History of Commercial Bank and Trust
Catering to personal and small business financial needs since 1877, Commercial Bank and Trust Company is a unique full-service bank, distinguished by its impeccable customer service and refined atmosphere. With twelve branches located throughout Memphis, Paris, Union City, Henry, and Jackson, Tennessee and a loan production office in DeSoto County, Mississippi, Commercial Bank stands ready to put more than a century's worth of tradition to work for you. In addition to a variety of checking, savings, and retirement programs, the bank also offers competitive rates on interest-bearing accounts, money market accounts, mortgages, home equity loans, and commercial and business loans.
Milestones
- The charter for Commercial Bank was signed April 21, 1877, and the bank opened for business on May 15, 1877, under the name of Commercial Bank of Paris.
- On May 8, 1922, Commercial Bank purchased the Bank of Henry in Paris for $100,000.00, and the charter was amended to give the Bank trust powers. At this time, the name was changed to Commercial Bank & Trust Company.
- On October 20, 1933, directors authorized officers to make an application to join the Federal Deposit Insurance Corporation (FDIC), and the bank has maintained membership since that time.
- In November 1983, R. Molitor Ford and William W. Deupree purchased Commercial Bank & Trust Company from more than 300 shareholders.
- In May 2002, Commercial Bank celebrated its 125th Anniversary.
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