56Chevy
13 years ago
Abraham, Fruchter & Twersky, LLP Announces Filing of Securities Class Action Lawsuit against Enterprise Financial Services Corp
Fri, Apr 13, 2012 12:35 PM EDT
.....On January 25, 2012, after the close of trading, Enterprise Financial announced that its Annual Report on Form 10-K filed with the SEC for the 2010 fiscal year, and the interim financial statements included in its Quarterly Reports filed with the SEC on Form 10-Q for the first three fiscal quarters of 2010 and 2011, respectively, should no longer be relied upon. According to the Company, during these periods an error in the process Enterprise used to record income on loans covered under loss share agreements with the FDIC resulted in the overstatement of the Company's reported income. On this news, the price per share of Enterprise Financial common stock fell nearly 19%, or $2.92, to close on January 26, 2012 at $12.55, on unusually high volume.
http://finance.yahoo.com/news/abraham-fruchter-twersky-llp-announces-163500029.html
*Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that provides banking and wealth management services to individuals and business customers located in the St. Louis, Kansas City and Phoenix metropolitan markets.
** I do not own shares of EFSC nor do I plan to anytime soon.
56Chevy
13 years ago
Rigrodsky & Long, P.A. Announces Securities Fraud Class Action Lawsuit Against Enterprise Financial Services Corp
Apr 11, 2012
Rigrodsky & Long, P.A. announced that a complaint has been filed in the United States District Court for the Eastern District of Missouri on behalf of all persons or entities that purchased the securities of Enterprise Financial Services Corp. between April 20, 2010 and January 25, 2012, alleging violations of the Securities Exchange Act of 1934 against the company and certain of its officers.
http://finance.yahoo.com/news/rigrodsky-long-p-announces-securities-144900392.html
** I do not own shares of EFSC nor do I plan to anytime soon.
Penny Roger$
13 years ago
Enterprise Financial Services Corp (Enterprise) is a financial holding company. Enterprise is the holding company for a service banking subsidiary, Enterprise Bank & Trust (the Bank), offering banking and wealth management services to individuals and business customers located in the St. Louis, Kansas City and Phoenix metropolitan markets. The Company’s banking line of business offers a range of business and personal banking services. Lending services include commercial, commercial real estate, financial and industrial development, real estate construction and development, residential real estate, and consumer loans. On January 20, 2010, the Company sold its life insurance subsidiary, Millennium Brokerage Group, LLC (Millennium). On January 25, 2010, the Company completed the sale of 1,931,610 shares of its common stock in a private placement offering. On January 7, 2011, the Bank acquired certain assets and assumed certain liabilities of Legacy Bank (Legacy).
http://www.google.com/finance?q=EFSC
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