October 16, 2025

Enterprise Bank & Trust Acquires 12 Branches from First Interstate Bank

News Summary

Enterprise Financial Services Corp has successfully completed its acquisition of 12 branches from First Interstate Bank, which includes 10 branches in Arizona and 2 in Kansas. This strategic acquisition adds approximately $300 million in loans and $645 million in deposits, significantly increasing Enterprise’s total assets to around $17 billion. The bank’s president emphasizes the growth potential and improved access to banking services for customers. This move aligns with Enterprise’s commitment to community initiatives and expanding market presence.

Arizona – Enterprise Financial Services Corp, the holding company for Enterprise Bank & Trust (EB&T), has completed its acquisition of 12 branches from First Interstate Bank (FIB). This acquisition includes 10 branches located in Arizona and 2 branches in Kansas, expanding EB&T’s footprint in these regions significantly.

The transaction adds approximately $300 million in loans and $645 million in deposits to Enterprise’s balance sheet. Following this acquisition, Enterprise’s total assets are estimated to reach around $17 billion. This marks a notable growth in the bank’s asset base, as it aims to enhance its funding profile and improve access to customers in these growing markets.

James B. Lally, President and CEO of Enterprise, highlighted the anticipated growth opportunities that the acquisition will provide in existing markets. The newly acquired branches have been fully converted to EB&T offices, ensuring that former FIB customers can now access a broad array of EB&T’s banking products and services.

The financial landscape for the merging entities also features strategic guidance. Janney Montgomery Scott LLC served as the financial advisor for this transaction, while Holland & Knight LLP acted as legal advisor. These appointments highlight the structured approach taken during the acquisition process.

Enterprise Bank & Trust operates branches across various states including Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. The bank provides a wide range of services that include commercial and retail banking, as well as wealth management services. This acquisition not only enhances the bank’s offerings but also aligns with its business model which focuses on community initiatives and strengthens customer relations.

The completion of this acquisition marks a significant milestone for Enterprise as it looks to integrate the new branches into its operational framework while expanding its market presence. With this growth, Enterprise is poised to enhance customer service and engagement through its diverse banking solutions, catering to both new and existing customers.

Additionally, Enterprise’s stock is traded on the Nasdaq under the symbol EFSC, further positioning the company in the public eye as it solidifies its place in the banking sector.

This acquisition reflects a strategic move for Enterprise Bank & Trust, demonstrating not only growth through acquisition but a commitment to providing robust banking solutions to its consumer base and investing back into the communities it serves.