Evolve Bank & Trust

Evolve Bank & Trust is a financial services organization headquartered in Memphis, Tennessee, with a history spanning over 100 years since its founding in 1925. The bank serves customers across all 50 U.S. states and has been recognized on the Inc. 5000 list of fastest-growing private companies. Its operations are structured around both traditional banking and a significant technology-focused division.

The bank's core business includes personal banking, business banking with specialized SBA and USDA lending programs, and mortgage services. A distinct part of its operation is its Open Banking division, which functions as a Banking-as-a-Service (BaaS) provider. This division supplies fintech companies with infrastructure for card issuing, payment processing, stored value solutions, and compliance oversight.

Evolve's technical domains encompass digital banking platforms, payment processing, and compliance oversight. The company has been recognized as a Top Workplace, reflecting its operational culture. Its business model positions it at the intersection of traditional banking and the fintech sector, providing both direct consumer services and the underlying infrastructure for other financial technology firms.