Term of this Agreement. 

  
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 4. Covenants Against Competition, Solicitation, or Disclosure of Confidential Information.

 (a) Competition. In recognition of the considerations described in this Agreement, the Executive shall not, either separately,
jointly, or in association with others, directly or indirectly, as an agent, employee, owner, partner, shareholder, or otherwise, compete with the Company or establish, engage in, or become interested in any business, trade, or occupation that
competes with the Company in the financial products or services industry in any county in any of the States of the United States in which the Company’s business is currently being conducted or is being conducted when the Executive’s
Termination of Employment occurs. The Company and the Executive acknowledge that during the term of the Executive’s employment the Executive has acquired special and confidential knowledge regarding the operations of the Company. Furthermore,
although not a term or condition of this Agreement, the Company and the Executive acknowledge that the Executive’s services have been used and are being used by the Company in executive, managerial, and supervisory capacities throughout the
areas in which the Company conducts business. Executive acknowledges that the non-compete restrictions contained herein are reasonable and fair in scope and necessary to protect the legitimate business interests of the Company. 

(b) Solicitation. In recognition of the considerations described in this Agreement, the Executive shall not (i) directly or
indirectly solicit or attempt to solicit any customer of the Company to accept or purchase financial products or services of the same nature, kind or variety currently being provided to the customer by the Company or being provided to the customer
by the Company when the Executive’s Termination of Employment occurs, (ii) directly or indirectly influence or attempt to influence any customer, joint venturer, or other business partner of the Company to alter that person or
entity’s business relationship with the Company in any way, and (iii) accept the financial products or services business of any customer or provide financial products or services to any customer on behalf of anyone other than the Company.
In addition, the Executive shall not solicit or attempt to solicit and shall not encourage or induce in any way any employee, joint venturer, or business partner of the Company to terminate an employment or contractual relationship with the Company,
and shall not hire any person employed by Company during the two-year period immediately before the Executive’s Termination of Employment or any person employed by the Company during the term of this covenant. 

(c) Disclosure of Confidential Information. In recognition of the considerations described in this Agreement, the Executive shall not
reveal to any person, firm, or corporation any Confidential Information of any nature concerning the Company or the business of the Company, or affiliates. The covenant in this Section 4(c) does not prohibit disclosure required by an order of a
court having jurisdiction or a subpoena from an appropriate governmental agency or disclosure made by the Executive in the ordinary course of business and within the scope of the Executive’s authority. 

(d) Duration; no impact on existing obligations under law or contract. The covenants in this Section 4 shall apply throughout the
twelve (12) month period immediately following the executive’s Termination of Employment whether or not the Company has engaged the services of the Executive pursuant to an agreement to provide consulting services upon the

  
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Executive’s Termination of Employment with the Company. The twelve (12) month durational period referenced herein shall be tolled and shall not run during any such time that the
Executive is in breach of this Agreement and/or in violation of any of the covenants contained herein, and once tolled hereunder shall not begin to run again until such time as all such breach and/or violations have ceased. The Executive
acknowledges and agrees that nothing in this Agreement is intended to or shall have any impact on the Executive’s obligations as an officer or employee of the Company to refrain from competing against, soliciting customers, officers, or
employees of, or disclosing Confidential Information of the Company while the Executive is serving as an officer or employee of the Company or thereafter, whether the Executive’s obligations arise under applicable law or under an employment
agreement or otherwise. 
 (e) Remedies. The Executive acknowledges and agrees that remedies at law for the Executive’s breach of
the covenants contained herein are inadequate and that for violation of the covenants contained herein, in addition to any and all legal and equitable remedies that may be available, the covenants may be enforced by an injunction in a suit in equity
without the necessity of proving actual damage, and that a temporary injunction may be granted immediately upon the commencement of any such suit, and without notice. The parties hereto intend that the covenants contained in this Section 4
shall be deemed to be a series of separate covenants, one for each county of each state in which the Company does business. If in any judicial proceeding a court refuses to enforce any or all of the separate covenants, the unenforceable covenants
shall be deemed eliminated from the provisions hereof for the purposes of that proceeding to the extent necessary to permit the remaining separate covenants to be enforced. Furthermore, if in any judicial proceeding a court refuses to enforce any
covenant because of the covenant’s duration or geographic scope, the covenant shall be construed to have only the maximum duration or geographic scope permitted by law. 

(f) Forfeiture of payments under this Agreement. If the Executive breaches any of the covenants in this Section 4, the
Executive’s right to any of the payments specified in Section 5 after the date of the breach shall be forever forfeited and the right of the Executive’s designated beneficiary or estate to any payments under this Agreement shall
likewise be forever forfeited. This forfeiture is in addition to and not instead of any injunctive or other relief that may be available to the Company. The Executive further acknowledges and agrees that any breach of any of the covenants in this
Section 4 shall be deemed a material breach by the Executive of this Agreement. 
 5. Non-Compete Payment. 

(a) Payment. In consideration of the Executive’s covenant not to compete as described in Section 4 hereto and subject to the
limitations outlined in Section 5(c) and Section 22, upon the Executive’s Termination of Employment for any reason, the Company shall pay to the Executive an amount equal to the aggregate of one (1) times the annual rate of base
salary then being paid to the Executive, plus one (1) times the average of the past three years cash incentive bonus pay, which amount shall be paid in twelve (12) equal monthly payments beginning on the first day of the month following
the Executive’s Termination of Employment. 

  
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 (b) Potential six-month delay under Section 409A. If, when Termination of Employment
occurs, the Executive is a specified employee within the meaning of Section 409A of the Code, and if the non-competition payment under this Section 5 would be considered deferred compensation under Section 409A of the Code, and
finally if an exemption from the six-month delay requirement of Section 409A(a)(2)(B)(i) of the Code is not available, the Executive’s non-competition payments for the first six months following Termination of Employment shall be paid to
the Executive in a single lump sum on the first day of the seventh month after the month in which the Executive’s Termination of Employment occurs. 

(c) Death, Disability and For Cause. Notwithstanding anything herein to the contrary, no amounts are payable under this Agreement in the
event of the Executive’s Termination of Employment as a result of death, disability or for Cause. Further, all payments under this Agreement shall cease upon Executive’s death. 

6. Claims Procedure. 
 A
person or beneficiary who has not received benefits under this Agreement that he believes should be paid shall make a claim for such benefits by submitting to the Administrator a written claim for the benefits. The claim must state with
particularity the determination desired by the claimant. All determinations and decisions made by the Administrator regarding claims for benefits under this Agreement will be final, conclusive and binding on all persons, including the Company, the
Executive and <his or her> or her estate and beneficiaries. 
 7. Return of Records and Property. 

Upon the Executive’s Termination of Employment for any reason, or at any time upon the Company’s request, the Executive shall
promptly deliver to the Company: all Company and Affiliate records and all Company and Affiliate property in the Executive’s possession or the Executive’s control, including without limitation manuals, books, blank forms, documents,
letters, memoranda, notes, notebooks, reports, printouts, computer disks, computer tapes, source codes, data, tables or calculations, and all copies thereof; documents that in whole or in part contain any Confidential Information of the Company or
its Affiliates and all copies thereof; and keys, access cards, access codes, passwords, credit cards, personal or laptop computers, telephones, PDAs, smart phones, and other electronic equipment belonging to the Company or an Affiliate. 

8. Remedies. 
 Executive agrees
that if Executive fails to fulfill Executive’s obligations under this Agreement, including, without limitation, the Non-Competition and Non-Solicitation obligations set forth in paragraph 4, the damages to the Company or any of its Affiliates
would be very difficult or impossible to determine. Therefore, in addition to any other rights or remedies available to the Company at law, in equity or by statute, Executive hereby consents to the specific enforcement by the Company of this
Agreement through an injunction or restraining order issued by an appropriate court, without the necessity of proving actual damages, and Executive hereby waives as a defense to any equitable action the allegation that the Company has an adequate
remedy at law. The provisions of this paragraph shall not diminish the right of the Company to claim and recover damages or to obtain any equitable remedy in addition to injunctive relief to which the Company may otherwise be entitled. The Executive
understands and agrees that the Executive will also be responsible for all costs and attorney’s fees incurred by the Company in enforcing any of the provisions of this Agreement including, but not limited to, expert witness fees and deposition
costs. 

  
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 9. Payments and Funding. 

Any payment under this Agreement shall be independent of and in addition to those under any other plan, program, or agreement that may be in
effect between the parties hereto or any other compensation payable to the Executive by the Company. 
 10. Assignment of Rights;
Spendthrift Clause. 
 None of the Executive, the Executive’s estate, or the Executive’s beneficiary shall have any right to
sell, assign, transfer, pledge, attach, encumber, or otherwise convey the right to receive any payment hereunder. To the extent permitted by law, benefits payable under this Agreement shall not be subject to the claim of any creditor of the
Executive, the Executive’s estate, or the Executive’s designated beneficiary or subject to any legal process by any creditor of the Executive, the Executive’s estate, or the Executive’s designated beneficiary. 

11. Binding Effect. 
 This
Agreement shall bind the Executive, the Company, and their beneficiaries, survivors, executors, successors and assigns, administrators, and transferees. 

12. Successors; Binding Agreement. 

By an assumption agreement in form and substance satisfactory to the Executive, the Company shall require any successor (whether direct or
indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would
be required to perform this Agreement had no succession occurred. 
 13. Amendment of Agreement. 

This Agreement may not be altered or amended except by a written agreement signed by the Company and by the Executive. However, if the Company
determines to its reasonable satisfaction that an alteration or amendment of this Agreement is necessary or advisable so that the Agreement complies with the Code or any other applicable tax law, then upon written notice to Executive the Company may
unilaterally amend this Agreement in such manner and to such an extent as the Company reasonably considers necessary or advisable to ensure compliance with the Code or other applicable tax law. Nothing in this Section 13 shall be deemed to
limit the Company’s right to terminate this Agreement at any time and without stated cause. 
 14. Interpretation. 

Caption headings and subheadings herein are included solely for convenience of reference and shall not affect the meaning or interpretation of
any provision of this Agreement. Words used in the singular in this Agreement shall include the plural and words used in the masculine shall include the feminine. 

  
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 15. Severability. 

If any provision of this Agreement is held invalid, such invalidity shall not affect any other provision of this Agreement not held invalid,
and each such other provision shall continue in full force and effect to the full extent consistent with law. If any provision of this Agreement is held invalid in part, such invalidity shall not affect the remainder of the provision not held
invalid, and the remainder of such provision together with all other provisions of this Agreement shall continue in full force and effect to the full extent consistent with law. 

16. Governing Law, Venue, and Waiver of Right to Jury Trial. 

This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Tennessee, except to the extent
preempted by the laws of the United States of America. The Executive and the Company agree that the exclusive venue for resolution of any disputes regarding or arising out of this Agreement or the Executive’s employment with the Company shall
be the state and federal courts located in Williamson County, Tennessee. The Executive and the Company further agree to waive any right to a jury trial with respect to any disputes regarding or arising out of this Agreement or the Executive’s
employment with the Company. The Executive and the Company each acknowledge and agree that this selection of venue and waiver of the right to a jury trial is knowingly, freely, and voluntarily given, is made after opportunity to consult with counsel
of their choosing about this Agreement and its provisions, and is in the best interests of each party hereto. 
 17. Entire Agreement.

 This Agreement constitutes the entire agreement between the Company and the Executive concerning the subject matter. No rights are granted
to the Executive under this Agreement other than those specifically set forth. 
 18. No Guarantee of Employment. 

This Agreement is not an employment policy or contract. It does not give the Executive the right to remain an employee of the Company nor does
it interfere with the Company’s right to discharge the Executive. It also does not require the Executive to remain an employee or interfere with the Executive’s right to terminate employment at any time. 

19. Tax Withholding. 
 If
taxes are required by the Code or other applicable tax law to be withheld by the Company from payments under this Agreement, the Company shall withhold any taxes that are required to be withheld. 

  
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 20. Notices. 

All notices, requests, demands, and other communications hereunder shall be in writing and shall be deemed to have been duly given if delivered
by hand or mailed, certified or registered mail, return receipt requested, with postage prepaid, to the following addresses or to such other address as either party may designate by like notice. If to the Company, notice shall be given to the board
of directors or to such other or additional person or persons as the Company shall have designated to the Executive in writing. If to the Executive, notice shall be given to the Executive at the Executive’s address appearing on the
Company’s records, or to such other or additional person or persons as the Executive shall have designated to the Company in writing. 

21. Compliance With Code Section 409A. 

The Company and the Executive intend that their exercise of authority or discretion under this Agreement shall comply with Section 409A of
the Code. Notwithstanding anything herein to the contrary in this Agreement, to the extent that any benefit under this Agreement that is nonqualified deferred compensation (within the meaning of Section 409A of the Code) is payable upon
Executive’s Termination of Employment, such payment(s) shall be made only upon Executive’s “Separation from Service” pursuant to the default definition in Treasury Regulation Section 1.409A-1(h). 

22. General Limitations. 

(a) Removal. Despite any contrary provision of this Agreement, if the Executive is removed from office or permanently prohibited from
participating in the Company’s affairs by an order issued under Section 8(e) (4) or (g) (1) of the Federal Deposit Insurance Act, 12 U.S.C. 1818(e) (4) or (g) (1), all obligations of the Company under this
Agreement shall terminate as of the effective date of the order. 
 (b) Default. Despite any contrary provision of this Agreement, if
the Company is in “default” or “in danger of default”, as those terms are defined in of Section 3(x) of the Federal Deposit Insurance Act, 12 U.S.C. 1813(x), all obligations under this Agreement shall terminate. 

(c) FDIC Open-Bank Assistance. All obligations under this Agreement shall be terminated, except to the extent determined that
continuation of the contract is necessary for the continued operation of the Company, at the time the Federal Deposit Insurance Corporation enters into an agreement to provide assistance to or on behalf of the Company under the authority contained
in Section 13(c) of the Federal Deposit Insurance Act. 12 U.S.C. 1823(c). 

  
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 IN WITNESS WHEREOF, the Executive and a duly
authorized officer of the Company have executed this Non-Competition Agreement as of the date first written above. 
  

									
	EXECUTIVE:	 		 	FRANKLIN FINANCIAL NETWORK, INC.
				
	 /s/ Sally P. Kimble
	 		 	By:	 	 /s/ Richard E. Herrington

	SALLY P. KIMBLE	 		 		 	RICHARD E. HERRINGTON
		 		 		 	Its: CHIEF EXECUTIVE OFFICER

  
 11EX-10.31

 Exhibit 10.31 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of May 29, 2008, by and between BCG Services, Inc. (the
“Employer”), and Franklin Financial Network, Inc., a Tennessee corporation (the “Corporation”), and Connie Edwards (the “Employee”). 

1. Employment. The Employer employs the Employee and the Employee accepts employment upon the terms and conditions of this
Agreement. 
 2. Term. The term of this Agreement shall begin on the “Effective date” under the Asset Purchase and
Sale Agreement between Banc Compliance Group, LLC and the Employer executed on this same date and shall terminate on the third anniversary following the Effective Date. If the Asset Purchase and Sale Agreement becomes null and void in accordance
with its terms, this Employment Agreement shall also become null and void. After the initial three (3) year term, this Agreement shall automatically renew for one (1) year increments, but may be cancelled by Employee or Employer upon
written notice given not less than ninety (90) days prior to the annual renewal. 
 3. Compensation. 

a. Base Salary. As compensation for the services to be rendered by Employee during the period of her employment
hereunder, and upon the condition that Employee shall fully and faithfully keep and perform all of the terms and conditions hereof, Employer shall pay Employee a base salary of $97,000.00 per year, less income tax withholdings and other normal
employee deductions (the “Base Salary”). Such Base Salary shall be payable in equal installments according to the normal payroll practices of Employer. The Corporation will consider increases in the Base Salary at the end of each year of
the term of this Agreement. 
 b. Incentive Compensation. During the Term of this Agreement, Employee shall receive as
additional compensation an amount equal to 10% of the net profits of Employer for the preceding fiscal year. Said compensation shall be payable no later than 75 days after the fiscal year ends. The term “net profits” as used herein shall
mean the after-tax net earnings of Employer, such calculation to be made in accordance with generally accepted accounting principles. Employee shall also be eligible to participate in the Corporation’s Annual Officer Incentive Program; in which
based on annual goals, employee may receive additional compensation; in the form of cash and/or stock options; of up to 20% of base salary. For the year ended December 31, 2008, this incentive compensation will be a minimum of $3,000.00
prorated for actual time employed in 2008. 
 c. Stock Options. Employee shall be eligible for stock options as may be
granted under the terms and conditions of any separate stock option agreements approved by the Board of Directors of the Corporation. The Board of Directors of the Corporation shall grant the Employee stock options under the Franklin Financial
Network, Inc. 2007 Qualified-Nonqualified Stock Option Plan (the “Plan”) to purchase 5,000 shares of the Corporation’s common stock at an option price equal to the fair market value of said

 
shares at date of grant. Such stock option shall have a term of ten (10) years from the date of grant and shall vest over five (5) years beginning one (1) year from grant date in
equal annual increments. In the event the Employee’s employment is terminated, such option may be exercised to the extent then exercisable and not previously exercised, in accordance with the provisions of the Plan. 

d. Benefits. Employee shall be eligible for any benefits offered to other employees in a similar position subject to the
terms and conditions of any such benefit plans or programs. Nothing in this Agreement shall require Employer to maintain such plans or programs nor prohibit the Employer from terminating, amending or modifying such plans and programs, as the
Employer, in its discretion, may deem advisable. In all events, including, but not limited to, the funding, operation, management, participation, vesting, termination, amendment or modification of such plans or programs, the Employee shall be
governed by the terms of the plans and programs, as provided in such plans, programs or any contract or agreement related thereto. Nothing in this Agreement shall be deemed to modify any such benefit plan or program. Employee has elected not to
participate in Employer’s health insurance plan and has secured personal health insurance coverage. As additional compensation for the services to be rendered by Employee during the period of her employment hereunder, and upon condition that
Employee shall fully and faithfully keep and perform all of the terms and conditions hereof, Employer shall pay Employee the sum of $738.00 per month for the term of this Agreement to be used by Employee toward the payment of her personal health
insurance premiums. This sum shall be capped at $738.00 per month regardless of any increase in health insurance premiums for Employee under her personal health insurance plan. The additional compensation of $738.00 per month will cease upon
Employee’s election to participate in Employer’s health insurance plan. 
 This Agreement shall not be deemed terminated if
Employer shall determine to increase the compensation of Employee for any period of time. 
 4. Duties and Responsibilities of
Employee. The Employee is engaged as President of the Employer, to perform duties commensurate with the position of President. The precise services of the Employee may be extended or curtailed by the Employer from time to time, provided such
services during the term of this Agreement shall at all times be commensurate with the position of president of the Employer. 
 5.
Extent of Services. The Employee shall devote her entire time, attention and energies to the Employer’s business and will perform diligently to the best of her abilities those duties contemplated by this Agreement in a manner that
promotes the interests and goodwill of the Employer. The Employee shall not during the term of this Agreement be engaged in any other business activity, whether or not such business activity is pursued for gain, profit, or other pecuniary advantage.
However, the Employee may invest her assets in such form or manner as will not require her services in the operation of the affairs of the companies in which such investments are made. 

  
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 6. Disclosure of Information. The Employee acknowledges that the Employer’s
customers’ confidential data as it may exist from time to time is a valuable, special, and unique asset of the Employer’s business. The Employee will not, during or after the term of her employment, disclose the confidential data of the
Employer’s customers or any part thereof to any person, firm, corporation, association, or other entity for any reason or purpose whatsoever. In the event of a breach or threatened breach by the Employee of the provisions of this paragraph, the
Employer shall be entitled to an injunction restraining the Employee from disclosing, in whole or in part, the list of the Employer’s customers, or from rendering any services to any person, firm, corporation, association, or other entity to
whom such list, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein shall be construed as prohibiting the Employer from pursuing any other remedies available to the Employer for such breach or threatened breach,
including the recovery of damages from the Employee. 
 7. Expenses. The Employee may incur reasonable expenses for promoting the
Employer’s business, including expenses for entertainment, travel, and similar items. The Employer will reimburse the Employee for all such reasonable expenses upon the Employee’s periodic and timely presentation of an itemized account of
such expenditures in accordance with Employer’s policies. 
 8. Vacations. The Employee shall be entitled each year to a
vacation of four (4) weeks, during which time her compensation shall be paid in full. 
 9. Force Majeure and Disability. If
Employer is unable to conduct its business, or a substantial portion thereof, by virtue of governmental regulation or order, or by strike, war, fire, earthquake, hurricane, or similar acts of god, or other calamity (declared or undeclared), or
because of other similar or dissimilar cause beyond control of Employer (all of which events are hereinafter sometimes referred to as “Force Majeure”), or in the event Employee suffers a disability which prevents her from performing her
services hereunder (herein called a “Disability”), Employer shall, in the event the Force Majeure and/or Disability continue for at least eight aggregate weeks during any four-month period, have the right to suspend the operation of this
Agreement for the duration of said Force Majeure and/or Disability (except for any benefits payable to Employee under such benefit plans generally available to all employees), and Employer shall, at its option, have the right to add a period equal
to such suspension to the Term hereof. 
 10. Termination. 

a. Without Cause. The Employer may terminate this Agreement under this Section 10(a) without cause at any time upon
thirty (30) days’ written notice to the Employee. A termination of this Agreement by Employee without cause shall not include a termination under Section 11 hereof. Employee may terminate this Agreement without cause at any time upon
sixty (60) days written notice to the Employer. In either such event, the Employee, if requested by the Employer, shall continue to render her services, and shall be paid her regular compensation up to the date of termination. If Employee
terminates this Agreement without cause during the initial three year term of this agreement, the Employee shall reimburse Employer 50% of (i) the cash portion of the purchase price ($140,000.00) if the Agreement is terminated during the first
year of the term, (ii) two-thirds (2/3) of the cash portion of the purchase price ($140,000) if the Agreement is terminated during the second year of the term, or (iii)one-third (1/3) of cash

  
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portion of the purchase price ($140,000) if the Agreement is terminated during the third year of the term. Purchase price is defined as the price paid by the corporation to purchase
Employee’s business entity formerly known as Banc Compliance Group, LLC with the full cash portion of the purchase price being $140,000. 

b. With Cause. The Employer may terminate this Agreement with cause upon two (2) weeks written notice to Employee
The Employee may terminate this Agreement with cause at any time upon two (2) weeks’ written notice to Employer. In either such event, the Employee, if requested by the Employer, shall continue to render her services, and shall be paid her
regular compensation up to the date of termination. 
 c. Death or Disability. This Agreement shall be terminated upon
the death or disability of Employee. The “disability” of Employee shall refer to the inability of Employee, for physical or mental health reasons, to provide her material services to the Employer on a substantially full time basis which
period continues for a continuous uninterrupted period of twelve (12) consecutive months. 
 As used in this Section, termination for
“cause” shall be deemed to have occurred if either party has breached this Agreement and the non-breaching party gives notice in writing, delivered to the breaching party and providing ten (10) calendar days, from the date of delivery
of the notice, within which the breaching party has the opportunity to cure, if possible, the breach. In addition, cause for termination shall exist if Employee engages in any of the following conduct while an employee of the Employer:
(1) willful and knowing dishonesty in communication of any kind on any material subject for any purpose either to the Employer or to any person or entity for or on behalf of the Employer; (2) obtaining from any person or entity, other than
from the Employer, anything of value in return for or because of rendering service or advice which, under the circumstances, might reasonably be construed as part of the duties expected of an employee of the Employer; (3) theft, embezzlement,
false entries on records, misapplication of funds or property, misappropriation of any asset, any conduct resulting in conversion of any kind, any final action or fine taken against Employee by a regulatory authority, or any actual or constructive
fraud; (4) at any time during or after employment at the Employer, imparting confidential information, whether proprietary or non-proprietary, to any person other than (i) an authorized employee of the Employer; or (ii) as required by
law, or (iii) as part of a privileged communication to an attorney; (5) gross neglect of duty, including, but not limited to, failure or refusal to attend to the duties of employment at the Employer; (6) participating in any conduct
involving moral turpitude or which results in public disgrace including, but not limited to, conduct for which there is probable cause to believe that, if criminally prosecuted, such conduct would be adjudged felonious; (7) counseling,
advising, assisting, procuring or aiding any employee of the Employer in any above-recited conflict of interest; (8) knowing, believing or having reason to know or believe that an employee of the Employer has, is, or is about to engage in any
above-recited conflict of interest and not revealing said knowledge or belief and the reason for it to the Employer; (9) receiving, during the term of this Agreement, compensation, income, anything of value, or a future interest in or future
entitlement to compensation, income or a thing of value, from any person or entity who or which is engaged in the same or substantially the same business as the Employer in the same product, service or geographical market, except stock dividends
and/or capital gains from passive investments in the same or substantially the same businesses by Employee made in the ordinary course of business and as 

  
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part of Employee’s investment portfolio. However, cause shall not be deemed to exist merely because of a difference of opinion between Employee and the Employer, or any employees, directors
or officers of either, as to philosophy of management or other personal beliefs. 
 11. Termination upon Sale of Business.
Notwithstanding anything to the contrary, the Employer or Employee may terminate this Agreement upon thirty (30) days’ notice to the Employee or Employer upon the happening of any of the following events: 

a. the sale, transfer, or lease by the Corporation or Employer of substantially all of its assets to a single purchaser or to a
group of associated purchasers; 
 b. a decision by the Corporation or Employer to terminate its business; 

c. the merger, consolidation, or other business combination of the Corporation or Employer in a transaction in which the
shareholders of the Employer receive less than fifty percent (50%) of the outstanding voting shares of the new or continuing corporation. 

12. Competition During and After Term. Employee agrees that during the Term hereof and for one (1) year after the termination of
this Agreement, Employee will not Compete with the Employer. The term “Compete” shall refer to Employee, either separately, jointly, or in association with others, directly or indirectly, as an agent, employee, owner, partner, stockholder,
or otherwise, (i) allowing her name to be used by, or establish, engage in, participate in the organization of, or become interested in any business, trade or occupation similar to the business being conducted by Employer in any of the States
of the United States in which Employer’s business is presently being conducted; (ii) soliciting the employment of any employees of the Employer; or (iii) soliciting business from the customers of Employer. Notwithstanding the
preceding sentence, the term “Compete” shall not include Employee becoming a compliance employee of a bank or other financial institution within the period of one (1) year after the expiration of the Term. Employer and Employee
acknowledge that during the Term of Employee’s employment, Employee will acquire special knowledge and/or skill that she can effectively utilize in competition with Employer. Furthermore, although not a term or condition of this Agreement,
Employer and Employee acknowledge that, as of the date hereof, it is reasonably contemplated that Employee’s services will be utilized by Employer in executive, managerial, and/or supervisory capacities throughout the areas in which Employer
conducts its business, and in the general operation of Employer’s business wherever it is being conducted, throughout the United States. The foregoing provisions of this paragraph 12 shall not apply if (a) Employee terminates this
Agreement for cause under paragraph 10(b), (b) Employer terminates this Agreement without cause under paragraph 10(a), (c) this Agreement is terminated by either Employer or Employee under paragraph 11, or (d) this Agreement is
terminated under paragraph 2 at the end of the initial term or any subsequent term. 
 Employee agrees that the remedy at law for any breach
by her of the covenants contained herein will be inadequate, and that in the event of a violation of the covenants contained herein, in addition to any and all legal and equitable remedies which may be available, the said covenants may be enforced
by an injunction in a suit in equity, without the necessity of proving actual damage, and that a temporary injunction may be granted immediately upon the 

  
 5 

 
commencement of any such suit, and without notice. The parties hereto intend that the covenants contained in this Section shall be deemed to be a series of separate covenants, one for each county
of each state where Employer does business. If, in any judicial proceeding, a court shall refuse to enforce any or all of the separate covenants deemed included in such action, then such unenforceable covenants shall be deemed eliminated from the
provisions hereof for the purposes of such proceeding to the extent necessary to permit the remaining separate covenants to be enforced in such proceeding. Furthermore, if in any judicial proceeding a court shall refuse to enforce any covenant by
reason of the duration or extent thereof, such covenant shall be construed to have only the maximum duration or extent permitted by law. 

13. Notices. Any notice required or desired to be given under this Agreement shall be deemed given if in writing sent by certified mail
to her residence, in the case of the Employee, or to the Corporation’s principal office, in the case of the Employer. 
 14. Waiver
of Breach. The waiver by the Employer of a breach of any provision of this Agreement by the Employee shall not operate or be construed as a waiver of any subsequent breach by the Employee. No waiver shall be valid unless in writing and signed by
an authorized officer of the Employer. 
 15. Assignment. The Employee acknowledges that the services to be rendered by her are
unique and personal. Accordingly, the Employee may not assign any of her rights or delegate any of her duties or obligations under this Agreement. The rights and obligations of the Employer under this Agreement shall inure to the benefit of and
shall be binding upon the successors and assigns of the Employer. 
 16. Entire Agreement. This Agreement contains the entire
understanding of the parties. It may not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought. 

17. Governing Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Tennessee. 

21. Legal Consultation. Both parties have been accorded a reasonable opportunity to review this Agreement with legal counsel prior to
executing this Agreement. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first above
written. 

  
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	FRANKLIN FINANCIAL NETWORK:
	
	

		
	BCG SERVICES, INC.	 	
		
	

	 	
	
	CONNIE EDWARDS:
	
	

  
 7

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