Commercial Banking
Magna Bank has been a true partner in helping us grow our business. I consider them a vital part of our success.— actual customer quote
What We Do
Magna Bank serves the commercial banking needs of middle market companies in the greater Memphis area. Our goal is to build a relationship with your company in order to become an integral part of your team. From lending to deposits to treasury management services, our dedicated team is ready to serve your every banking need.
Commercial Lending Services
Our financing options are designed to service your unique credit needs. Some of our services include:
| Working capital lines of credit |
| Owner-occupied commercial real estate financing |
| Equipment financing |
| Change of ownership financing |
| Letters of Credit |
Treasury Management Services
Our cash/treasury management options are designed to relieve your day-to-day operations. We offer a wide array of solutions for collection and disbursement of funds and management and protection of your assets.
Some of our services include:
| Treasury Link Online Banking |
| Business Sweep Accounts |
| Zero Balance Accounts |
| Remote Deposit Capture |
| Lockbox Services |
| Account Reconciliation |
| Traditional deposit services: free business checking, analysis checking and business savings and money market accounts |
Contact Us
For more information regarding the Commercial Lending Division, please feel free to email or call us any time. Complete contact information is provided below.
Jim Cochran
SVP, Commercial Banking Manager
Office: 901.259.5642
jim.cochran@magnabank.com
NMLS # 771235
Over 8 years of banking experience
Jim Cochran is Senior Vice President and Manager of the Commercial Banking department. He has been with Magna Bank since 2009 and previously served as vice president at FirstBank in Memphis following four years with Union Planters/Regions Bank.
Tom Stewart
Senior Vice President
Office: 901.259.5633
tom.stewart@magnabank.com
NMLS # 8877668
Over 20 years of bankiing experience
Tom Stewart, Senior Vice President of Small Business Lending joined Magna in 2012 and was previously developing the Mid-South Market for Wells Fargo SBA. Tom has 20 years of SBA lending experience as well as being a past SBA 504 voting member of a very large Community Development Corporation located in Northern Ohio.
Scott Williams
Vice President, Commercial Portfolio Manager
Office: 901.259.5493
scott.williams@magnabank.com
NMLS # 771249
Over 7 years of banking experience
Scott Williams is Vice President and Commercial Portfolio Manager. He has been with Magna since 2008 and previously with Regions Bank.
Judy Carter
Small Business Lending Closing Coordinator
Office: 901.259.5606
judy.carter@magnabank.com
Over 34 years of banking experience
Judy Carter is Small Business Lending Coordinator. She has been with Magna since 2001 and previously worked at Bank of America.
Misty Ward
Commercial Loan Assistant
Office: 901.259.5622
misty.ward@magnabank.com
Over 17 years of bankiing experience
Misty Ward is Commercial Loan Assistant. She has been with Magna since 2009 and previously with FirstBank and Bank of Bartlett.