Enterprise Financial Services Corp Surveillance Report

Company Profile

Headquartered in Clayton, Missouri, Enterprise Financial Services Corp (NASDAQ: EFSC) (“Enterprise” or “the company”) is the $16.4 billion BHC of Enterprise Bank & Trust (“the bank”). EFSC operates an efficient network of 54 branches largely in urban and suburban markets across the company’s legacy operating footprint (Missouri and Kansas) and growth markets (Arizona, California, New Mexico, Nevada, Texas, and Florida). The company also operates a national network of specialty lending and deposit verticals via non-branch offices.
The bank’s commercially oriented loan portfolio comprises traditional C&I and owner-occupied CRE (31% of total loans), non-owner occupied CRE (22%), construction (7%) as well as specialty lending verticals which include SBA (11%), sponsor finance (7%), life insurance premium finance (10%), and tax credit lending (7%). The consumer portfolio is small (4% of loans), primarily residential mortgage.
Maintaining a…

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