Orion, Financial Federal deal is dead
Orion Federal Credit Union said in 2021 it would acquire a Memphis-based community bank, but Financial Federal CEO Kent Wunderlich said the acquisition was “mutually terminated.”
There are 10 article(s) tagged Orion Federal Credit Union:
Orion Federal Credit Union said in 2021 it would acquire a Memphis-based community bank, but Financial Federal CEO Kent Wunderlich said the acquisition was “mutually terminated.”
Ashley McDurmon might have become the CEO and president of Orion Federal Credit Union in January, but her understanding of its culture dates back more than a decade.
For the past five years, she has served as executive vice president and chief financial officer at Orion, the Mid-South’s largest credit union with 70,000 members and more than $1.2 billion in assets.
Orion is focusing most of its energy on real estate, but it’s also looking at multi-family commercial opportunities to provide affordable housing or housing across the city.
The transaction is said to position Orion as “a fierce competitor” in the southeastern region.
Archimania won seven awards and brg3s added another to give Memphis yet another strong showing in the statewide 2020 design awards of the Tennessee Chapter of the American Institute of Architects.
Orion plans two to three new branches in the Little Rock area and is replacing or redesigning three branches in the Memphis market as it considers other new markets.
A building permit application valued at $1.9 million was filed for Orion Federal Credit Union.
Orion Federal Credit Union and friends celebrate the move of its headquarters into the Edge District as the anchor to the larger Wonder Bread development.
Orion CEO Daniel Weickenand announced Tuesday the federal credit union is moving its corporate headquarters to the former Wonder Bread bakery building.
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