Evolve Bank & Trust Designated as a Preferred Lender by the U.S. Small Business Administration

MEMPHIS, Tenn., March 13, 2012 /PRNewswire/ -- Evolve Bank & Trust has been designated as a Preferred Lender within the U.S. Small Business Administration (SBA) Preferred Lender Program (PLP).

With PLP status, Evolve Bank & Trust will have the authority to issue the loan guaranty agreement and other necessary loan approval forms to allow a qualified small business to receive a SBA guaranteed loan.

The Evolve Bank & Trust SBA division is located in Denver, Colorado. Evolve Bank & Trust, based in West Memphis, Arkansas, currently operates five full-service branches in Arkansas and Tennessee and more than 25 mortgage production offices nationwide. Evolve added the SBA division in early 2011.

"Receiving the PLP designation has been a goal of ours since establishing this division just over a year ago, and I'm very proud of our team for this accomplishment," said W. Scott Stafford, president and CEO, Evolve Bank & Trust.

Marty Ferguson, CEO of Evolve Bank & Trust's SBA division, added, "Being designated with Preferred Lender status is testament to the hard work of our highly successful, seasoned officers. It is an important designation that enables us to join the ranks of top providers of SBA loans nationwide."

About Evolve Financial Group, Inc.:

Evolve Financial Group, Inc. (http://www.getevolved.com) is the Memphis, Tennessee-based holding company of Evolve Bank & Trust. Founded in Arkansas and chartered in 1925, Evolve Bank & Trust specializes in delivering personalized relationship-based services through banking, mortgage and trust offices throughout the United States. Evolve Bank & Trust provides banking, mortgage services, trust services and SBA programs.

Contact:
Marty Ferguson
CEO, SBA Division
[email protected]
901.259.0034

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SOURCE Evolve Bank & Trust