SOURCE: Grogan Associates

October 04, 2005 07:00 ET

Grogan Associates Hires Financial Consulting Veteran to Expand Banking Practice Areas

CHARLOTTE, NC -- (MARKET WIRE) -- October 4, 2005 --Grogan Associates, a premier consulting firm specializing in corporate real estate (CRE) management services for banks, has named Ken Monroe to the position of vice president of marketing. Mr. Monroe will expand the firm's focus on the banking industry.

Mr. Monroe brings to Grogan many years of experience in financial consultation, marketing and business strategy. Mr. Monroe received his bachelor's degree from Wingate College and received his MBA from McColl School of Business at Queens College. His prior engagements include the American Management Association, Synet Service Corp. and a partnership in a regional accounting and financial services firm. As part of the executive management team, Monroe reports to founder and CEO, Tom Grogan.

Grogan's banking services includes a suite of enhanced services such as space planning, move management, construction administration, data acquisition including space surveys, ADA compliance documentation and use of the state-of-the-art CAFM (Computer Automated Facility Management) software. This combination of a diverse array of resources is designed to streamline the corporate real estate, space planning and human resources challenges that come as a result of banking mergers and acquisitions.

Grogan Expands M&A Practice Area

Mergers and acquisition integration is a hotspot of growth at Grogan Associates; the mergers and acquisitions practice area is taking off as banking mergers increase. To answer the demand, Grogan has hired ten new professionals, all with strong architecture or construction backgrounds, to expand the M&A practice. These professionals have joined the team that assists banks in evaluating the real estate assets that they have acquired. They will be responsible for conducting branch asset surveys, reviewing security systems, analyzing bank capacity and managing conversions for its banking clients.

Grogan's M&A practice gives banks' CRE departments the ability to scale up quickly with expert resources. Community and mid market banks will find all the resources and expertise they need turn-key to quickly integrate their real estate while banks with more robust real estate departments will find the expert resources they need to augment their existing team.

"We are extremely excited about bringing on Ken and this new group of professionals," said CEO Tom Grogan. "Collectively they significantly increase our capacity to provide clients with fast, accurate and efficient service. We are now able to accomplish merger integration even faster than before. As Grogan continues to grow along with industry demand, we need strong professionals to remain in lock step with that growth."

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