Holland & Knight Advises Enterprise Financial Services Corp in Merger with Seacoast Commerce Banc Holdings
PHILADELPHIA (November 17, 2020) – Holland & Knight represented Enterprise Financial Services Corp (NASDAQ: EFSC), the holding company for Enterprise Bank & Trust (EB&T), on its merger with Seacoast Commerce Banc Holdings and its wholly owned subsidiary, Seacoast Commerce Bank. The transaction was finalized on November 12.
The merger adds approximately $1.3 billion in assets, $1.2 billion in loans and $1.0 billion in deposits to Enterprise. Following the merger, Enterprise will have approximately $9.7 billion in total assets. The merger also further enhances the geographic diversity of Enterprise's footprint with Seacoast's five full-service banking branches in California and Nevada.
Holland & Knight's representation of Enterprise was led by Partner Paul Jaskot and Associates Kendall Wilson, Megan Cribbs and Leah Messler. They received SEC compliance and regulatory support from Partners Shawn Turner and Travis Nelson. Partner John Martini and Associate Nicole Martini advised on employee benefits.
More information about the transaction can be found here.