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Evolve Bank & Trust: fintech partner bank, Synapse and regulators

Evolve Bank & Trust: participants and roles

Holding companies, directors and officers, fintech partners, Synapse and its partner banks, supervisors, litigants and service providers connected with Evolve Bank & Trust, with the period and source of each role.

published
23 oct 2026
records as of
16 oct 2026
entities
142
sources
119
cite entities.csv
Former employee; managed a mortgage loan production office in LouisvillePartner bank holding Synapse end users' fundsPartner bank holding Synapse end users' fundsCease-and-desist order upon consent (jointly with the Federal Reserve Board)State supervisor; joint safety-and-soundness examination (+1)Parent company (listed subsidiary)Bank holding company (the bank is its principal subsidiary)Secretary (signed the 2023 Florida annual report)SecretaryControllerControllerVice chairmanMember of the law firm (Memphis)DirectorSued it with Walmart over Branch Accounts for delivery drivers (D. Minn. No. 24-cv-4610)Sued it for predatory lending (per the senators' letter)Sued it in its bankruptcy case; stipulated final judgment with a $1 civil money penaltyPresidentExecutive vice president of debt capital markets, later chief operating officerDirector (+2)Partner bank for all new members (concurrent programme with Evolve)Prospective buyer of assets and deposits of BaaS programmes (non-binding term sheet; no longer pursued)Transfer to Account service expanded with TabaPay and Evolve (bank news item)Transfer to Account service expanded with TabaPay and Evolve (bank news item)President (+1)Executive vice president and chief financial officerPlaintiff (with its owners) in a fiduciary-duty and racketeering suit over 401(k) plan feesPlaintiff (with its owners) in a fiduciary-duty and racketeering suit naming him as First Mercantile's chief executivePlaintiff (with its owners) in a fiduciary-duty and racketeering suit over 401(k) plan feesPlaintiff (with its owners) in a fiduciary-duty and racketeering suit naming him as First Mercantile's presidentExternal auditor (unqualified opinions)Requested confirmation of Synapse's cash balances at the bank for the 2023 auditRegistered agent in FloridaRegistered agent in MississippiDirectorConsent order (desist and refrain; $1,000,000 penalty)Plaintiff in fair-lending suits resolved by consent orders (W.D. Tenn. Nos. 2:16-cv-2040 and 2:22-cv-02667)General counsel and corporate secretarySenior vice president and chief technology officerParent company (listed subsidiary)Bank holding company of Parkin Bancorp, Inc. (two-tier structure) (+1)Parent company (listed subsidiary)Top-tier parent company (through Parkin Bancorp, Inc.)Parent company (listed subsidiary)Parent company (listed subsidiary)Parent company (listed subsidiary)Sole issuing bank for the Affirm Card under a loan program agreementCo-defendants in the data-breach litigation (MDL No. 3127)Bank providing domestic payment services to Airwallex's US customersCo-defendants in the Synapse end-user class actions (Colorado; California case transferred there)Fellow Synapse partner bank: counterparty to Synapse-related transfers and to the dispute over where missing end-user funds are (+1)Engaged it to reconcile funds held for Synapse end usersBank holding its virtual treasury accounts (through Stripe Treasury)Bank under the account and cardholder agreement for B9 customersCo-respondents to the 2024 cease-and-desist order and co-defendants in suits by Yotta and Synapse end usersShown among partners in the 2024 Investor Relations kitPartner bank providing the deposit account in the Branch AccountCo-defendants in the data-breach litigation (MDL No. 3127)Co-defendants in the data-breach litigation (MDL No. 3127)Bank holding its users' funds through SynapsePartner bank under a Bank Services Agreement and Debit Card Issuing AgreementCo-defendants and joint appellants in a Military Lending Act class action (C.D. Cal. No. 2:25-cv-04029)Counterparty to the amendment of the Bank Services AgreementPartner bank whose account terms Dwolla publishes for its clients' virtual account numbersPartner bank for Early Pay deposit accountsListed Open Banking partnerBank holding its users' funds through SynapseFellow Synapse partner bank: counterparty to Synapse-related transfers and to the dispute over where missing end-user funds are (+1)Listed Open Banking partnerIssuing bank supporting card programmes on its platformPrincipal member of the card network (Open Banking business); listed as a partnerPartner (middleware platform) still working with the bankBank provider holding master accounts for the benefit of Melio's customersPartner bank (through Synapse, then directly from about October 2023)Listed Open Banking partnerShown among partners in the 2023 Investor Relations kitListed Open Banking partnerEngaged it to administer payments to Synapse Brokerage end usersDeposit bank feeding its cash management program: end-user funds swept onward from October 2023, incoming funds held in Synapse-titled accounts from December 2023 (+1)Transactional fiduciary of its employee stock ownership planPartner bank whose customer account agreement Sila publishesPartner bank (per the senators' letter)Listed Open Banking partnerPartner bank for banking servicesBank holding Stripe Treasury fundsDispute over missing end-user funds, ledgers and fees (each blamed the other)Listed Open Banking partnerShown among partners in the 2023 Investor Relations kitSponsor bank for PINless debit processingJointly ordered to restore $6,502,500 to the Sentry ESOPPrincipal member of the card network (Open Banking business); listed as a partnerListed Open Banking partnerPartner bank; Wise's customers were affected by the 2024 breach (per an online encyclopedia)Bank holding its users' funds through SynapsePartner bank holding its customers' funds through Synapse (Evolve routing and account numbers)Co-defendants in the data-breach litigation (MDL No. 3127)Disciplinary complaint; settled with a $20,000 fine and 12-month principal suspensionDisciplinary complaint; settled with suspensionsConsent order of prohibitionCease-and-desist order upon consent (jointly with the Arkansas State Bank Department)Civil money penalty of $13,950 under the National Flood Insurance Act (consent order) (+2)Consent order of prohibitionSupervising Reserve Bank; its examinations found the deficiencies recited in the 2024 orderReferred the bank to the Justice Department three times over mortgage discrimination (as reported)Chairman of the boardPresident of the Banking Division (president in the 2022 Mississippi report)PresidentIndependent directorChief executive officerOfficial; helped create the Division of Resolutions and later directed itDirectorCo-founder and chief regulatory officerSenior adviserDirectorFounder and managing memberOrganizer and director nomineeManaging directorDirectorDirectorDirector and audit committee chairmanDirectorDirectorVice chairman and chief financial officer; president of its financial enterprise businessesDirectorPresident (also described as president and chief operating officer)DirectorChief marketing and communications officerChairman and presidentDirector (+1)Former employee paid by the Louisville loan production officeSenior vice president and head of Open BankingExecutive vice presidentHandled the trust-business transaction behind the Labor Department's ESOP case (as reported)Chief executive ("the elder Lenoir's firm")FatherExternal auditor (unqualified opinion)Former president and director (aggregator profile)Former president and chief executive (aggregator profile)Chairman of the board (+1)DirectorOrganizer and founder; chairman and chief executiveDirector, if the offshore-database record 'Lenoir Bryan Scott' is the bank's founder (identity not established)Chairman of the board (director) (+1)President, later chief executive and presidentPartner bank holding Synapse end users' fundsDirectorPrincipal and chief compliance officerFintech client (about 35% of its business, per Pathak) until moving to the bank directlyCo-founder, former chief executive and director (signed the 2026 consent order)Chief risk officerOversaw its reconciliation of Synapse end-user funds for the bank (as reported)Chief financial officerTreasurerExecutive vice president and chief financial officer (+1)Executive vice president and chief financial officerChief operating officerParent companyAcquirer and parent company (through FMT Holding Company)Parent companyParent company (subsidiary named in the 2004 merger application)Founder and chief executive officerChief compliance officerDirectorExecutive vice president, capital markets groupRegistered representative (Memphis)President of the Arkansas Banking DivisionSenior vice president and chief compliance officerDirectorMember firm (as MVP Global Trading, LLC until its 2020 acquisition)Chief technology officerSecretaryInvestment bankerPresidentSecretaryDirector, if the offshore-database record 'Stafford William Scott' is the bank's former chief executive (identity not established)President and chief executive officer (+1)Senior vice presidentPresident and chief executive officerBroker soliciting bids for two tranches of its notes at 40 cents on the dollar (as reported)Merger partner; applied to acquire its subsidiariesTechnology intermediary for the bank's fintech programmes, keeping the end-user ledgers (Bank Services Agreement)Parent company (sole owner)Small Business Lending Fund capital provider ($4,699,000 outstanding)Senior vice president of business development and chief information officerDirector; chairman as of June 30, 2025Director (+1)ExecutiveFormer chief executive and selling shareholderGeneral counsel and corporate secretary (executive vice president from February 2025)DirectorExecutive vice president and chief operating officer (earlier chief administrative officer and chief legal officer)Chief legal officer and general counselChief technology officer (the bank's first) (+1)Current company on his public professional profilePlaintiff (claims against the holding company dismissed by stipulation)Plaintiff in a fraud suit (N.D. Cal. No. 3:24-cv-06456)Fintech client of its 'banking as a service' platformSankaet PathakSankaet PathakMbanqMbanqAmerican Bank,Inc.American Bank, Inc.Crowe LLPCrowe LLPAMG National TrustBankAMG National Trust BankHenry A. BarhamIIIHenry A. Barham IIISynapse BrokerageLLCSynapse Brokerage LLCMark E. PavermanA15Mark E. PavermanA15: FINRA disciplinary settlement (January 2026)Financial IndustryRegulatoryAuthorityFinancial Industry Regulatory AuthorityHank WordHank WordTabaPayTabaPayCoinstarCoinstarAdam MoelisAdam MoelisCoastal CommunityBankCoastal Community BankDave Inc.Dave Inc.MercuryTechnologies Inc.Mercury Technologies Inc.Synapse FinancialTechnologies, Inc.A14Synapse Financial Technologies, Inc.A14: CFPB suit in the bankruptcy case and stipulated judgment (2025)Lineage BankLineage BankCorporationService CompanyCorporation Service CompanyBranch Messenger,Inc.A18Branch Messenger, Inc.A18: CFPB suit over Branch Accounts (filed 2024)Consumer FinancialProtection BureauConsumer Financial Protection BureauJeffrey A. StanleyA16Jeffrey A. StanleyA16: FINRA disciplinary settlement (May 2026)SoLo FundsSoLo FundsCapitalJ IncCapitalJ IncSentry EquipmentErectors Inc.Sentry Equipment Erectors Inc.Dwolla, Inc.Dwolla, Inc.Aaron K. HillA3Aaron K. HillA3: Federal Reserve prohibition orders against former employees (2020)Jessica A. HillA3Jessica A. HillA3: Federal Reserve prohibition orders against former employees (2020)Board of Governorsof the FederalReserve SystemBoard of Governors of the Federal Reserve SystemArkansas StateBank DepartmentArkansas State Bank DepartmentYottaTechnologies, Inc.A17Yotta Technologies, Inc.A17: California DFPI consent order (May 2026)Evolve CommercialFinance, Inc.Evolve Commercial Finance, Inc.Stifel, Nicolaus &Company,IncorporatedStifel, Nicolaus & Company, IncorporatedW. Scott StaffordW. Scott StaffordDuncan-Williams,Inc.Duncan-Williams, Inc.Evolve AssignmentsLtd.Evolve Assignments Ltd.CaliforniaDepartment ofFinancialProtection andInnovationCalifornia Department of Financial Protection and InnovationAdam VinoskeyAdam VinoskeyJoelle WeltzinJoelle WeltzinAnkura ConsultingGroupAnkura Consulting GroupForrest N. JenkinsForrest N. JenkinsMark MostellerMark MostellerEvolve Bancorp,Inc.A1 · A8 · A12Evolve Bancorp, Inc.A1: Federal Reserve and Arkansas cease-and-desist order (June 2024; in force) · A8: Synapse end-user class actions (Colorado, from 2024; pending) · A12: Reported missed note coupons and losses at the holding company (2026)Evolve Bank &TrustA1 · A2 · A4 · A5 · A6 · A7 · A8 · A9 · A10 · A11Evolve Bank & TrustA1: Federal Reserve and Arkansas cease-and-desist order (June 2024; in force) · A2: Flood-insurance civil money penalty (2022) · A4: Justice Department fair-lending consent orders (2016 and 2022) · A5: Labor Department ESOP fiduciary case (judgment announced 2019) · A6: Synapse accusation of misappropriating customer funds (disputed) · A7: Yotta fraud suit (filed 2024; pending) · A8: Synapse end-user class actions (Colorado, from 2024; pending) · A9: Synapse end-user class action in Tennessee (2025) · A10: Military Lending Act class action with Dave (2025; on appeal) · A11: Data-breach multidistrict litigation and settlement (2024-2025)B. Scot LenoirA19B. Scot LenoirA19: Corky's 401(k) fee suit (2002; allegations, reported settled)Federal ReserveBank of St. LouisFederal Reserve Bank of St. LouisEvolve FinancialGroup, Inc.Evolve Financial Group, Inc.Donald B. ClantonDonald B. ClantonUpholdUpholdJunoJunoVisaVisaVIVA FinanceVIVA FinanceU.S. Department ofthe TreasuryU.S. Department of the TreasuryStepStepRobin BedsoleRobin BedsoleJohn CooperJohn CooperAffirm Holdings,Inc.Affirm Holdings, Inc.Kenneth LenoirA19Kenneth LenoirA19: Corky's 401(k) fee suit (2002; allegations, reported settled)John T. Pitts Jr.John T. Pitts Jr.National Bank ofCommerceNational Bank of CommerceCommerceInvestmentCorporationCommerce Investment CorporationEvolve MortgageServices, Inc.Evolve Mortgage Services, Inc.Evolve Securities,Inc.Evolve Securities, Inc.Evolve Advisors,Inc.Evolve Advisors, Inc.AFS InvestmentAdvisors, Inc.AFS Investment Advisors, Inc.Union PlantersMortgageUnion Planters MortgageCitizens Bank ofMarionCitizens Bank of MarionW. ChristopherStaabW. Christopher StaabMastercardMastercardVictor SaigVictor SaigCorky's Bar-B-QCorky's Bar-B-QFirst MercantileTrust CompanyA19First Mercantile Trust CompanyA19: Corky's 401(k) fee suit (2002; allegations, reported settled)Cecilia RussellCecilia RussellRust ConsultingRust ConsultingJohn CopelandJohn CopelandB9, Inc.B9, Inc.U.S. Department ofJusticeU.S. Department of JusticeEvolve FinancialServices, Inc.Evolve Financial Services, Inc.Sila Inc.Sila Inc.YieldStreetYieldStreetFluteFluteClerkieClerkieAl Bright, Jr.Al Bright, Jr.Randy ReynoldsRandy ReynoldsNational CommerceFinancialCorporationNational Commerce Financial CorporationEvolve BenefitsGroup, Inc.Evolve Benefits Group, Inc.Split PaySplit PayNeteviaNeteviaSunTrust Banks,Inc.SunTrust Banks, Inc.Arlon DukeArlon DukeAmerican Trust Co.(Tennessee)American Trust Co. (Tennessee)J. De DeHartJ. De DeHartBondBondGTx, Inc.GTx, Inc.WiseWisePeter MoenickheimPeter MoenickheimKPMG LLPKPMG LLPLewis E. HollandLewis E. HollandUSI Alliance Corp.USI Alliance Corp.Raymond JamesFinancialProducts, Inc.Raymond James Financial Products, Inc.Alex JohnstonAlex JohnstonMonica WhartonMonica WhartonUsio, Inc.Usio, Inc.Regional OneHealthRegional One HealthMarqeta, Inc.Marqeta, Inc.EarnInEarnInPrizepoolPrizepoolRobert DuckloRobert DuckloStephen ValentineStephen ValentineAutoZoneAutoZoneBuckeyeTechnologies Inc.Buckeye Technologies Inc.Henry TurleyCompanyHenry Turley CompanyCardWorksCardWorksThunder BridgeCapital PartnersIII Inc.Thunder Bridge Capital Partners III Inc.Methodist LeBonheur HealthcareMethodist Le Bonheur HealthcareJohn C. FreemanJohn C. FreemanArkansas BankersAssociationArkansas Bankers AssociationArcArcStripe PaymentsCompanyStripe Payments CompanyLon M. MagnessLon M. MagnessMelio Payments,Inc.Melio Payments, Inc.Bass, Berry & SimsPLCBass, Berry & Sims PLCIBMIBMCreditStacks(Jasper)CreditStacks (Jasper)Lending Club AssetManagementLending Club Asset ManagementRobert H.HartheimerA13Robert H. HartheimerA13: Federal arrest, guilty plea and 51-month sentence (2025-2026)Higher OneHoldingsHigher One HoldingsFederal DepositInsuranceCorporationFederal Deposit Insurance CorporationMonzo USMonzo USU.S. Department ofLaborU.S. Department of LaborThomas E. Holmes,Jr.Thomas E. Holmes, Jr.Airwallex US, LLCAirwallex US, LLCReliant InvestmentManagement, LLCReliant Investment Management, LLCRainRainLuqraLuqraDave Operating LLCDave Operating LLCHartheimer LLCHartheimer LLCRepay HoldingsCorporationRepay Holdings CorporationKlarosKlarosThunder BridgeAcquisition II,Ltd.Thunder Bridge Acquisition II, Ltd.PromontoryFinancial GroupPromontory Financial GroupLiberty Bank(Jonesboro)Liberty Bank (Jonesboro)

Solid line: documented. Amber dashed: reported. Grey dotted: hypothesis. One arrow: the relationship as stated; two arrows: reciprocal; no arrow: symmetric. A path between two parties does not transfer an allegation from one to the other.

every party and relationship in full, as text ↓

Information markers
  • A1 · Federal Reserve and Arkansas cease-and-desist order (June 2024; in force) — Evolve Bancorp, Inc.
  • A2 · Flood-insurance civil money penalty (2022) — Evolve Bank & Trust
  • A4 · Justice Department fair-lending consent orders (2016 and 2022) — Evolve Bank & Trust
  • A5 · Labor Department ESOP fiduciary case (judgment announced 2019) — Evolve Bank & Trust
  • A6 · Synapse accusation of misappropriating customer funds (disputed) — Evolve Bank & Trust
  • A7 · Yotta fraud suit (filed 2024; pending) — Evolve Bank & Trust
  • A8 · Synapse end-user class actions (Colorado, from 2024; pending) — Evolve Bancorp, Inc.
  • A9 · Synapse end-user class action in Tennessee (2025) — Evolve Bank & Trust
  • A10 · Military Lending Act class action with Dave (2025; on appeal) — Evolve Bank & Trust
  • A11 · Data-breach multidistrict litigation and settlement (2024-2025) — Evolve Bank & Trust
  • A12 · Reported missed note coupons and losses at the holding company (2026) — Evolve Bancorp, Inc.
  • A19 · Corky's 401(k) fee suit (2002; allegations, reported settled) — First Mercantile Trust Company
  • A13 · Federal arrest, guilty plea and 51-month sentence (2025-2026) — Robert H. Hartheimer
  • A3 · Federal Reserve prohibition orders against former employees (2020) — Jessica A. Hill
  • A14 · CFPB suit in the bankruptcy case and stipulated judgment (2025) — Synapse Financial Technologies, Inc.
  • A16 · FINRA disciplinary settlement (May 2026) — Jeffrey A. Stanley
  • A15 · FINRA disciplinary settlement (January 2026) — Mark E. Paverman
  • A17 · California DFPI consent order (May 2026) — Yotta Technologies, Inc.
  • A18 · CFPB suit over Branch Accounts (filed 2024) — Branch Messenger, Inc.

Markers apply only to the named participant. They do not transfer allegations to connected parties.

Participants 142

Subject

Leadership

Group companies

Counterparties

Historical

Other

Relationship register 214

chronology

  1. First State Bank is chartered in Arkansas (later Evolve Bank & Trust) c-id-fdic-record c-id-state-charter
  2. A group led by Scot Lenoir buys the bank, which is renamed Evolve Bank & Trust c-id-name-history c-grp-2005-purchase
  3. Court enters a fair-lending consent order in a Justice Department case against the bank c-enf-doj-2016
  4. Bank Services Agreement with Synapse Financial Technologies c-syn-agreements
  5. Labor Department announces a court order requiring the bank and a former CEO to restore $6.5 million to an ESOP c-enf-esop
  6. Federal Reserve prohibition orders against two former employees c-enf-hill
  7. Bank Services Agreement with Dave c-baas-dave-agreement
  8. Federal Reserve flood-insurance civil money penalty of $13,950 c-enf-flood
  9. Court enters a consent order in the Justice Department mortgage-pricing case c-enf-doj-2022
  10. Evolve notifies Synapse that it is in breach of contract c-syn-sept-2023
  11. A large fintech tells its users that their funds will move to Synapse Brokerage c-syn-migration
  12. Synapse files for Chapter 11 bankruptcy c-syn-bankruptcy c-syn-deficit-known
  13. Evolve freezes activity for all Synapse end users c-syn-freeze
  14. Evolve discovers a ransomware attack later reported to affect 7.6 million people c-brc-maine c-brc-attack
  15. Federal Reserve and Arkansas cease-and-desist order takes effect c-reg-order
  16. Senators write to Evolve and others about frozen Synapse funds c-reg-senators-2024
  17. Yotta sues Evolve Bancorp and Evolve Bank & Trust c-lit-yotta-filed
  18. Data-breach cases are consolidated as MDL No. 3127 c-brc-mdl
  19. Ankura's reconciliation for Evolve is completed c-rec-ankura
  20. Synapse trustee's twelfth status report on distributions by partner banks c-rec-trustee-fbo
  21. Mark Mosteller becomes president as Scott Stafford steps away (reported) c-brd-feb-2025-memo
  22. Senators' letter to Governor Bowman on the Federal Reserve's supervision of Evolve c-reg-senators-2025
  23. Robert Hartheimer is named chief executive c-brd-hartheimer-appointed
  24. FINRA files a complaint against two former Synapse Brokerage officers c-lit-finra-complaint
  25. Stipulated final judgment in the CFPB case against Synapse c-rec-cfpb-judgment
  26. Hartheimer is arrested and then dismissed by the bank c-ceo-arrest c-ceo-dismissal
  27. CFPB allocates $46,248,291 from its Civil Penalty Fund to Synapse victims c-rec-cfpb-fund
  28. Hartheimer pleads guilty to a two-count federal information c-ceo-plea
  29. Evolve announces further distributions to certain Synapse end users c-rec-2026-statement
  30. Court dismisses Yotta's amended complaint; Yotta appeals c-lit-yotta-claims
  31. Coastal Community Bank signs a non-binding term sheet to buy BaaS programme assets and deposits c-baas-coastal
  32. California regulator's consent order with Yotta c-lit-dfpi-yotta
  33. Hartheimer is sentenced to 51 months in prison c-ceo-sentence

cite this dossier

DossierTwist, “Evolve Bank & Trust: fintech partner bank, Synapse and regulators”, dt.030, 23 October 2026, https://dossiertwist.com/dossiers/evolve-bank-trust/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

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