Enterprise Bank & Trust to Acquire Creve Coeur Branch of BankLiberty
June 27 2011 - 6:00PM
Enterprise Bank & Trust, the banking subsidiary of Enterprise
Financial Services Corp (Nasdaq:EFSC), announced that it has agreed
to purchase certain assets and assume the liability for certain
deposits of the BankLiberty branch at 11401 Olive Boulevard in
Creve Coeur, MO. Enterprise intends to operate the location as a
full-service branch of Enterprise Bank & Trust, subject to
regulatory approval, beginning in the fourth quarter of 2011.
The Olive Boulevard location will be Enterprise's fifth branch
in the St. Louis metropolitan area. The Bank's other St.
Louis-area branches are located in Clayton, Sunset Hills, St.
Peters and St. Charles. Enterprise also operates seven
branches in the Kansas City area and four in the Phoenix
market.
Enterprise Financial operates commercial banking and wealth
management businesses in metropolitan St. Louis, Kansas City and
Phoenix. Enterprise is primarily focused on serving the needs
of privately held businesses, their owner families, executives and
professionals.
Readers should note that in addition to the historical
information contained herein, this press release contains
forward-looking statements, which are inherently subject to risks
and uncertainties that could cause actual results to differ
materially from those contemplated from such statements. We
use the words "expect" and "intend" and variations of such words
and similar expressions in this communication to identify such
forward-looking statements. Factors that could cause or
contribute to such differences include, but are not limited to,
burdens imposed by federal and state regulations of banks, credit
risk, exposure to local and national economic conditions, risks
associated with rapid increase or decrease in prevailing interest
rates, effects of mergers and acquisitions, effects of critical
accounting policies and judgments, legal and regulatory
developments and competition from banks and other financial
institutions, as well as other risk factors described in Enterprise
Financial's 2010 Annual Report on Form 10-K. Forward-looking
statements speak only as of the date they are made, and the Company
undertakes no obligation to update them in light of new information
or future events.
CONTACT: Jerry Mueller
Senior Vice President
(314) 512-7251
Ann Marie Mayuga
AMM Communications
(314) 485-9499
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