Overview
- FBI agents arrested Hartheimer at Evolve’s Poplar Avenue headquarters in Memphis on Thursday during the execution of a search warrant.
- Shelby County records list charges of sexual exploitation of a minor and distribution of obscene material.
- Evolve said its board terminated Hartheimer effective immediately and assigned oversight to President and CFO Mark Mosteller and EVP and General Counsel Joelle Weltzin.
- A bank spokesman said the U.S. Attorney’s office indicated the matter does not involve the bank or its operations.
- Hartheimer, appointed CEO in August, is scheduled to appear in federal court on Tuesday as the bank continues operating under a 2024 Federal Reserve enforcement order for compliance deficiencies.