Tag Archives: Enterprise Bank & Trust

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Enterprise Ranked in Top 10% of Community Banks

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.”

Deal, WEB

Free Workshop for Business Leaders

Business owners interested in selling their business is the April topic at Enterprise University’s educational learning program on Thursday, April 10 at the Phoenix Country Club.

Enterprise University, a free program offered by Enterprise Bank & Trust, will feature partner James D. Colyer of True North Companies to discuss “Options for Selling a Business and How Private Equity Can Help.”

The morning workshop includes continental breakfast and will review the various exit strategies, the best way to prepare for a sale and explore how private equity can be a catalyst to ensuring a successful transition.

Enterprise University provides free educational seminars on a variety of relevant topics for business owners and their leadership taught by experts in a variety of fields including advertising, marketing, business continuity, financial planning and more.

WHAT: Free course for business leaders on “Options for Selling a Business and How Private Equity Can Help”

WHERE: Phoenix Country Club, 2901 N. 7th St. Phoenix, Ariz. 85014

WHEN: Thursday, April 10, 2014
7:30 a.m. – 8 a.m.: Registration/Continental Breakfast/Networking
8 a.m. – 9:30 a.m.: Workshop

COST: Free to business leaders. Registration is required.

RSVP: Visit www.enterprisebank.com/eu to register

SPEAKER: James D. Colyer is a partner at True North Companies and is responsible for deal origination, underwriting, deal execution and portfolio management activities. He has been a professional investor for more than 13 years and has worked on the buying and selling sides of deals involving aerospace and defense, consumer products and other industries.

For questions on Enterprise University, call Kay Erb at 800-396-8141, ext.13203.

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Enterprise Univ. examines Social Media, Personnel

Enterprise Bank & Trust, focused on the financial needs of privately-held businesses, their owner families, executives and professionals, announces its spring 2014 Enterprise University course schedule providing free educational seminars on a variety of relevant topics for business owners and their leadership.

“We’ve received outstanding feedback from Enterprise University participants the last two years and are delighted to debut our new format and dynamic speakers this semester,” said Enterprise Bank & Trust Arizona Region Chairman Jack Barry. “We’re pleased to offer the Phoenix business community an opportunity to learn from leading Valley professionals and the chance to share ideas and network in this engaging and interactive setting.”

The spring 2014 course schedule entails:

o Emerging Social Media and Personnel Policy Risks for Employers, Tuesday, March 11 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: Joseph T. Clees, Shareholder, Ogletree Deakins and New Guest Instructor: Brian E. Hayes, Shareholder, Ogletree Deakins and past member of the National Labor Relations Board (NLRB)
o Options for Selling a Business and How Private Equity Can Help, Thursday, April 10 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: James D. Colyer, Partner, True North Companies)
o Leveraging Digital Marketing to Grow Your Business, Wednesday, May 14 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: Stephen Heitz, Managing Director of Interactive Services, The Lavidge Company)

All courses are held at Phoenix Country Club located at 2901 N 7th St, in Phoenix. Classes are free, but registration is required. For additional information and to register visit www.enterprisebank.com/eu.

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.”

Enterprise Bank & Trust Arizona Region Chairman Jack Barry

Enterprise announces free spring seminar schedule

Enterprise Bank & Trust, focused on the financial needs of privately-held businesses, their owner families, executives and professionals, announces its spring 2014 Enterprise University course schedule providing free educational seminars on a variety of relevant topics for business owners and their leadership.

“We’ve received outstanding feedback from Enterprise University participants the last two years and are delighted to debut our new format and dynamic speakers this semester,” said Enterprise Bank & Trust Arizona Region Chairman Jack Barry. “We’re pleased to offer the Phoenix business community an opportunity to learn from leading Valley professionals and the chance to share ideas and network in this engaging and interactive setting.”

The spring 2014 course schedule entails:

o Emerging Social Media and Personnel Policy Risks for Employers, Tuesday, March 11 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: Joseph T. Clees, Shareholder, Ogletree Deakins)
o Options for Selling a Business and How Private Equity Can Help, Thursday, April 10 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: James D. Colyer, Partner, True North Companies)
o Leveraging Digital Marketing to Grow Your Business, Wednesday, May 14 7:30-8 a.m. networking, 8-9:30 a.m. program (Instructor: Stephen Heitz, Managing Director of Interactive Services, The Lavidge Company)

All courses are held at Phoenix Country Club located at 2901 N 7th St, in Phoenix. Classes are free, but registration is required. For additional information and to register visit www.enterprisebank.com/eu.

Enterprise University courses in Phoenix, St. Louis and Kansas City are taught by a variety of industry experts and focus on relevant business topics including marketing, social media, sales, financial strategies, leadership training, employee management, employee benefits, succession planning and more. Enterprise University challenges business owners to think strategically and collectively supports a thriving business community by offering its courses to bank clients as well as non-clients. Attendees may register for any or all of the free courses.

Income Tax Traps

Enterprise awarded $40 million tax credit allocation

Enterprise Financial CDE, LLC, a subsidiary of Enterprise Financial Services Corp. (EFSC), has been selected by the U.S. Treasury Department to receive a $40 million allocation of New Markets Tax Credits to provide financing for community development  projects and qualified businesses located in low income communities in Arizona and Enterprise’s other markets.

Locally, Enterprise Bank & Trust, also a subsidiary of EFSC, is one of only three financial institutions selected to receive tax credit allocations. This is the second allocation of new market tax credits that Enterprise has received over the past three years, totaling $75 million.

“This is a program that allows us to contribute greatly to the communities in which we serve,” noted Jack Barry, chairman of Enterprise Bank & Trust’s Arizona region. “This is significant since not only does it allow for community projects in much-needed areas of our community, but it also provides job creation and long-term positive economic impact.”

The New Markets Tax Credit program was established by Congress in December 2000 to allow individual and corporate taxpayers to receive a federal income tax credit for making equity investments in organizations such as Enterprise Financial CDE, LLC that agree to invest in businesses and real estate developments located in low-income communities – areas which had historically been passed over for such investments.

Last year, Enterprise  provided $10 million in new markets tax credit allocation to assist with the development of Oasis Hospital, an orthopedic and spinal injury health care facility in central Phoenix.

Enterprise Bank & Trust is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals. In Phoenix, Enterprise Bank & Trust has two branches, one in north Scottsdale and a centrally-located Camelback Corridor location.

Jack Barry 9607

Enterprise’s Barry joins AzBA board

The Arizona Bankers Association today announced Jack Barry, chairman of Enterprise Bank & Trust’s Arizona region, was recently elected to the association’s board of directors.

“Jack is well-respected for his leadership at Enterprise as well as for his long-standing commitment to the Phoenix community,” said Lynne Herndon, AzBA board chairman. “We are delighted to welcome him to the board as we continue to expand the scope and reach of AzBA, the voice of Arizona’s banking industry for more than 100 years.”

Barry joined Enterprise in 2008 as President of the Bank’s Arizona Region. Previously, he served as Executive Vice President and Market Leader for the former M&I Bank in Phoenix, where he was responsible for all commercial banking operations in the Phoenix area. He has also held senior management positions at the former Southwest Bank in Arizona and Mark Twain Bancshares in St. Louis, Missouri.

Barry earned a BS from the University of Missouri and holds a Certificate of Accountancy from the State of Missouri. He is past President of the Arizona Chapter of the RMA, is a former director of the Arizona Chapter of the Association for Corporate Growth, is on the board of the Boys & Girls Club of Metropolitan Phoenix and is vice president of Phoenix Country Club.

Jack Barry 9607

Enterprise's Barry joins AzBA board

The Arizona Bankers Association today announced Jack Barry, chairman of Enterprise Bank & Trust’s Arizona region, was recently elected to the association’s board of directors.

“Jack is well-respected for his leadership at Enterprise as well as for his long-standing commitment to the Phoenix community,” said Lynne Herndon, AzBA board chairman. “We are delighted to welcome him to the board as we continue to expand the scope and reach of AzBA, the voice of Arizona’s banking industry for more than 100 years.”

Barry joined Enterprise in 2008 as President of the Bank’s Arizona Region. Previously, he served as Executive Vice President and Market Leader for the former M&I Bank in Phoenix, where he was responsible for all commercial banking operations in the Phoenix area. He has also held senior management positions at the former Southwest Bank in Arizona and Mark Twain Bancshares in St. Louis, Missouri.

Barry earned a BS from the University of Missouri and holds a Certificate of Accountancy from the State of Missouri. He is past President of the Arizona Chapter of the RMA, is a former director of the Arizona Chapter of the Association for Corporate Growth, is on the board of the Boys & Girls Club of Metropolitan Phoenix and is vice president of Phoenix Country Club.

money stack

Enterprise Bank & Trust earns honor

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.

money stack

Enterprise Bank & Trust earns honor

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.

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Enterprise posts strong quarterly earnings

Enterprise Financial Services Corp. reported net income of $10 million for the quarter ended March 31, 2013, compared with net income of $6.2 million for the prior year period. Net income per diluted share was $0.53 for the first quarter of 2013, compared with $0.31 per diluted share for the first quarter of 2012. Higher net interest income as well as a reduction in non-interest expenses drove the increase in net income.

Peter Benoist, president and CEO, commented, “Enterprise posted strong earnings for the quarter, with solid results from our core banking operations, as well as our covered asset portfolios. Compared to a year ago, organic C&I loan balances grew 20% while nonperforming assets declined 41%. Over the same period, key components of our noninterest income increased steadily, with wealth management revenues rising 14% and service charges up 15%. The pending acquisition of Gorman & Gorman Home Loans will expand our mortgage business and related fee income opportunities.”

“Net revenues from our FDIC loss share assets continue to add meaningfully to our results,” noted Benoist. “Covered assets produced $8.7 million in net revenue in the first quarter and have generated $75.8 million since we completed our first FDIC-assisted transaction a little more than three years ago.”

Benoist added, “We positioned the company for further growth with several new management assignments during the quarter. Scott Goodman was named president of Enterprise Bank & Trust, partnering with Steve Marsh to drive the Bank’s earnings growth as the economy continues to improve. In addition, several other executives were appointed to leadership roles in the Bank’s Arizona and Kansas City Regions. These promotions reflect the strength of our team and the company’s ability to deploy talent effectively to capitalize on market opportunities.”

Marketing action plan

Enterprise Offers Free Course for Business Leaders

Enterprise University, an educational program offered by Enterprise Bank & Trust, will continue its Spring 2013 courses with an April 24 class on “Creating a Marketing Strategy to Build Brands and Drive Results.” The morning workshop includes a continental breakfast and will focus on strategic, smart and innovative techniques that not only build brands but produce impressive results and generate a ROI.

This session will cover the best marketing practices online and offline for the following:
* Research and brand positioning
* Creative services
* Media planning/buying
* Web design and interactive marketing
* Public relations and special events

The instructors are David Nobs, Director of Business Development and Ben Smith, Director of Account Development at The Lavidge Company, a Phoenix-based advertising, public relationsand interactive marketing agency.

Enterprise University provides free educational seminars on a variety of relevant topics for business owners and their leadership taught by experts in a variety of fields including advertising, marketing, business continuity, financial planning and more.

WHAT: Course for business leaders on “Creating a Marketing Strategy to Build Brands and Drive Results”

WHERE: Phoenix Country Club, 2901 N. 7th St. Phoenix, Ariz. 85014

WHEN: Wednesday, April 24, 2013, 8:30 – 11:30 a.m.

COST: Free to business owners and leaders. Registration is required.

RSVP: Visit www.enterprisebank.com/eu to register

David Nobs has more than 25 years of experience in marketing, advertising and public relations. He’s directed high-profile campaigns for clients ranging from Bank of America and Microsoft to NASCAR, the NFL, NHL, LPGA and PGA of America.

Ben Smith has been on the leading edge of Arizona business and technology since 1985. Ben developed his expertise in project, design and long-range planning during his work in the public and private sectors, including serving as Director of Operations for a multi-million-dollar consulting firm where he managed engineering, programming and R&D teams nationwide.

Enterprise University will continue through May, with courses during the month of April focusing on marketing strategy and sales management.

education.business

Enterprise Bank Offers Free Business Course

Enterprise University, an educational program offered by Enterprise Bank & Trust, will continue its Spring 2013 courses with an April 2 class on “Personal Fiscal Fitness: The Critical Components of a Financial Plan.” The morning workshop includes a continental breakfast and will focus on wealth accumulation, retirement funding, estate planning and ensuring financial goals are met. The instructor is Susie Brousseau, Enterprise Bank & Trust’s senior vice president and director of wealth management for Arizona.

Enterprise University provides free educational seminars on a variety of relevant topics for business owners and their leadership taught by experts in a variety of fields including advertising, marketing, business continuity, financial planning and more.

WHAT: Course for business leaders on “Personal Fiscal Fitness”

WHERE: Phoenix Country Club, 2901 N. 7th St. Phoenix, Ariz. 85014

WHEN: Tuesday, April 2, 2013, 8:30 a.m. – 11:30 a.m.

COST:    Free to business owners and leaders. Registration is required.

RSVP: Visit www.enterprisebank.com/eu to register

Susie Brousseau began her education at the College of Charleston in Medical Technology. Shifting her focus to financial services, she achieved her Chartered Life Underwriter (CLU) designation in 1984, her Chartered Financial Consultant (ChFC) designation in 1985 and her Certified Financial Planner (CFP) designation in 1990.

Brousseau’s areas of expertise include estate planning, retirement planning, charitable giving, business planning, life insurance, investment management and asset protection strategies. She has received numerous awards, spoken regionally and nationally on wealth planning topics and has conducted numerous client seminars.

Enterprise University will continue through May, with courses during the month of April focusing on marketing strategy and sales management.

The following courses will be offered in April:
• April 24: Creating a Marketing Strategy to Build Brands and Drive Results
• April 30: Creating a Digital Strategy to Drive Business

For questions on Enterprise University call Kay Erb, Director of Enterprise University, at 800-396-8141, ext. 13203.