Community Corner

Tennessee Bank Opens Loan Production Office in Burnsville

Evolve Bank & Trust's office employs 13 people.

Evolve Bank & Trust has opened a loan production office in Burnsville accepting loan applications and process loans, though not deposits.

It's the Memphis, Tenn., bank's first office in Minnesota. Evolve had its best year in its nearly nine decade history, with mortgage purchases rising almost 40 percent to more than $1 billion.

Mike Williams, the Burnsville office's manager, told the Minneapolis-St. Paul Business Journal that the company picked Burnsville because of the stability of the Twin Cities market.

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"We didn’t suffer the huge swings that have affected the real estate markets in some of the other metropolitan areas of the country," he said. "There were no huge rises in the market so we haven’t seen the huge dips."

The Burnsville office is located at 2430 E. 117th Street and has 13 employees, including nine loan officers.

Find out what's happening in Burnsvillewith free, real-time updates from Patch.


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