MEMPHIS, Tenn., March 24, 2011 /PRNewswire/ -- Evolve Bank & Trust has added a Small Business Administration (SBA) division with a nationwide platform into its portfolio of service offerings, effective March 15, 2011.
The Evolve Bank & Trust SBA division will be located in Denver, Colo., and staffed by former employees of United Western Bank. Evolve Bank & Trust, based in West Memphis, Ark., currently operates five full-service branches in Arkansas and Tennessee and more than 20 mortgage production offices nationwide.
"We're thrilled to welcome the SBA group to Evolve," said Scott Stafford, president and CEO, Evolve Bank & Trust. "The group's 13 successful years of being preferred lenders brings depth and breadth of experience and allows us to enter the SBA business with an established nationwide platform led by a highly successful, seasoned group."
"The combination of our unique, well-regarded SBA group and the entrepreneurial, pro small-business environment at Evolve could not be a better fit," said Scott Umbaugh, president, SBA division, Evolve Bank & Trust. "The transition has been remarkably efficient and quick."
Evolve Bank & Trust hopes to fill the void left by the departure of so many national SBA originators.
About Evolve Financial Group, Inc.:
Evolve Financial Group, Inc. (http://www.getevolved.com) is the Memphis, Tenn.-based holding company of Evolve Bank & Trust. Chartered in 1925, Evolve Bank & Trust specializes in delivering personalized relationship-based services through banking and trust offices throughout the United States. Evolve Bank & Trust is focused on providing banking, mortgage services, trust services, and SBA origination.
Scott Umbaugh, president, SBA division, Evolve Bank & Trust
SOURCE Evolve Bank & Trust