Inc. Magazine names First Financial Services, Inc. on America's Fastest-Growing Private Companies List
First Financial Services, Inc. sees 467% growth in revenue with their residential mortgage loan services
CHARLOTTE, N.C., Aug. 22, 2013 /PRNewswire-iReach/ -- Inc. Magazine announced Tuesday, First Financial Services, Inc. is included on it's annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The most comprehensive portrait of fastest-growing private companies list assembled anywhere has honored global pioneers such as Microsoft, Zappos, Timberland, Pandora, Patagonia, Oracle and Intuit along with other rising stars. First Financial Services, Inc. was named 934th on the Inc. Magazine list, ranking 20th out of the Top 100 North Carolina companies.
Last year, First Financial Services closed over $1.4 billion in loan transactions by offering competitive rates and a variety of loan products representing 320 percent growth from 2011 to 2012. First Financial Services caters to residential borrowers looking to purchase a home or refinance with a loan tailored to their personal needs. President Don Landgraff attributes the company's success to their excellent customer service, investor relationships and dedicated employees. "During the serious downturn in the real estate market, we recognized the necessity of ensuring we had an operational platform that would meet the needs of customers and our strategic partners." First Financial Services' dual-model consists of their Consumer Direct Division which generates leads online and through advertising programs, and their Retail Branch Division which offers loans through traditional referrals.
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year's list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion. "Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy," says Inc. Editor Eric Schurenberg.
Contact Kristin Landgraff at 212.991.8058 or at firstname.lastname@example.org for additional information on First Financial Services, Inc.
About First Financial Services, Inc.
First Financial Services, Inc. is a residential mortgage lending company founded in Charlotte, North Carolina in 1991. First Financial Services is licensed to serve customers in 33 states nationwide and has 12 branch offices located throughout North Carolina, South Carolina, Washington D.C., Tennessee, New Jersey, Pennsylvania, and California. First Financial Services has been recognized by Inc. Magazine as one of the fastest-growing private companies in America and originates in excess of $2 billion in closed loans annually. Connect with First Financial Services at www.ffsmortgage.com.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
Media Contact: Kristin Landgraff, First Financial Services, Inc., 212.991.8058, email@example.com
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SOURCE First Financial Services, Inc.
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