Enterprise Bank & Trust’s solid financial performance and profitability has earned it one of the first-annual Raymond James Community Bankers Cup awards – placing it among the top 10 percent of community banks nationally.
Raymond James & Associates, a leading investment banking and financial advisory firm, analyzed community banks for profitability, operational efficiency and balance sheet metrics from fiscal 2012. The pool of community banks considered for recognition had assets between $500 million and $10 billion as of December 31, 2012.
Enterprise Financial Services Corp, the publicly-traded (NASDAQ: EFSC) holding company of Enterprise Bank & Trust, was found to be in the top 10 percent of banks demonstrating superior performance and ranked 19th among 303 banks vying for the award.
“To earn this independent, data-based recognition is a great reflection of the hard work and accomplishments we have consistently demonstrated over the past several years,” said Jack Barry, chairman of Enterprise Bank & Trust’s Arizona region. “This award also proves our focused and relationship-based business strategy is working.”
Enterprise operates commercial banking and wealth management businesses from its Phoenix, St. Louis and Kansas City locations. Enterprise Bank & Trust is primarily focused on serving the needs of privately-held businesses, their owner families, executives and professionals.