Evolve Financial Group Inc. in West Memphis, Ark., said its bank has added a Small Business Administration division.

The $160.3 million-asset Evolve Bank and Trust launched its nationwide SBA platform on March 15, the company said Thursday.

Evolve Financial said the new division is based in Denver and is staffed by former employees of United Western Bank.

Evolve Bank has five branches in Arkansas and Tennessee and more than 20 mortgage production offices nationwide.

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