National Bank of Commerce (Memphis)

National Bank of Commerce was a bank headquartered in Memphis, Tennessee until it was taken over by SunTrust Banks in 2005.

Bank of Commerce & Trust began in 1873. Its limestone Classical Revival building was built in 1929.

The 31-story One Commerce Square was completed in 1973 and has also been called the NBC Building and the SunTrust Building.

In 1982, when Thomas M. Garrott became president of National Bank of Commerce and its parent company National Commerce Bancorporation (NCBC), NBC had 24 branches in Memphis.

In 1985, NCBC made an arrangement with Kroger, which resulted in NBC branches being located inside grocery stores in Tennessee, Kentucky, Missouri, Arkansas, Mississippi and Alabama. The first in-store branch opened in Germantown, Tennessee later that year. During 1985 and 1986, NBC entered the Nashville, Tennessee and Knoxville, Tennessee markets under the names "Nashville Bank of Commerce" and "NBC Knoxville Bank".

By 1988, NBC had 48 branches, 33 inside stores.

At the end of 1992, NCBC had total assets of $2.3 billion. Garrott became chairman whenBbruce Campbell retired.

In 1993, NCBC bought the charter of First Federal Savings Bank of Belzoni, Mississippi, allowing NCBC to operate in more than one state. Later in the year, NBC entered Roanoke, Virginia.

In 1994, NCBC began a consulting subsidiary and entered the Raleigh-Durham, North Carolina market.

In 1995 and 1999, U.S. Banker named NCBC the number one financial institution of the top 100 in the United States.

...
Wikipedia