Bank Deposit Custodial Program Bank List 

This Bank List applies to accounts opened through certain service provider partners of Evolve Bank & Trust. To confirm whether this Bank List applies to you, please contact us

What is a Program Bank? 

Subject to the terms of the Bank Deposit Custodial Program, Program Banks are financial institution partners of Evolve Bank & Trust (“Evolve”) that may hold funds as part of the Bank Deposit Custodial Program.  Cash deposited to certain Program Banks designated as “Priority Banks” will be eligible for Federal Deposit Insurance Corporation (“FDIC”) insurance up to $250,000 or such other greater amount as may be disclosed to you by Evolve from time to time (“Insurance Eligibility Limit”).  End users are able to opt out of available Program Banks at their discretion. However, if the end user opts out of some or all Program Banks, FDIC insurance may be reduced or forfeited.  In addition, funds held at Program Banks may be held at such Program Banks in a non-insured capacity. Please see below regarding “Excess Banks” and the applicable account agreement between you and Evolve for the terms and conditions and additional information pertaining to the Bank Deposit Custodial Program.  

You agree that Evolve may modify this Bank List, including changing, removing or adding Program Banks offered therein. All notices of material changes to the Bank List may be communicated by a posting on our website, letter, a separate electronic or written communication, a note on a periodic statement or other means. 

Which Program Banks are included in the network? 

The following are Evolve’s FDIC-insured Priority Banks as of  March 13, 2023: 

  • Amerant Bank  
  • Bank of Houston, N.A.
  • Bank of New England 
  • Bank United 
  • Bankwell Bank
  • Bell Bank 
  • Cadence Bank 
  • Capital One Bank (USA), N.A.
  • City National Bank of Florida 
  • Congressional Bank nka Forbright Bank 
  • Cornerstone Bank (KS) 
  • Customers Bank 
  • Enterprise Bank
  • Evolve Bank & Trust 
  • First Bank (NJ) 
  • First Foundation Bank 
  • First Guaranty Bank 
  • First United Bank and Trust Company (OK) 
  • Flagstar Bank, N.A.
  • Fortis Private Bank 
  • Goldman Sachs 
  • IDC / Northern Trust 
  • Luther Burbank Savings 
  • NexBank 
  • Northeast Bank (ME) 
  • Popular Bank
  • Quaint Oak Bank 
  • ServisFirst Bank
  • State Bank of Texas 
  • Stearns Bank
  • Stone Castle / US Bank 
  • Texas Capital Bank 
  • Third Coast Bank, SSB 
  • TriState Capital Bank 
  • United Texas Bank 
  • Webster Bank

What is an Excess Bank? 

Excess Banks are Program Banks that may hold end user funds that will not be covered by FDIC Insurance. For instance, if the end user has more than the agreed to FDIC insurance coverage amount in their account, the funds will be split and any excess funds will be placed at the below Program Banks in their capacity as an Excess Bank. It is important to note that End Users cannot opt out of a Program Bank holding funds in an Excess Bank capacity unless they have also opted out such Program Bank holding funds entirely. 

The above listed Priority Banks may also serve in an Excess Bank capacity for any amounts greater than the Insurance Eligibility Limit.