Financial Federal Bank relocates to Aaron Brenner Drive's Renaissance Center
Published on: November 18, 2013
MAJOR OFFICE RELOCATION FOLLOWS SUCCESSFUL INTRODUCTION OF NEW PRODUCTS AND MOBILE BANKING PLATFORMS
MEMPHIS, TN – 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.
“Financial Federal is not just moving – we’re moving forward,” says Financial Federal’s President William Tayloe. “Our deposits and loan portfolios have seen remarkable growth over the past several years. We have been fortunate to deepen our relationships with our existing customers while continuing to gain market share. The bank’s leadership has been discussing a possible relocation for some time. When the Renaissance Center presented itself as an opportunity, we knew that it would be the perfect place to launch the next phase in our growth.”
This announcement comes in the midst of a remarkable evolution for the bank, which was founded in 1985. Over the course of the past year, Financial Federal has made significant investments in technology that will enable the bank to offer several new services, such as online and mobile banking. The bank also recently introduced checking to its line of products for the first time.
“The financial services industry has changed so much in the past five years. The way that people interact with their money is changing. Financial Federal is evolving to meet these changes, but we’re not changing who we are,” said Tayloe. “Success for us is not about being the first to put a new product in the market or having the biggest sign on Poplar Avenue. It’s about doing the best thing for our customers at the right time in a way that makes sense and adds value.”
“Our address may be changing but our commitment to doing what we do best – advising our customers and helping them reach their goals – never will,” said Kent Wunderlich, Financial Federal’s CEO. “For 25 years, this bank’s brand has been represented by a flag flying. It embodies the character of the bank and how we see our position in this market. Nobody plants a flag where the ground is unsteady or going to erode. Flags are planted where it’s solid, strong, and enduring.”
Financial Federal was represented by Wyatt Aiken and Jacob Biddle of Cushman & Wakefield|Commercial Advisors in the transaction. Ron Kastner from CB Richard Ellis Memphis represented the Renaissance Center.