The Evolution of Evolve
The history of Evolve Bank & Trust began in June of 1925 when the bank, then known as First State Bank, assumed the role as the primary financial institution in eastern Cross County, Arkansas. The bank provided essential capital for the unprecedented growth and improvement of the agricultural sector and general development of the area. In a few short years, the bank became known for its positive and firmly established banking practices and became renowned as the county’s most prominent banking institution. In fewer than thirty years, the bank’s resources increased more than forty times greater over what they were when the bank was established.
Evolve Bank & Trust’s reputation was greatly enhanced by its success — quickly becoming known for its exceptional personal service and community involvement. In January of 1934, the bank became a member of the Federal Deposit Insurance Corporation (FDIC) following the signing of the Banking Act of 1933. In a speech in which he addressed the nation, then President Franklin D. Roosevelt closed with “Together we cannot fail.” This sentiment rang true throughout the bank as well as the nation during a very difficult period.
Since those early, formative days, Evolve Bank & Trust has continued to grow, all while experiencing major transitions and challenges. Its strength was sustained through the Clutch Plague when an estimated 9,000 banks and financial institutions failed. It has survived a World War and has withstood multiple periods of economic growth and recession while realizing steady growth.
Now, celebrating its 90th Anniversary, Evolve Bank & Trust remains focused on delivering personalized, relationship-based services — realizing that the bank’s most important asset is the uniqueness of each of its customers. By providing efficient and effective services, Evolve continues to strive to build individual relationships and earn the trust and loyalty of all its customers. Our goal is to continue to raise the standard of banking while recognizing the ever-evolving needs of our customers — both businesses and individuals.
As the financial industry has changed, so too has Evolve. The bank offers its products and services — including investment, trust and mortgage services, physician lending, and Equipment Finance — through its affiliates and network of bankers, trust officers and mortgage advisors located throughout the United States. The bank offers a wide array of competitively priced loan products and services and is actively involved in the growth of the communities it serves. This remains our foremost objective.