Tri-State Bank is a Financial Services company in Memphis, Tennessee, United States. The headquarters is located at 4606 Elvis Presley Blvd, Memphis, Tennessee, 38116.
Tri-State Bank of Memphis was founded in 1946 by the late Dr. J. E. Walker, and his son, the late A. Maceo Walker. They dreamed of a bank, which would constructively change community conditions. Led by the late Jesse H. Turner, the bank developed innovative financial and community service.
Tri-State Bank pioneered signature loans, real estate loans and church loans to blacks – without a special endorsement. Perhaps the most far-reaching impact was that of home ownership. Prior to Tri-State’s existence it was difficult for blacks to make loans on their homes or toward the purchase of homes. In its first ten years, in excess of $10 million of first mortgage loans on homes were made. This $10 million figure represented home ownership for over 2,000 black families.
Tri-State Bank of Memphis also played an important role in the civil rights struggles of the 1950s and 1960s. Local sit-ins were planned in the bank’s boardroom, and bank officials kept the vault open one night to provide bail money for protesters.
When the Lorraine Motel, site of the assassination of Dr. Martin Luther King, was faced with foreclosure in 1982, Tri-State Bank provided $60,000 in loans to help save the facility. The motel became the National Civil Rights Museum. The Bank has provided loans to other community organizations and historically Black colleges from Tennessee to Texas.
With initial assets of only $240,000, the bank’s assets have increased to the $146 million. From one small building and five employees, the bank has 1 branch location, 1 operation location and 25 employees. Tri-State Bank of Memphis has used its resources to change conditions within its communities by enabling, enriching, and enhancing the dreams of its customers.
Company Details
- Employees
- 19
- Founded
- -
- Address
- 4606 Elvis Presley Blvd, Memphis,tennessee 38116,united States
- Phone
- (901) 525-0384
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- tristatebank.com
- Keywords
- Business Banking, Consumer Banking, Commercial Loans, Consumer Loans, Remote Banking Technologies.
- HQ
- Memphis, Tennessee
Tri-State Bank Of Memphis Questions
Tri-State Bank Of Memphis's helpline number is (901) 525-0384
Tri-State Bank Of Memphis's website is tristatebank.com
Tri-State Bank Of Memphis's LinkedIn profile is https://www.linkedin.com/company/tri-state-bank
Tri-State Bank Of Memphis has
19 employees.
View email and phone details for 19
employees at Tri-State Bank Of Memphis.
Tri-State Bank Of Memphis's industry is
Banking
Tri-State Bank Of Memphis's top competitors are
First Freedom Bank,
M&f Bank Nc,
Citizens Trust Bank,
Carver Federal Savings Bank,
Industrial Bank,
Friends Of Traditional Banking,
Zm Financial Systems,
Heartland Tri-State Bank,
City First Bank Los Angeles -Formerly Broadway Federal Bank,
Alamerica Bank.
Tri-State Bank Of Memphis's categories are Banking
Tri-State Bank Of Memphis's founding year is 1946
