Historic Markers Across Tennessee

Solvent Savings Bank

Marker ID:  
Location: 386 Beale Street, Memphis, TN
County: Shelby
Coordinates: N 35° 8.358    W 090° 2.901
  35.1393    -90.04835
Style: Free Standing **
Waymark: WMT59Q


The Solvent Savings Bank and Trust Company founded by Robert Church, Sr., first Negro bank established in Memphis, opened at this site, 392 Beale Street, in 1906. It survived the money panic of 1907 and became the fourth largest black bank in the nation. Robert Church, Jr. succeeded his father as president in 1912. W. C. Handy's music studio was located on the second floor in 1907.

Erected 1935 by West Tennessee Historical Society.