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Tom Leatherwood
Historical Markers of Shelby County

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Solvent Savings Bank

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.