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Scot Lenoir

Chairman at Evolve Bank and Trust

Scot Lenoir is the Founder, Chairman, and Chief Executive Officer of Evolve Bank & Trust, a financial institution based in Memphis, Tennessee.12 He founded the bank in 2004 after acquiring and renaming First State Bank.3 Lenoir has a background in finance, having graduated from the University of Memphis with a Bachelor's degree in Finance in 1989.2

Before founding Evolve Bank & Trust, Lenoir served as the Chief Executive Officer and President of First Mercantile Trust Company (FMTC), which he grew to over $3 billion in assets before orchestrating its sale to a publicly traded company in 2000.1

Under Lenoir's leadership, Evolve Bank & Trust has experienced significant growth:

  1. The bank's net income increased by 279% between 2014 and 2019.1
  2. Evolve has been recognized as a Top Workplace by The Commercial Appeal.1
  3. The bank has been named to Inc. Magazine's 5000 List of the fastest-growing private companies.6

Lenoir has overseen Evolve's expansion into various specialized areas, including Open Banking, Personal and Business Banking, Mortgage, SBA Lending, Physicians Capital, and Trust services.6 He has also been instrumental in positioning Evolve as a leader in the fintech space, particularly in Banking-as-a-Service (BaaS) partnerships.5

Recently, Lenoir has been involved in addressing challenges related to the Synapse bankruptcy, working to reconcile and return funds to affected end users.46

Highlights

Jan 9 · en.wikipedia.org
Evolve Bank & Trust - Wikipedia
Dec 13 · getevolved.com
An Open Letter to Our Open Banking Customers | Evolve Bank & Trust
Oct 23 · getevolved.com
Reconciliation News | Evolve Bank & Trust
Oct 20 · businesswire.com
Evolve Bank and Trust Reaches Reconciliation Milestone
Evolve Bank and Trust Reaches Reconciliation Milestone
Mar 4 · theorg.com
B. Scot Lenoir - CEO, Evolve Bancorp, Inc at Evolve Bank & Trust
B. Scot Lenoir - CEO, Evolve Bancorp, Inc at Evolve Bank & Trust

Related Questions

What are Scot Lenoir's key achievements at Evolve Bank & Trust?
How did Scot Lenoir transition from First Mercantile Trust Company to Evolve Bank & Trust?
What challenges has Scot Lenoir faced in his leadership at Evolve Bank & Trust?
How has Scot Lenoir's leadership impacted the growth of Evolve Bank & Trust?
What is Scot Lenoir's educational background and how has it influenced his career?
Scot Lenoir
Scot Lenoir, photo 1
Scot Lenoir, photo 2
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Location

Germantown, Tennessee, United States