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The Memphis-based Independent Bank (or i-Bank) is headquartered in the building and its logo is illuminated on the top of the building (installed in the 2000s), replacing an old sign for Union Planters Bank. A similar logo was installed on the top of the One Commerce Square building downtown in June 2012 when another branch of the bank was opened.
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On October 30, 2009, Park National Bank was taken over by the Federal Deposit Insurance Corporation and the bank's assets were sold to U.S. Bancorp. [8] In December 2010, a local investment group known as Memphis Commerce Square Partners purchased the building from U.S. Bancorp. Management is by Cushman & Wakefield. [9]
Evolve Bank & Trust, formerly First State Bank, [4] is an American bank headquartered in West Memphis, Arkansas. It is best known since 2010 for partnering with fintech companies to offer banking services to their customers. [ 3 ]
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The merged bank retained First National's name and charter, but was led by Central-State's management team. [3] In 1942, the bank opened its first suburban branch and by 1952, First National had seven offices. In 1961, a 25-story tower was announced. As of 1967, First National was the largest bank in the Mid-South.
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