The Sad Tale of Lewis Ranieri and Franklin Bancorp

"FBTX has this distinction of being the largest unitary bank with the name "Franklin" in its title but also the worst performance. The bank has reported below peer asset returns for the past five years, at times significantly below peer. During 2007, FBTX almost returned to peer performance based on ROA, but then fell off the edge of the proverbial table and into loss in Q4 and thereby for all of 2007."