Enterprise Bank & Trust Announces Completion of Branch Acquisition with First Interstate Bank

Core Points - Enterprise Financial Services Corp has completed the acquisition of twelve branches from First Interstate Bank, enhancing its market presence in Arizona and Kansas City [1][2] - The acquisition includes approximately $300 million in loans and $645 million in deposits, bringing Enterprise's total assets to approximately $17 billion [1][2] Summary by Sections Acquisition Details - The acquisition adds ten branches in Arizona and two branches in Kansas, significantly expanding Enterprise's footprint in these regions [1][2] - The branches have been fully converted to Enterprise Bank & Trust offices, allowing former First Interstate Bank customers access to a wider range of banking products and services [2] Company Profile - Enterprise Financial Services Corp, headquartered in Clayton, Missouri, had approximately $16.1 billion in assets as of June 30, 2025 [4] - The company operates branch offices across several states, offering a variety of business and personal banking services, as well as wealth management services [4] Transaction Advisors - Janney Montgomery Scott LLC served as the financial advisor, while Holland & Knight LLP acted as the legal advisor for the transaction [3]