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Private company

Evolve Bank & Trust

Bank based in Arkansas, USA

Evolve Bank & Trust, formerly First State Bank, is an American bank headquartered in West Memphis, Arkansas. In 2024, Evolve Bank faced scrutiny due to freezing funds of certain fintech customers, including Yotta and Juno, which restricted access to over $100 million held in customer accounts.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Evolve Bank & Trust, formerly First State Bank, is an American bank headquartered in West Memphis, Arkansas. In 2024, Evolve Bank faced scrutiny due to freezing funds of certain fintech customers, including Yotta and Juno, which restricted access to over $100 million held in customer accounts.2

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