FORT LAUDERDALE, Fla.--(EON: Enhanced Online News)--Velocity Solutions, Inc., a leading provider of revenue enhancement strategies for financial institutions, is pleased to announce the launch of a new professional services company, Velocity Design & Build, LLC, based in Memphis, TN.
“Chris, Glenn and Cliff offer a very unique skill set with a proven history of execution. We’re excited to have them lead this effort.”
Velocity Design & Build serves the financial services, retail and grocer industries by offering custom design and build services for in-store bank and credit union branches as well as other retail businesses that operate a store within a store. Design services include site survey, schematic rendering, 3-D design and all architectural and engineering documents needed to acquire permits and complete construction. By establishing relationships with licensed general contractors, millwork shops and other partners, Velocity Design & Build facilitates turn-key construction from start to finish.
Christopher Leonard, President of Velocity Solutions, said the new venture is another step in the firm’s plans to expand its services in retail banking. “As standalone bank branches become more expensive to build while foot traffic in those branches continues to decline, we see a real opportunity to help our clients build new locations at a substantially lower cost that can serve consumers in grocery stores and retail locations where they already go an average of twice per week. We saw a void in the in-store banking industry for quality, reasonably-priced design and build companies, and know that we can be best-in-class in this space while delivering excellent value to our clients and the financial services industry,” said Leonard.
In addition to planning, consulting, design and construction, Velocity Design & Build’s key relationships with major retailers allow it to identify stores with available space, assist clients in negotiating lease terms for placement of in-store bank and credit union branches, and return in-store spaces to white box condition once tenants cease operations within the store. Velocity Design & Build also assists financial institutions in exiting current in-store operations by marketing the space to banks and credit unions interested in acquiring an existing branch.
The managing directors of Velocity Design & Build are Chris Anschultz, Glenn Coyle and Cliff Davis, who have a collective 60 years of experience in financial services, in-store banking, and design and build services. Leonard added, “Chris, Glenn and Cliff offer a very unique skill set with a proven history of execution. We’re excited to have them lead this effort.”
About Velocity Solutions, Inc.: Velocity Solutions offers comprehensive solutions designed to drive new accounts, generate more revenue, and reduce non-interest expense. Velocity’s solutions include transaction account strategies, fee income enhancement, overdraft management tools, retail account product design and account acquisition programs. Velocity Solutions is the leading provider of revenue enhancement strategies for financial institutions. For more information, please visit www.myvelocity.com.