Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp (NASDAQ: EFSC) has been ranked in the top 10 percent of U.S. community banks by Raymond James & Associates, a leading investment banking and financial advisory firm.
Enterprise was recognized in the second annual Raymond James Community Bankers Cup awards, which identified the top 10 percent of community banks based on various profitability, operational efficiency and balance sheet metrics.
The pool of community banks considered for recognition includes all exchange-traded domestic banks, excluding mutual holding companies and potential acquisition targets, with total assets between $500 million and $10 billion as of December 31, 2013. More than 300 community banks across the United States were evaluated for the awards.
Enterprise was also recognized in Raymond James’ first Community Bankers Cup award for 2012.
“We are gratified to be considered one of the top community banks by Raymond James for the second consecutive year,” said Enterprise Bank & Trust Arizona Region Chairman Jack Barry. “This award is based on our financial performance, but it’s also a direct reflection of the talent of our bankers and the success of our clients, who drive our financial results.”