PILLAR+AUGHT ADVISES PNC FIG ADVISORY IN $10.5 MILLION SUB DEBT ISSUANCE

Pillar+Aught advised PNC FIG Advisory, part of PNC Capital Markets LLC, in its role as exclusive placement agent for Evolve Bancorp, Inc., holding company for Evolve Bank & Trust, in connection with the successful completion of a $10.5 million private placement of fixed-to-floating rate subordinated notes to certain qualified institutional buyers and institutional accredited investors.  Co-founder Ken Rollins led the Pillar+Aught team.