Enterprise Financial Services completed the merger with First Choice in a $398m deal.

Enterprise Financial Services, a financial holding company, completed the merger with First Choice, a bank holding company, in a $398m deal. Existing Enterprise shareholders own approximately 80% of the outstanding shares of the combined company, and FCBP shareholders own approximately 20%. “The acquisition of First Choice strengthens our commercial banking foundation in the largest economy in the country. I have tremendous respect for the associates of First Choice and the company they have built since its founding in 2005. They have successfully created a commercially-focused community bank with a demonstrated ability to generate organic growth. I am pleased to welcome the diverse and experienced First Choice team to our organization,” Jim Lally, EFSC President and Chief Executive Officer.