Evolve Bank & Trust CEO Bob Hartheimer Arrested by FBI
Editor’s note: This story is developing and will be updated.
On Thursday, Evolve Bank & Trust CEO Bob Hartheimer was taken into Federal Bureau of Investigation custody at his office for a personal matter, according to a source close to the bank as reported by Banking Dive.
The source emphasized that the CEO’s arrest is unrelated to the bank, with no warrants executed against the bank or its property.
Details of the charges were not disclosed, but Hartheimer was scheduled to appear in federal court in the Western District of Tennessee in Memphis on Thursday. As of now, court documents related to the case were not available.
FBI spokespersons confirmed Hartheimer’s arrest, as reported by Fintech Business Weekly’s Jason Mikula on social media.
Leadership Transition at Evolve Bank & Trust
Bob Hartheimer took over as CEO of the West Memphis, Arkansas-based bank in August, succeeding former CEO Scott Stafford who retired earlier this year.
Upon assuming his role, Hartheimer expressed his commitment to “restore trust” in the bank, which had been embroiled in a missing-funds scandal linked to the collapse of middleware fintech Synapse since last spring.
Following his arrest, Hartheimer is currently on administrative leave, according to the source.
Both Evolve Bank and the U.S. Attorney’s Office for the Western District of Tennessee were unavailable for immediate comment on the situation.
