Enterprise Financial(EFSC) - 2023 Q3 - Earnings Call Transcript

Jim also mentioned our recent award of $60 million in new market tax credit allocation by the U.S. Treasury Department. As we have with prior awards, these credits will serve as a catalyst to facilitate much needed projects within under invested areas in our metro markets. But these credits will also allow our bankers to bring a differentiated solution to the table to attract new banking relationships and can provide a source of fee income, which is typically 7% to 8% of the allocation earned over seven yea ...