With new hire, local bank looks to tap into additional customer base

A local Memphis bank has hired a new exec to help build on the company’s recent growth.

 

'Tis the season to safeguard your business banking accounts

This time of year, the Benjamin Franklin axiom, “An ounce of prevention is worth a pound of cure,” rings especially true for businesses of all sizes.

Memphis teens buy local apartment building

“Becoming an owner changes the way you see yourself and your value to the world. You are not a victim anymore; you are a participant in change.”

Senior Vice President of Private Banking Joins Financial Federal Bank

The Memphis office of Financial Federal Bank is pleased to welcome Alex Neale as its new Senior Vice President of Private Banking.

Financial Federal Bank Welcomes Vice President Of Deposit Services

Financial Federal Bank is pleased to welcome Cindy Perry as Vice President of Deposit Services at its Memphis headquarters.

Guest Column: How to increase your advantage in a competitive housing market

Inventory, inventory, inventory! This remains the battle cry responsible for the dramatic increase in home values that we’ve seen lately in the Memphis residential market.

Deciding When to Expand is Tricky For Food Industry Entrepreneurs

Memphis historically has been a great place to birth a food business concept. From Perkins to Corky’s to Back Yard Burgers and everything in between, Memphis has seen many successful restaurant concepts expand beyond the city limits.

Guest column: Millennials are buying houses, developers advised to keep up with demand

As many Memphis-area real estate professionals will share, the local market is full of activity from eager young buyers who want to strike while the iron is hot.

Professionalism & Charm: After 30 years, Meredith McDonald still passionate about real estate

Entering the upscale offices of Doug Carpenter + Associates on South Main, veteran residential real estate agent Meredith McDonald radiates Southern charm and professionalism.

Cordova Apartment Community Sells for $27.9M

The Charleston, a 284-unit apartment community on the east side of Houston Levee Road just south of U.S. 64, has sold for $27.9 million, marking a new chapter for a property that was built just last year.

Guest Column: Millennials are Buying Houses, Developers Advised to Keep up with Demand

As many Memphis-area real estate professionals will share, the local market is full of activity from eager young buyers who want to strike while the iron is hot.

Financial Federal Hits $500 Million in Assets

Real Estate Recap: Medical District Apartments Sell for $5.2 Million

A 128-unit apartment high-rise in the Memphis Medical District has sold for $5.2 million.

Financial Federal Bank finances Birmingham multifamily apartments

Financial Federal Bank has arranged a financing of two Birmingham apartment complexes worth a combined total of $31,780,000. Both facilities, which are multifamily properties, were more than 90% occupied at the time of their closing.

Financial Federal Bank Finances Park Tower Apartments

The Memphis office of Financial Federal Bank has arranged $4.5 million in acquisition financing for a mid-rise apartment property located in the Midtown submarket of the Memphis Medical District.

Medical District Apartments Sell for $5.2 Million

A 128-unit apartment high-rise in the Memphis Medical District has sold for $5.2 million.

Financial Federal Bank Arranges $31.8M in Acquisition Financing for Two Birmingham Multifamily Communities

Financial Federal Bank's Memphis office has arranged $31.8 million in acquisition financing for two multifamily communities in suburban Birmingham.

Financial Federal Finances Birmingham, AL Multifamily Properties

The Memphis office of Financial Federal Bank has arranged a combined $31,780,000 in acquisition financing for two multifamily properties located in the suburbs of Birmingham, AL.

Kemmons Wilson Cos. Continues in the Spirit of its Founder

McLean T. Wilson has a statistic he likes to keep top of mind: 94 percent of third-generations businesses fail. Kemmons Wilson Cos. (KWC), the enterprise founded by McLean's grandfather, Kemmons Wilson, is in the other 6 percent.

Financial Federal Bank Welcomes Business Development Officer

Financial Federal Bank is pleased to welcome Shawna Engel as Business Development Officer in its Memphis headquarters.

Financial Federal Bank Secures $15.5M Acquisition Loan for Apartment Complex in Nashville

Financial Federal Bank has secured a $15.5 million acquisition loan for Hillwood Pointe Apartments, a 180-unit garden-style multifamily community in Nashville.

Financial Federal Bank Secures $24.3M Acquisition Loan for Multifamily Property in Metro Charlotte

The Memphis office of Financial Federal Bank has arranged a $24.3 million acquisition loan for Legacy Matthews Apartments in Matthews, a suburb of Charlotte.

Father-Son Duo Dickens Built Taps Infill Market In Collierville, Piperton

A father-son home builder duo of Doug and Chris Dickens has taken advantage of a strengthening housing market recently by specializing in infill development, primarily in the Collieville and Piperton areas.

Specialized Lending Teams Helping Banks Build Business Relationships

Standing apart from the competition in banking is not necessarily the simplest thing to do, given that key aspects of the industry - making loans, taking deposits and the like - look so similar from one institution to the next.

Financial Federal Arranges $16.1M Loan for New Apartment Community in Metro Memphis

he Memphis office of Financial Federal Bank has arranged a $16.1 million permanent loan for Hall Creek Apartments, a newly built garden-style multifamily community in Arlington, a suburb of Memphis.

Financial Federal Bank Arranges Two Loans Totaling $32M for Charlotte Apartment Communities

The Memphis office of Financial Federal Bank has arranged two loans totaling $32 million for Parkland Commons and Copper Creek, two apartment communities in Charlotte.

McNeill Commercial Real Estate Thrives By Focusing on Flexibility

McNeill Commercial Real Estate doesn't focus on one discipline, location or product type. While some developers focus on multifamily, retail or industrial properties, for example, McNeill dabbles in it all. That includes a hospitality group that started in 2014 to expand on its already present hotel focus.

Banking exec elected to Southern Financial Exchange

An executive with Memphis-based Financial Federal Bank was elected to the board of directors for the Southern Financial Exchange (SFE). Ean Colley, senior vice president and manager of deposit services for Financial Federal, will serve a three-year board term as SFE's Memphis area representative.

Business Formed to Finish Germantown's Enclave

Builder-developers John Duke, Mike Murphy, Chip Tayloe and Frank Uhlhorn, along with developer Dan Turley, formed a joint venture business to finish out The Enclave, a luxury estate home infill project they saved in Germantown after it had stalled during the Great...

New Center to Capitalize on Strong Retail Demand

The shopping center at 6450 Poplar Ave. is fully constructed with tenants opening as soon as next month.

Financial Federal Bank Arranges $20M Refinancing of Embassy Suites Hotel in Tuscaloosa

The Memphis office of Financial Federal Bank has secured the $20 million refinancing of a 154-room Embassy Suites hotel in Tuscaloosa. Financial Federal Bank arranged the loan through an unnamed life insurance company on behalf of the borrower.

Financial Federal Arranges $25.5M Acquisition Loan for Apartment Community in Birmingham

Financial Federal Bank's Memphis office has arranged a $25.5 million acquisition loan for Brook Highland Place Apartments, a 400-unit garden-style community in Birmingham.

Memphis Economist: 'I Don't Believe in National Economies Anymore'

The day after Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd met with officials in Shanghai as part of an economic development trip to Asia, Michael Drury shared with an audience of business professionals his idea about national...

Financial Federal Bank Arranges $19M Acquisition Loan for Apartment Community in Wilmington

Financial Federal Bank has arranged a $19 million acquisition loan for Abbotts Run Apartments, a 264-unit multifamily community in Wilmington.

Financial Federal Exec Receives Lifetime Award

An executive with Financial Federal Bank received the lifetime achievement award from the Memphis chapter of Lambda Alpha International (LAI), a global economics society.

Commercial Banker Joins Financial Federal Bank

Financial Federal Bank is pleased to welcome Gideon Scoggin as Senior Vice President in its commercial banking division. Scoggin will primarily focus on establishing new commercial lending relationships and expanding business opportunities.

Financial Federal Welcomes New Loan Administrator

Financial Federal Bank is pleased to welcome Christy Edney as Loan Administrator in its Memphis headquarters.

Angel Care Clinic Takes Holistic Approach to Treating Animals

Dr. Kathy Mitchener's philosophy on treating animals is pretty simple. More than just treating an illness or pain, she believes in a holistic approach to medical care. In 2004, she opened Angel Care Cancer Clinic for Animals, and in 2014 she added Angel Care Natural Healing and Acupuncture for Pets.

Lender Evaluates New Mortgage Rule

In October 2015, the TILA-RESPA Integrated Disclosure rule [TRID] went into effect to help streamline the mortgage process. Now, a few months after TRID's implementation, the Memphis Business Journal talked with John Loebel, senior vice president and residential manager of Financial Federal Bank, to see how homebuyers and lenders are liking the process.

Oxford Feels Stress from Development Boom

Kent Wunderlich travels to Oxford, Miss., often, in part because his grandson is the kicker on the University of Mississippi football team.

Tech, Commercial Loans Drive Gains

A locally owned and operated Memphis bank is having a stellar 2015, and the bank president attributes that to "smart growth."

New Holiday Inn Express Rising Near Graceland

Holiday Inn Express and Suites is ready to shake up the Graceland area with a $4.8 million construction loan recently arranged by the Memphis office of Financial Federal Bank.

Financial Federal adds staff to its Nashville Commercial/Multi-Family office

Eric Beaty Named Vice President of Commercial Banking

A Memphis-based bank has named a new vice president of commercial banking. Eric Beaty, a native Memphian, will assume the position at Financial Federal Bank.

Financial Federal Bank Arranges $18M Acquisition Loan for Student Housing Complex in Mobile

The Memphis office of Financial Federal Bank has arranged an $18 million acquisition loan for The Campus Quarters Apartments in Mobile.

Daily News Seminar Brings Focus to Economy

Multifamily development driven by occupancy, rental rates

The Memphis office of Financial Federal Bank has arranged more than $44 million in construction, acquisition and long-term financing for three multifamily developments in the past 30 days.

$30 Million Apartment Community to Rise Near Lakeland

A $30 million multifamily community is beginning to take shape on the east side of Houston Levee Road just south of U.S. 64 in Memphis.

$30 million apartment project coming to Lakeland

With a new LA Fitness and a 12-screen Malco cinema and shopping center on the way, Lakeland is in the midst of a development wave. Add to that the announcement that the town is getting its first multifamily construction project in nearly 10 years.

Break It Down Towing 100 Percent Orange Mound

Break It Down Towing's Tony Anderson has some

Owner Files $6.1 Million Loan on Former Cozymel's Site

A company affiliated with Robert F. Fogelman II has filed a loan on a key piece of East Memphis property.

Financial Federal Bank Arranges $13.1M Refinance of Two Jackson Apartment Communities

Self-Made: How Lance Draper is building an empire of affordable housing

Kristie Graves Joins as Deposit Specialist

Emily Berkey Joins as Investor Accountant

Taylor Maury Joins as Lending Officer

Which local banks are lending the most for what?

Financial Federal Bank, which specializes in private lending, listed a shade more than $57 million in construction loans in the first quarter, edging out Magna Bank ($52 million) in a category that has seen some contraction from most local banks. Financial Federal and Magna were among the minority that actually grew their portfolios in this category in the first quarter of 2014.

Scoreboard: Which Mid-South bank had the best quarter?

Memphis community banks (plus First Tennessee) have had a nice start to the year, with all but two banks turning a profit and most banks maintaining or improving their asset quality.

Real Estate 'Titans' Share Industry Advice

Financial Federal Sees Progress, Prepares for New Digs

A business that handles client money and assets naturally occupies an ideal perch from which to survey the financial landscape and general economic conditions. And the Memphis-based bank Financial Federal is one such institution in a position to do that.

Scoreboard: Which Mid-South bank had the best year?

Memphis community banks (plus First Tennessee) had a pretty good year, with all but one bank turning a profit and most banks maintaining or improving their asset quality.

Tenants fill The Orleans

The newest Class A apartment development in Shelby County, The Orleans at Walnut Grove, has succeeded in leasing 100 percent of its 180 units in Phase 1, completed in June 2012, said Rick Wood, executive vice president of Financial Federal Bank. The bank arranged the construction loans and the $23 million in permanent financing.

Financial Federal Bank Relocates to Renaissance Center

Financial Federal has executed a lease to occupy 27,000 square feet on the first and second floors of the Renaissance Center at 1715 Aaron Brenner Drive. The bank, which specializes in customized residential, business, and private banking solutions, will move all of its offices and operations to the new location from its current office on Humphreys Boulevard.

Memphis mortgage banking 2013: Rising interest rates will change, not dampen market

Financial Federal getting new digs

The $335 million community bank has executed a lease to occupy 27,000 square feet on the first and second floors of the Renaissance Center at 1715 Aaron Brenner Drive. The bank will move all of its offices and operations to the new location from its current office on Humphreys Boulevard.

Leases Push Renaissance Center Near Capacity

Financial Federal signed a lease on Tuesday, Nov. 20, to occupy 27,000 square feet on the first and second floors of the Renaissance Center, 1715 Aaron Brenner Drive. In addition to the new location, the growing financial firm will have signage atop the East Memphis office building along Poplar Avenue east of Interstate 240.

Financial Federal moving to Renaissance Center, expanding services

Financial Federal is moving, but the development is more substantial than the 2.5-mile shift from one part of East Memphis to another.

Financial Federal Bank relocates to Aaron Brenner Drive's Renaissance Center

The President of Financial Federal Bank on "Keeping the Main Thing the Main Thing"

Our nation's economy is gradually improving, and while far from perfect, it is certainly better than it has been. As a result, the demand for commercial and residential lending is also ticking in the right direction, which is encouraging news for everyone in the financial services industry.

Government's role in lending - Ending Fannie Mae, Freddie Mac could increase competition

On July 24, after a marathon markup session, the House Financial Services Committee approved legislation to wind down Fannie Mae and Freddie Mac over five years and rely on the private sector to provide a secondary market for residential real estate mortgages.

Financial Federal expands Commercial Banking Division with three new hires

Financial Federal is pleased to announce the addition of three staff members to their growing Commercial Banking division.

Financial Federal lines up $6.5 million for second phase of Cordova apartments

Tennessee bank finances major apartment sale near UNCW

A Memphis-based community bank, Financial Federal, announced Thursday it has provided more than $21.7 million in financing to a group of unnamed investors to purchase two students centered apartment communities near the University of North Carolina Wilmington.

Financial Federal Bank Makes Major New Closings

Press Release - Financial Federal Bank Announces Five Major New Closings

Financial Federal Bank announces five major new closings in Texas, North Carolina, Mississippi and Tennessee

Tayloe Brings Banking Knowledge, Energy to Financial Federal Board

Right on the Money

Financial Federal has always had a unique method of banking. It doesn't operate as a cash bank and it doesn't have retail branches, yet it is the local market leader in private, commercial, and mortgage banking.

Financial Federal Announces New Board Appointment

People on the Move - Ean Colley

Financial Federal is proud to announce the hiring of Ean D. Colley as Vice President, Manager of Deposit Services.

People on the Move - Justin Sypult

Financial Federal Bank is proud to announce the hiring of Justin Sypult as Asset Manager/Financial Analyst.

Press Release - Kent Wunderlich

Financial Federal Secures Three Major Commercial/Multifamily Mortgage Transactions

Putting it together: Banking consumers puzzling between security and profit

The certificate of deposit has long been a go-to instrument designed to offer consumers a guaranteed return without the volatility of stocks and bonds, but with current inflation hovering around 200 basis points higher than the national average yield for short-term CDs, sinking money into time deposits can present a dilemma to risk-averse investors.

Financial Federal Secures Three CRE Mortgages

Memphis-based Financial Federal recently brokered three significant mortgage negotiations, including $9.5 million in first-mortgage refinancing and $6 million in first-mortgage proceeds in Memphis and Jackson, Miss.

Garden View Apts. Financed for $1.4M

WI Memphis LLC has financed the 92-unit Garden View Apartments complex at 1127 Whitaker Drive and 1137 Whitaker Drive for $1.4 million through Financial Federal Savings Bank. The loan matures in April 2017.

Banking on Relationships

People on the Move - Ruth Carr

$8M Permit Application Filed for Orleans at Walnut Grove

Press Release - Ruth Carr

Ruth Carr has joined Financial Federal Savings Bank as Business Development Officer.

ALCO thriving on renovation - Multifamily reinvestment strategy pays off

Multifamily developer and management firm ALCO Management Inc. will unveil its latest multimillion-dollar renovation project later this month at Saints Court Apartments in North Memphis.

Multifamily ripe for development

A local businessman is taking advantage of a stable market in Memphis to enter the multifamily market through new construction and acquisition.

Press Release - New apartment financing in Memphis by Financial Federal

Floyd has Helped Financial Federal Grow Since 1985

Local banks resist loan temptations

A national concern expressed by ratings agencies that banks feel tempted to loosen lending standards to pump up loan portfolios appears to be a concern even around Memphis, some bankers say.

It's more about people than products

Locally owned Financial Federal last year launched its first-ever multimedia marketing campaign. The blitz celebrated the bank's 25th anniversary while promoting its personal approach to banking.

People In Business

Judson Williford has joined Financial Federal as a residential loan officer.

Financial Federal Adds New Loan Officer

Memphis-based community bank Financial Federal has added Judson Williford as a residential loan officer.

Multifamily Sector 'Poised for Solid Growth'

Rick Wood, executive vice president of the commercial and multifamily division at Financial Federal, has witnessed increased interest from investors for the past 18 months following two years of very little activity in 2008 and 2009.

MBQ Power Players

William Tayloe and Richard Wood of Financial Federal Savings Bank have been named as 2011 Power Players by Memphis Business Quarterly magazine.

Financial Federal expands

Memphis-based Financial Federal has opened an office in Dallas, expanding its Commercial/Multifamily Division under the direction of mortgage banking veteran Don Farmer.

Financial Federal expands into Dallas

Financial Federal Savings Bank has added an origination office in Dallas for its commercial/multifamily division.

25 Years Later, Financial Federal Still Going Strong

Memphis-Based Financial Federal Expands Commercial/Multi-Family Division

Financial Federal has expanded its Commercial/Multifamily Division by opening an origination office in Dallas under the direction of mortgage banking veteran, Don Farmer.

Financial Federal celebrates 25 years of banking differently.

Financial Federal opened its doors in 1985 as a different kind of community bank. It has not been a transactional institution with checking accounts and related services, as most banks are.

Dattel Refinances Perkins High-Rises

Dattel Family Limited Partnership has financed two high-rise apartment buildings totaling about 230 units at 475 and 505 S. Perkins Road for $7.8 million through Financial Federal Savings Bank.

Financial Federal making moves

Financial Federal Savings Bank has quietly gone about its banking business for 25 years as one of only two thrifts remaining in the Memphis market.

For its 25th anniversary, Financial Federal embarks on low-key 'reintroduction'

For the first time in its 25-year history, locally owned Financial Federal is launching a multimedia marketing campaign that's as low-key and understated as the institution itself.

Hacks Cross Shopping Ctr. Sells for $1.9 Million

Hariom Enterprise has bought a strip shopping center at 3810 Hacks Cross Road from The Bank of New York Mellon Trust Co. NA, as trustee, for $1.9 million, financing the transaction with $950,000 and $760,000 loans through Landmark Community Bank.

Financial Federal Provides $88.9M Refinance

Financial Federal Bank recently provided $88,850,000 in a non-recourse, permanent debt on four properties located throughout the Southeast as a Freddie Mac Program Plus Seller/Servicer.

Approved by Fitch

Effective today Financial Federal's Multifamily division has been approved by Fitch as rated Servicer for Freddie Mac, one of a select group of Servicers in the country.

Financial Federal Keeps Up By Offering New Services

Financial Federal Savings Bank, which celebrates its silver anniversary this year, has a few simple goals for 2010.