financial federal overview brochure
DESCRIPTION
What is it? It is definitely a small word; elusive, indefinable but so very desirable. You know it when you see it. You either have it or you don't. To us, it means a real person on the other end of the phone and answers delivered promptly and clearly. It means we understand your time is valuable and you have other options. To us, it means this and so much more. Other banks may say it, but we think you'll appreciate the way we actually deliver it.TRANSCRIPT
what is it?
It is definitely a small word; elusive, indefinable
but so very desirable. You know it when you see it.
You either have it or you don’t.
To us, it means a real person on the other end of the phone and
answers delivered promptly and clearly. It means we understand
your time is valuable and you have other options.
To us, it means this and so much more.
Other banks may say it, but we think
you’ll appreciate the way we actually deliver it.
you earned it.
what is it?
our history
In 1985, a group of Memphis investors acquired and recapitalized a small
bank in East Tennessee and renamed it Financial Federal Savings Bank.
Shortly thereafter, the bank opened a residential loan production office in
Memphis. A multifamily and commercial real estate division was established
and a bank branch opened to provide additional banking services.
In 1987, Financial Federal headquarters moved to Memphis. Growth was
experienced in all areas as the investors realized that exceptional service
with quick, local decision-making was widely appreciated in Memphis. In
the following years, a multifamily loan production office was opened in
Nashville and Atlanta.
Today, Financial Federal is still locally owned and operated by the
Wunderlich and Montesi families and remains a community bank that
specializes in high quality customer service and customized banking
solutions. Our board and senior management continue to focus on
creating an atmosphere that is appreciated by those who value the
confidence that comes from experience.
We take great pride that Financial Federal has remained a well-capitalized our employees and dedication to the quality of the services we offer.
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board of directors
Kent Wunderlich Kent is Chairman of the Board, Chief Executive Officer,
and General Counsel for the Bank.
Russell E. Bloodworth, Jr. Rusty is the Executive Vice President of Boyle
Investment Company, where he is responsible for the firm’s planning and
development activity.
Fred Montesi, III Fred is founder, President and CEO of Southern Stores,
Inc., a management company serving various retail and real estate entities.
Barham Ray Barham is a private investor and a financial consultant.
Alvin W. Wunderlich, Jr. Alvin retired from National Trust Life Insurance
Company of Memphis, during which time he served as President and
Chairman of the board.
Financial Federal prides itself on a large number of repeat customersretain servicing for the life of the loan.
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community bank for over 25 years. We create an environment that ensures the longevity of
private banking
To some, the term private banking represents an unattainable level of service
reserved for an elite group of clientele. To us, it represents how we operate
as an institution, everyday for everyone - with discretion, sophistication,
responsiveness and flexibility.
Whether you are interested in pursuing a business line of credit or simply
want to open a money market account, you will receive a level of service
and attention that is uncommon but well deserved.
We recognize that you have other banking options and we work very hard
to express our appreciation of your trust. Our service is second to none and
delivered by experienced, knowledgeable bankers. Our management style
and local ownership ensure that quick decisions and flexible options are the
order of the day.
So when you are seeking a banking partner that can deliver in a manner that
you desire, think of Financial Federal. After all, you earned it.
Deposits
Certificates of Deposit At Financial Federal, we believe a solid financial
future includes the security of a savings program that offers a guaranteed
return with a choice of terms. We specialize in FDIC-insured certificates of
deposit that are customized to meet your specific needs.
Money Market Accounts Having your cash readily available when you
need it doesn’t mean you can’t earn a higher interest rate. Our money
market accounts allow you easy access to your funds while earning a
competitive rate with FDIC-insured security.
The experience and knowledge of our staff provide the foundation for our
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private banking
Lending
Personal Our private bankers know that our lending products need to be
personalized. We can provide simple and flexible solutions that will work
for you.
Business Growing a business requires a unique set of skills, vision and
courage. When you need capital to fund the growth of your business,
we can provide guidance, quick decisions and solutions so that you can
focus on your business success.
Commercial Real Estate If you want to own or refinance your commercial
property, we can create customized loan solutions that meet your needs.
Residential Real Estate Whether you are buying, refinancing, obtaining
a home equity line of credit or purchasing a vacation home, you can
count on us to make the process pleasantly simple.
Construction Custom construction loans are available when you are
ready to build your house. We offer a way to streamline the lending
process from lot acquisition through the building process to a permanent
mortgage. Builder construction loans are available to build houses for the
market. Our unmatched service and understanding of the market are big
reasons for our success.
high level of customer service and our customized banking solutions.Our history of repeat customers and their referrals are a testament to the
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Financial Federal’s team is comprised of professionals with a diverse range of financial experience. Within each of our departments, you will experience the comfortable confidence that comes from expertise. We are sure you will grow accustomed to our style of service and solutions.
Financial Federal’s team is comprised of professionals with a diverse range of financial experience. Within each of our departments, you will experience the comfortable confidence that comes from expertise. We are sure you will grow accustomed to our style of service and solutions.
residential
Financial Federal has distinguished itself by providing personal and reliable
service since 1985. Customer satisfaction and great rates are the reason
for our success. We believe that obtaining a mortgage should be a simple
process for you. Whether you’re a first time homebuyer or dreaming of that
second home you’ve always wanted, we do everything possible to make
sure the loan process goes smoothly and quickly.
With our Thirty-Minute Mortgage Loan Approval you’ll have the knowledge
you need when it comes to making an offer on a home. With local
underwriting decisions, experienced loan officers and excellent rates, we
offer a pleasant home-purchasing or refinancing experience and, most of
all, the confidence you want at closing.
Our history of repeat customers and their referrals are a testament to the
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residential
Home Mortgage Buying or refinancing a home can be a daunting
experience without a seasoned mortgage loan officer by your side. Whether
you’re buying your first home or a dream vacation home, we will walk with
you through the process to ensure that you spend less time in the bank and
more time at your home.
Home Equity Line of Credit We’ll quickly handle all the details from
application to closing so you can easily have the flexibility of accessing
your funds.
Construction Custom construction loans are available when you are ready
to build your house. We offer a way to streamline the lending process from
lot acquisition through the building process to a permanent mortgage. Our
unmatched service and understanding of the market are big reasons for
our success.
The experience and knowledge of our staff provide the foundation for our
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excellent service provided by our experienced and knowledgeable staff.
commercial/multifamily
Since 1985, the Commercial/Multifamily Division of Financial Federal has
specialized in commercial real estate finance on a national basis. With
production offices in Memphis, Nashville and Atlanta, Financial Federal
offers competitive loan terms for all types of commercial properties
including multifamily, retail, office, industrial, self-storage, flagged hospitality
and senior housing facilities.
Our lending programs include permanent, fixed-rate, non-recourse loans
as well as short term, floating-rate bridge financing.
Financial Federal is a Program Plus Seller/Servicer for Freddie Mac, as well
as a loan production and servicing correspondent for several life insurance
companies. From our home office in Memphis, we service over $1 billion in
commercial loans with properties across the United States.
Financial Federal prides itself on a large number of repeat customersretain servicing for the life of the loan.
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commercial/multifamily
Property Location Nationwide
Term/Amortization 5, 7 & 10 years/20-30 years
Interest Rate Fixed- and floating-rates available
Personal Liability Generally non-recourse to the Borrower and Principals,
except for standard carve-outs
Assumability Allowed with Lender approval and 1% assumption fee
LTV Max Varies by property type; up to 80% on multifamily and 70-75% on
other properties
DCR Min Varies by property type, usually 1.25 minimum
Loan Servicing Retained by Financial Federal for the life of the loan, currently
servicing over $1 billion in commercial loans
We take great pride that Financial Federal has remained a well-capitalized our employees and dedication to the quality of the services we offer.
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across the country as a result of our smooth processing/closing agenda as well as the ability to
executive officers
Kent Wunderlich CEO
William R. Tayloe President
Mary H. Floyd Executive Vice President, Residential
Steve A. Sutton Executive Vice President, Chief Credit Officer
Richard T. Wood, III Executive Vice President, Commercial/Multifamily
Susan Yount Executive Vice President, Chief Financial Officer
As executive officers of Financial Federal we have accepted the responsibility
that comes with a leadership role at our bank. We are accessible and ready to
assist you with your banking needs.
FinFedMem.com | 901.756.2848
6305 Humphreys Blvd. | Suite 100 | Memphis, TN 38120