News
Banking on Relationships
More than 25 years ago, Kent Wunderlich ’66 walked out of his law practice and into the banking business and has not looked back. He joined the bank that John Montesi, Jr., a Christian Brothers graduate, had opened in 1985. Montesi, who passed away in 2009, led a group of family investors who ... read more »
People on the move
Moving UpRuth CarrNew Position:Business development officerFinancial Federal Savings BankQ&A:Hometown: Watertown, Conn.Education: B.A. in economics, Trinity University, Washington D.C.Career advice: Follow a course that is in ... read more »
$8M Permit Application Filed for Orleans at Walnut Grove
Orleans Apartment Community LLC has filed an $8 million building permit application with the city-county Department of Construction Code Enforcement for construction in phase one of Orleans at Walnut Grove, an apartment community off Walnut Grove Road in Gray’s Creek Reserve in Eads. read more »
Press Release - Ruth Carr
Memphis, TN – October 5, 2011 Ruth Carr has joined Financial Federal Savings Bank as Business Development Officer. Ruth will lead a business development initiative, focusing on establishing and maintaining relationships with clients and customers, and will act as a facilitator ... read more »
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. The company continues to execute on its plan to buy older properties and reinvest in them rather than ... read more »
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. Wes Misenhelter, owner of MPS-Services Inc., has started building the first 180-unit phase of The Orleans at Walnut Grove at Walnut Grove and ... read more »
Press Release - New apartment financing in Memphis by Financial Federal
The Winchester Road corridor from the Airport to Lamar has not been friendly to the inexperienced, out of town developers that have purchased apartment properties in that submarket over the years. As they learned, a cosmetic redo doesn’t necessarily translate into higher rents or a ... read more »
Floyd has Helped Financial Federal Grow Since 1985
Mary Floyd, executive vice president of Financial Federal, helped create the bank’s residential lending sector, which has been one of the bank’s primary services for 26 years.Along with John Montesi Jr. and Kent Wunderlich, the owners of Financial Federal, Floyd was there ... read more »
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 ... read more »
It's more about people than products
... the move comes at a time when the banking industry is trying to reinvent itself as stable and trustworthy and re-establish personal bonds with consumers after the economic meltdown of 2008. To do so, bankers are finding that a return to the past offers the key to success in the ... read more »
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