Enterprise Bank & Trust to acquire twelve branches from First Interstate Bank.

Enterprise Bank & Trust, a community bank offering checking accounts, loans, mobile banking, agreed to acquire twelve branches from First Interstate Bank, a financial holding company. Financial terms were not disclosed. “We are pleased to enter into this agreement with First Interstate Bank. This is a unique and strategically-aligned opportunity to expand our access to markets with both attractive growth opportunities and familiarity and to continue to generate long-term value for our shareholders. Since entering the Arizona market nearly fifteen years ago, we have grown our business significantly. We believe our expanded presence will reinforce our ability to continue growing by offering favorable locations and improved access to our customers. In addition, we are also very excited to solidify our presence in Kansas City through this transaction. We have differentiated our strategy from other banks in this market through our proven expertise and reputation in commercial banking," James B. Lally, Enterprise Financial Services President and Chief Executive Officer.