Since the Great Depression era, Memphis has continued as a farm supply center. In 1986, the city had a cotton compress, gins, a grain elevator, two banks, eight churches, four public schools, a modern medical complex, two motels, several mercantile stores (including three wholesale houses), and a municipal airport northeast of town. In addition, Memphis is noted for its tree-lined streets, city park, one swimming pool, community center, and 50 blocks of brick paving laid in 1926. Brookhollow Country Club Lake, a private fishing lake with cabin sites, is six miles northeast of the city. Heritage Hall, which occupies the old First National Bank building on the square, contains local history displays and natural science exhibits. The population was 3,332 in 1960 and 3,352 in 1980. Memphis reported 81 businesses in 1984. United States Congressman Jack Hightower comes from Memphis. The route of the annual Cotton Boll Enduro, a 125-mile cross-country motorcycle event held in late October, begins and ends at Memphis. In 1990 Memphis had a population of 2,465. The population was 2,479 in 2000 and 2,290 in 2010.
