Headquartered in Clayton, Missouri, Enterprise Financial Services Corp (NASDAQ: EFSC) (“Enterprise” or “the company”) is a $15 billion financial holding company for Enterprise Bank & Trust (“the bank”). Enterprise operates an efficient network of 42 branches with $220 million in deposits per branch. The company’s legacy operating footprint was centered on urban Midwestern markets, primarily in Missouri and Kansas, though expansion efforts have been oriented West to include high growth markets in Arizona, Nevada, New Mexico, Texas, and California.
Since 2017, EFSC successfully integrated four whole-bank acquisitions that have led to an enhanced balance sheet, reflecting more diversified and scalable lending and deposit products, while supporting stronger earnings over time. However, more recently, EFSC has been focused on organic growth with its most recent transaction occurring in 2021.
The bank’s loan portfolio is commercially oriented.…
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