WASHINGTON - National Bank of Commerce of Memphis intends to give up the national charter it has held since 1933 and convert to a Tennessee state charter.

National Bank of Commerce, a subsidiary of $7 billion-asset National Commerce Bancorp, filed conversion applications in mid-December with both the Federal Reserve Bank of St. Louis and the Tennessee Department of Financial Institutions.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.