Best Banks in Memphis, TN

Compare 8 banks companies serving Memphis, Tennessee. Average rating: 4.3/5.

8 Companies 8 Rated Payday: Legal

Tennessee Lending Regulations

Tennessee allows payday lending with a $500 cap and 15% fee limit. Borrowers are limited to two simultaneous loans. The Department of Financial Institutions regulates all consumer lenders, and complaints can be filed with the Department or the Attorney General.

Usury cap: 24% for consumer finance loans; payday loans regulated under Deferred Presentment Act Agency: Tennessee Attorney General Consumer Protection Division

Top-Rated Banks

Financial Federal Bank logo

Financial Federal Bank

Community bank in Memphis, TN offering personal and business banking with competitive money market and CD rates, plus mortgage and construction lending services.

4.4/5
Contact BBB: NR

Best for: Small business owners and entrepreneurs seeking personalized lending and growth capital with relationship-based banking, High-net-worth individuals interested in private banking with dedicated banker attention and customized solutions

Independent Bank logo

Independent Bank

Independent Bank is a community bank based in Memphis, TN offering checking, savings, CDs, auto loans, HELOCs, and personal lines of credit through multiple branch locations.

4.4/5
Contact BBB: NR

Best for: Memphis-area residents and small business owners seeking community-focused banking with local decision-making, Customers who prefer relationship-based banking and personalized service over digital-only platforms

Bank3 logo

Bank3

Bank3 is a community bank established in 1910 offering personal and business banking services across Tennessee and Mississippi with a focus on experienced staff and personalized service.

4.2/5
Contact BBB:

Best for: Customers in Tennessee and Mississippi seeking community bank relationships with personal service, Small business owners in regional markets needing local banking partnerships and ACH/wire capabilities

Financial Federal Bank logo

Financial Federal Bank

Financial Federal is a locally owned community bank in Memphis, TN offering personal and business banking products including checking, savings, CDs, money market accounts, and mortgage services with competitive rates.

4.2/5
Contact BBB:

Best for: Small business owners and entrepreneurs in the Memphis area seeking personalized lending and local decision-making, High-net-worth individuals seeking private banking relationship management and personalized service

First Horizon Bank logo

First Horizon Bank

First Horizon Bank is a full-service regional bank offering personal and business banking, mortgages, investment services, and wealth management across multiple states.

4.2/5
Contact BBB:

Best for: Consumers seeking comprehensive personal banking with multiple account tiers and integrated digital services, Small business owners requiring multiple banking products (checking, credit cards, loans, payroll, cash management) from a single institution

Independent Bank logo

Independent Bank

Independent Bank is a community-focused bank headquartered in Memphis, TN, offering checking, savings, CDs, loans, and online banking services to local customers.

4.2/5
Contact BBB:

Best for: Memphis-area residents seeking a community bank with local decision-making and branch access, Local small business owners who value personal banking relationships with established financial institutions

All Banks in Memphis (8)

Financial Federal Bank logo

Financial Federal Bank

Community bank in Memphis, TN offering personal and business banking with competitive money market and CD rates, plus mortgage and construction lending services.

4.4/5
Contact BBB: NR

Best for: Small business owners and entrepreneurs seeking personalized lending and growth capital with relationship-based banking, High-net-worth individuals interested in private banking with dedicated banker attention and customized solutions

Independent Bank logo

Independent Bank

Independent Bank is a community bank based in Memphis, TN offering checking, savings, CDs, auto loans, HELOCs, and personal lines of credit through multiple branch locations.

4.4/5
Contact BBB: NR

Best for: Memphis-area residents and small business owners seeking community-focused banking with local decision-making, Customers who prefer relationship-based banking and personalized service over digital-only platforms

Bank3 logo

Bank3

Bank3 is a community bank established in 1910 offering personal and business banking services across Tennessee and Mississippi with a focus on experienced staff and personalized service.

4.2/5
Contact BBB:

Best for: Customers in Tennessee and Mississippi seeking community bank relationships with personal service, Small business owners in regional markets needing local banking partnerships and ACH/wire capabilities

Financial Federal Bank logo

Financial Federal Bank

Financial Federal is a locally owned community bank in Memphis, TN offering personal and business banking products including checking, savings, CDs, money market accounts, and mortgage services with competitive rates.

4.2/5
Contact BBB:

Best for: Small business owners and entrepreneurs in the Memphis area seeking personalized lending and local decision-making, High-net-worth individuals seeking private banking relationship management and personalized service

First Horizon Bank logo

First Horizon Bank

First Horizon Bank is a full-service regional bank offering personal and business banking, mortgages, investment services, and wealth management across multiple states.

4.2/5
Contact BBB:

Best for: Consumers seeking comprehensive personal banking with multiple account tiers and integrated digital services, Small business owners requiring multiple banking products (checking, credit cards, loans, payroll, cash management) from a single institution

Independent Bank logo

Independent Bank

Independent Bank is a community-focused bank headquartered in Memphis, TN, offering checking, savings, CDs, loans, and online banking services to local customers.

4.2/5
Contact BBB:

Best for: Memphis-area residents seeking a community bank with local decision-making and branch access, Local small business owners who value personal banking relationships with established financial institutions

Orion Financial logo

Orion Financial

Orion Federal Credit Union is a Memphis-based credit union offering checking, savings, loans, and credit cards across 10 branches in Tennessee and Arkansas with 24/7 ATM access.

4.2/5
Contact BBB: NR

Best for: Memphis-area residents seeking community banking with local branch presence and personal service, Spanish-speaking consumers in the Germantown or Hacks Cross areas

Paragon Bank logo

Paragon Bank

Community bank founded in 2005 offering personal and business banking, mortgages, and online/mobile solutions with a focus on local decision-making and customer relationships.

4.2/5
Contact BBB:

Best for: Consumers seeking traditional community banking with local relationship-based service, Small business owners needing personalized banking solutions and quick local decisions