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Evolve Bank & Trust
Evolve Bank & Trust offers personal and business banking, lending, and banking-as-a-service. The company provides personal banking solutions and business...
Evolve Bank & Trust
Evolve Bank & Trust offers personal and business banking, lending, and banking-as-a-service. The company provides personal banking solutions and business banking services. Founded in 1925 in Memphis, Tennessee, it was previously known as First State Bank.
General information
Firm type
other
Year founded
1925
Location
Region
North America
Country
United States
City
Memphis
Corporate office
Memphis, Tennessee, United States
Additional offices
Menlo Park, California, United States
Principals
Scott Stafford
President and CEO
Scott Gordon
Chief Financial Officer
Sector focus
Frequently asked questions
What is Evolve Bank & Trust's role in the FinTech ecosystem?
Evolve operates as a bank-as-a-service (BaaS) provider — a regulated, FDIC-insured institution that issues debit cards, holds deposits, and provides banking infrastructure for FinTech companies. Key partners include Stripe, Aspiration, Betterment, and others. The bank essentially provides the regulated back-end that allows these digital firms to offer banking products without becoming banks themselves.
How does Evolve make money?
Evolve generates revenue from net interest income on its loan portfolio, as well as fee income from its BaaS partnerships. These partnerships include deposit servicing, debit card interchange fees, and lending-as-a-service arrangements. The bank also originates traditional commercial real estate and consumer loans on its own balance sheet.
Which FinTech companies does Evolve partner with?
Publicly disclosed partners include Stripe (through Stripe Issuing), Aspiration, Betterment, and a range of smaller FinTech firms. Evolve also provides banking services to several neobanks and wealth-management platforms. The full list is not public.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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