Tag Archives: Enterprise Bank

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Enterprise Bank to inject capital into Arizona projects

Enterprise Financial CDE, LLC, the community development entity of Enterprise Financial Services Corp (NASDAQ: EFSC), has been selected by the CDFI Fund of the U.S. Department of Treasury to receive a $65 million allocation of New Markets Tax Credits (NMTC). In Phoenix, Enterprise Bank & Trust is actively seeking investment opportunities for a portion of the funding.

The tax credits are designed to provide financing for community development projects and qualified businesses located in low income communities. Enterprise Financial CDE, LLC was one of only 76 community development entities in the United States selected for an allocation and was awarded the third largest allocation in the nation. This is the fourth allocation of NMTC for Enterprise Financial CDE in the past five years for a total of $183 million. In the past, NMTC projects in Arizona have included projects for Southwest Orthopedic and Spine Hospital and for Habitat for Humanity of Central Arizona.

Jack Barry, President and CEO for Enterprise Bank & Trust’s Arizona region said, “We have used these investment dollars to create projects with a lasting community impact here where there is a true need. We’ve already seen continued development in these communities, allowing them to attract further investment and foster growth.”

Mitch Baris, President of Tax Credit Services for Enterprise, added, “We’re pleased to be selected for our third consecutive NMTC award and fourth in five years. It enables us to continue driving job creation and economic development in low income communities throughout our service area.”

The New Markets Tax Credit program was established by Congress in December 2000 to help economically distressed communities attract private investment capital by investors with a Federal tax credit. Investments made by organizations like Enterprise Financial CDE, LLC through the New Markets Tax Credit Program are used to breathe new life into neglected, underserved low-income communities.

Enterprise Financial CDE, LLC’s service area includes the states of Missouri, Illinois, Kansas and in Arizona the counties of Coconino, Maricopa, Mohave, Pinal and Yavapai.

Enterprise Financial Services Corp operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City and Phoenix. Founded on the idea of serving the lifetime financial needs of privately-held businesses, their owner families and other entrepreneurs, Enterprise Bank & Trust has operations in Phoenix, St. Louis and Kansas City with more than $3.2 billion in assets and 15,000 families.

In Arizona alone, Enterprise has more than $150 million in existing loans to a diverse client base.

121956596

Enterprise Bank expands mortgage division

Recognizing the Valley’s continued residential real estate market recovery, Enterprise Bank & Trust has expanded its mortgage products for current and prospective clients interested in home purchase, refinance and other mortgage portfolio services.

To lead the expansion in Phoenix, Enterprise Bank & Trust has added seasoned mortgage expertise to its team including Brian Occhipinto, who will serve as a Mortgage Loan Officer and cater to the needs of clients in Arizona. Occhipinto has several years of expertise working with FHA lending programs, first time home buyers, refinancing and portfolio lending.

Prior to joining Enterprise Bank & Trust, Occhipinto served as mortgage branch manager at Peoples Bank, both in Colorado and Kansas, and as a mortgage banker with Chase. Occhipinto earned an MBA in finance from Rockhurst University in Kansas City and a bachelor’s degree in business from the University of Kansas.

“The residential real estate market continues to slowly improve in Greater Phoenix and we feel the time is ideal to expand our mortgage banking offerings,” said Jack Barry, chairman of Enterprise Bank & Trust’s Arizona region. “Brian is the perfect leader to help us take our home loan division to new levels of success. We welcome him to our Enterprise family of experts.”

Outside of the office, Occhipinto enjoys coaching soccer, watching movies, attending sporting events and spending quality time in the desert Southwest with his family. Occhipinto also is actively involved in the community, and supports organizations like Big Brothers Big Sisters, Junior Achievement as well as several business networking organizations.

Founded on the idea of serving the lifetime financial needs of privately-held businesses, their owner families and other entrepreneurs, Enterprise Bank & Trust has operations in Phoenix, St. Louis and Kansas City with more than $3.2 billion in assets and 15,000 families.

In Arizona alone, Enterprise has more than $150 million in existing loans to a diverse client base.

Joe Bleyle, WEB

Enterprise Bank Expands Arizona Commerical Real Estate Group

Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp announced that Joe Bleyle has been named senior vice president and director of commercial real estate lending for the Arizona region. Bleyle will lead an expanded effort to provide commercial real estate financing for mid-sized Arizona businesses, developers and investors.

Bleyle was formerly senior vice president responsible for managing the bank’s assets acquired as part of its FDIC-assisted acquisitions. He will continue to oversee the team managing those assets in addition to his new responsibilities.

Bleyle joined Enterprise in 2011 after serving in senior-level positions at Wells Fargo and First National Bank of Arizona. He previously served as chief financial officer for a local commercial real estate developer.

Bleyle holds an MBA and BS in Finance from the W.P. Carey School of Business at Arizona State University. He is a member of the Urban Land Institute and the NAIOP.

Joining Bleyle on the bank’s commercial real estate team is Ann McCartney, Senior Vice President, Private Banking. McCartney, who also joined the Bank in 2011, has an extensive background in banking and real estate. She previously held senior positions with Keystone Commercial Capital and First National Bank of Arizona among others. In addition to her new duties, McCartney will continue to serve as a private banker for Enterprise clients.

McCartney earned an MBA from the Thunderbird School of Global Management and a BS in Real Estate from Arizona State University. She has served on numerous industry and philanthropic boards and serves as an expert witness for commercial real estate disputes.

“With both banking and real estate industry experience, Bleyle is well-equipped for his new leadership role,” said Jack Barry, Chairman of Enterprise Bank & Trust’s Arizona region. “Along with Ann McCartney, this team has knowledge and expertise in Arizona’s commercial real estate industry. We look forward to increasing our involvement in this important sector.”