# Evolve Bancorp, Inc., West Memphis, Arkansas and Evolve Bank & Trust, West Memphis, Arkansas — Federal Reserve enforcement actions against banks and holding companies: action type, effective date and whether it has been terminated

For Evolve Bancorp, Inc., West Memphis, Arkansas and Evolve Bank & Trust, West Memphis, Arkansas, action is Cease and Desist Order; effective date is 2024-06-11; board document is https://www.federalreserve.gov/newsevents/pressreleases/enforcement20240614a.htm; document type is Press Release, verified against its source on 2026-08-11.

- **Banking organisation:** Evolve Bancorp, Inc., West Memphis, Arkansas and Evolve Bank & Trust, West Memphis, Arkansas _(verified: appears in the quote below)_
- **Action:** Cease and Desist Order _(verified: appears in the quote below)_
- **Effective date:** 2024-06-11 _(verified: appears in the quote below)_
- **Board document:** https://www.federalreserve.gov/newsevents/pressreleases/enforcement20240614a.htm _(verified: appears in the quote below)_
- **Document type:** Press Release _(verified: appears in the quote below)_

## What the source says

> 2024-06-11,,,,"Evolve Bancorp, Inc., West Memphis, Arkansas and Evolve Bank & Trust, West Memphis, Arkansas",Cease and Desist Order,https://www.federalreserve.gov/newsevents/pressreleases/enforcement20240614a.htm,Press Release,

## Source

- https://www.federalreserve.gov/supervisionreg/files/enforcementactions.csv

Last verified: 2026-08-11. Review by: 2026-09-01.
Part of [Federal Reserve enforcement actions against banks and holding companies: action type, effective date and whether it has been terminated](https://referencesource.org/bank-enforcement-actions/).