In a cost-cutting move, Franklin Bank in Southfield, Mich., said Monday that it will eliminate 30 jobs, or 13% of its workforce.

A Franklin spokeswoman said the cuts will affect all areas of the $530 million-asset bank, including customer service, management, and back-office personnel. The bank will terminate employees rather than cut the staff through attrition, she said.

The move is part of a restructuring that Franklin says will reduce its expenses by $2.3 million a year beginning next year. The bank said it expects to incur a pre-tax restructuring charge of $1.6 million, most of which will be used for severance packages for employees whose jobs are eliminated.

David Shelp, Franklin's president and chief executive officer, said plans for the restructuring have been under discussion for several months.

The company said the restructuring is not related to its canceled merger deal with Bingham Financial Services Corp. of Birmingham.

Mr. Shelp was named president and CEO last month. He has been with the company since its founding in 1983 and had been named acting president in July.

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