It’s a special moment for Enterprise because effective as of today, we have closed on our merger with San Diego-based Seacoast Commerce Banc Holdings, the holding company for Seacoast Commerce Bank.
This is a cause for celebration for many reasons. Seacoast’s expertise in third-party escrow, HOA, property management, SBA lending and other specialized banking areas - as well as their commitment to building relationships with business clients - is what initially drew us to this partnership. There are only a handful of banks that offer experience in a full range of specialized banking services. Combining our best-in-class solutions in these areas offers our clients decades of expertise and the necessary experience to meet their ever-changing needs. Most importantly, the Seacoast culture, their people and brand align well with ours, and we’re excited to grow as one family.
This union creates a bank with the size, scale and national presence to compete long term. As a combined organization, not only can we provide a wider array and depth of services - we can further grow economic opportunities in our communities, increase career opportunities for our associates and add more value for our shareholders. We are excited to maintain - and grow - what the Seacoast team has built.
To everyone at Enterprise and Seacoast who has played a role in combining our organizations and making this merger a success, thank you. In this atypical year that continues to challenge so many clients and people in our communities, we hope the close of this merger provides an optimistic way to look toward the future.
We look forward to growing our business together and continuing to guide our clients to a lifetime of financial success.
President & CEO, Enterprise Financial Services Corp