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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.
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.
The Bank of Commerce and Trust Company Building is a historic building in Downtown Memphis, Tennessee, U.S.. It was built in 1929 for the bank of Commerce and Trust, later known as the National Bank of Commerce (now part of SunTrust Banks). [2] Its construction cost $2 million. [2]
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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]
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