August 19, 2016

Triumph to Open New Banking Center in East Memphis

Memphis Business Journal

By Megan Nichol

August 19, 2016

Triumph Bank is about to remodel an East Memphis building that will house its new commercial banking center.

A building permit was filed Aug. 16 for renovation work at 5904 Ridgeway Center Parkway. The permit was valued at $415,000.

F & F Construction Co. Inc. and Fleming Architects were hired for the project.

“What we wanted to do overall was take our commercial bankers, lending assistants, all the analysts and our credit people, and put them all in one location to create more efficiencies,” said Will Chase, president and CEO of Triumph Bank.

Chase said that to have a freestanding building in the bustling Poplar/Ridgeway corridor provides the bank with a great opportunity to create a prominent facility with street appeal.

Roughly 30 employees will relocate to the office after there renovation is finished.

“For us, it is a continual investment we are making in our business,” Chase said. “Our original business plan had been to have commercial bankers in each one of our retail banking locations, but just the regulatory world has changed and delivery to customers has changed so we are excited to make this change. … There is just going to be a lot of synergy to be able to walk over to the person next door.”

The tentative goal is to start relocating people to the building by Jan. 1, 2017. Boyle Investment Co. is the landlord.