Branch Presence
Banks with Branches in Memphis, TN
First Horizon Bank is the biggest bank in Memphis, TN, with $15.39B in deposits at its Memphis branches, 54.1% of the city's total as of the June 30, 2026 FDIC Summary of Deposits. Regions Bank has the most branches here, with 20.
28 banks operate 113 branches in Memphis, TN, ranked below by local branch count from the FDIC Summary of Deposits. This counts every bank with a branch here, not only banks headquartered locally.
Deposit share is each bank's share of the $28.47B held in Memphis, TN, as of the June 30, 2026 FDIC Summary of Deposits, ranked by deposits (#1 is largest). Banks that book deposits at a headquarters branch can show a share that exceeds their local customer base.
| Bank | Branches in Memphis | Local deposits | Deposit share |
|---|---|---|---|
| Regions Bank | 20 | $2.65B | 9.3% (#2) |
| First Horizon Bank | 16 | $15.39B | 54.1% (#1) |
| Truist Bank | 10 | $781.8M | 2.7% (#7) |
| Bank of America, N.A. | 7 | $1.28B | 4.5% (#5) |
| Independent Bank | 6 | $1.39B | 4.9% (#4) |
| The Huntington National Bank | 5 | $657.8M | 2.3% (#8) |
| Simmons Bank | 5 | $261.0M | 0.9% (#14) |
| JPMorgan Chase Bank, N.A. | 5 | $75.6M | 0.3% (#19) |
| Pinnacle Bank | 4 | $2.48B | 8.7% (#3) |
| Wells Fargo Bank, N.A. | 4 | $379.8M | 1.3% (#10) |
| Trustmark Bank | 4 | $47.2M | 0.2% (#22) |
| FSNB, N.A. | 4 | $6.3M | <0.1% (#26) |
| Paragon Bank | 3 | $557.3M | 2.0% (#9) |
| Commercial Bank & Trust Company | 2 | $334.6M | 1.2% (#11) |
| BANK3 | 2 | $320.4M | 1.1% (#12) |
| Renasant Bank | 2 | $316.8M | 1.1% (#13) |
| Guaranty Bank and Trust Company | 2 | $179.8M | 0.6% (#15) |
| Banktennessee | 2 | $99.9M | 0.4% (#17) |
| Financial Federal Bank | 1 | $879.7M | 3.1% (#6) |
| ServisFirst Bank | 1 | $112.7M | 0.4% (#16) |
| Liberty Bank and Trust Company | 1 | $89.4M | 0.3% (#18) |
| Story Bank dba Story Financial Partners | 1 | $60.5M | 0.2% (#20) |
| Evolve Bank & Trust | 1 | $52.9M | 0.2% (#21) |
| Bank of Bartlett | 1 | $36.2M | 0.1% (#23) |
| Community Bank of Mississippi | 1 | $23.8M | <0.1% (#24) |
| First National Bank of Eastern Arkansas | 1 | $9.5M | <0.1% (#25) |
| Patriot Bank | 1 | $5.9M | <0.1% (#27) |
| The Park National Bank | 1 | $15K | <0.1% (#28) |
County deposit market: Shelby, TN
The $36.19B held across 33 FDIC-insured banks in this county, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Shelby, TN market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | First Horizon Bank | 47.0% | $17.01B | 28 |
| 2 | Regions Bank | 10.7% | $3.86B | 29 |
| 3 | Pinnacle Bank | 7.6% | $2.74B | 7 |
| 4 | Bank of America, N.A. | 5.0% | $1.81B | 11 |
| 5 | Independent Bank | 4.5% | $1.62B | 9 |
| 6 | Truist Bank | 3.7% | $1.33B | 15 |
| 7 | The Huntington National Bank | 2.7% | $961.6M | 9 |
| 8 | Financial Federal Bank | 2.4% | $879.7M | 1 |
| 9 | Paragon Bank | 1.7% | $605.1M | 4 |
| 10 | Renasant Bank | 1.4% | $504.1M | 6 |
Metro area deposit market: Memphis, TN-MS-AR
The $46.19B held across 48 FDIC-insured banks in this metro area, as of the June 30, 2026 FDIC Summary of Deposits. The 10 largest are shown; see every bank in the Memphis, TN-MS-AR market with its change from a year earlier. Banks only: credit unions are not in the Summary of Deposits.
| Rank | Bank | Deposit share | Deposits | Branches |
|---|---|---|---|---|
| 1 | First Horizon Bank | 37.8% | $17.48B | 32 |
| 2 | Regions Bank | 10.1% | $4.66B | 40 |
| 3 | Pinnacle Bank | 5.9% | $2.74B | 7 |
| 4 | The Huntington National Bank | 5.1% | $2.33B | 23 |
| 5 | Bank of America, N.A. | 3.9% | $1.81B | 11 |
| 6 | Independent Bank | 3.5% | $1.62B | 9 |
| 7 | Truist Bank | 3.3% | $1.54B | 17 |
| 8 | Renasant Bank | 2.5% | $1.14B | 12 |
| 9 | Trustmark Bank | 2.1% | $989.4M | 20 |
| 10 | Evolve Bank & Trust | 2.0% | $928.7M | 2 |
Banks in Memphis: common questions
What is the biggest bank in Memphis, TN?
First Horizon Bank is the biggest bank in Memphis, TN, with $15.39B in deposits at its Memphis branches, 54.1% of the city's total as of the June 30, 2026 FDIC Summary of Deposits. Regions Bank has the most branches there, with 20.
How many banks are in Memphis, TN?
28 FDIC-insured banks operate 113 branches in Memphis, TN as of the June 30, 2026 FDIC Summary of Deposits. This counts every bank with a branch in the city, not only banks headquartered there. Credit unions are not in the Summary of Deposits.
What are the largest banks in Memphis, TN?
Ranked by deposits held in Memphis branches as of the June 30, 2026 FDIC Summary of Deposits: 1. First Horizon Bank (54.1%); 2. Regions Bank (9.3%); 3. Pinnacle Bank (8.7%); 4. Independent Bank (4.9%); 5. Bank of America, N.A. (4.5%). The share is each bank's part of all deposits in the city.
Largest banks in Tennessee
For the state as a whole, see the largest banks in Tennessee, ranked by total assets and by deposits in Tennessee branches, or every bank in the Tennessee bank directory.
Banks in other Tennessee cities:
About this data
Branch counts and local deposits come from the FDIC Summary of Deposits, the annual June 30 survey of branch-office deposits for every FDIC-insured bank. Click any bank to see its full regulatory profile and complete branch network. Looking for banks headquartered here instead? See the US bank directory.