Enterprise Financial Services Corp founders Fred Eller, Kevin Eichner and Ronald Henges in the late 1980s envisioned a full-service financial company that would serve the lifetime financial needs of privately- held businesses and their owners. The concept was to blend exceptional service with top-flight banking and wealth management products. In 1988, they launched the first banking location in the St. Louis area and aptly named it Enterprise Bank.
To allow for growth into new service lines, the entrepreneurs who launched the banking business formed Enterbank Holdings, Inc. in 1995 to integrate all businesses. In 2002 shareholders approved changing the company's name to Enterprise Financial Services Corp to better reflect this emerging family of businesses.
Enterprise Financial is a high growth financial services holding company which addresses the needs of privately-held businesses, their owner families and other success minded individuals through two principal lines of business: Commercial Banking and Wealth Management. The company is the parent of Enterprise Bank & Trust, under which brand it operates in the St. Louis and Kansas City markets.
Enterprise Financial expanded outside St. Louis with the June 2000 acquisition of the former First Commercial Bank through a merger with its parent company, Commercial Guaranty Bancshares, Inc. In February 2005 the Company's stock was listed on NASDAQ's Global Market. In October 2005 Enterprise acquired Millennium Brokerage Group, a life insurance advisory and brokerage organization headquartered in Nashville, Tennessee with thirteen offices supporting operations in 49 states. In 2006 Enterprise acquired NorthStar Bancshares, Inc., a commercial bank headquartered in North Kansas City, Missouri. That same year Enterprise acquired Clayco Banc Corporation, a commercial bank headquartered in Johnson County, Kansas.
Currently there are thirteen Enterprise Bank & Trust location: Clayton, Sunset Hills, St. Peters and St. Charles in metropolitan St. Louis; Clay County, Eastern Jackson County, Green Hills Road, North Kansas City, Overland Park, Platte County, Plaza and Claycomo in metropolitan Kansas City; West Valley in metropolitan Phoenix. These locations have over $3.5 billion in banking and wealth management assets and serve more than 3,000 valued customers.
Wealth Management is comprised of Enterprise Trust Company and Wealth Products Group. Enterprise Trust offers fee-based personal and corporate financial consulting and trust services. Personal financial consulting includes trust and estate administration, investment management, charitable planning, and tax and retirement planning. Corporate consulting services are focused in the areas of asset allocation, corporate benefits planning, retirement plans, management compensation, 401(k) Plan services and business succession planning.
The Wealth Products Group offers life insurance, retirement plans, disability insurance, long-term care insurance, mutual funds and annuities to clients of Enterprise Bank & Trust. It provides single source solutions for financial family and business planning, insurance and investments and is a key part of the Company's growth strategy.
Enterprise Financial and its subsidiaries have more than 300 employees, 100 directors and 1,200 shareholders. The board of directors at each unit comprises individuals with experience in business ownership, giving them personal insight into the needs of all Enterprise clients.