Holland & Knight Advises Enterprise Financial Services Corp in $346 Million Merger with First Choice Bancorp
PHILADELPHIA (July 27, 2021) – Holland & Knight represented Enterprise Financial Services Corp (NASDAQ: EFSC), the holding company for Enterprise Bank & Trust (EB&T), on its merger with First Choice Bancorp (FCBP), with Enterprise as the surviving institution. The transaction was finalized on July 21.
The merger adds approximately $2.4 billion in assets, $2 billion in loans and $1.9 billion in deposits to Enterprise. Following the merger, Enterprise will have approximately $12.7 billion in total assets. The merger further enhances the geographic diversity of Enterprise's footprint with FCBP's eight full-service branches in California.
Holland & Knight's representation of Enterprise was led by Partner Paul Jaskot and Associates Kendall Wilson, Megan Cribbs, Leah Messler and Melissa Goldberg. 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.
Holland & Knight also represented Enterprise in its mergers with Trinity Capital Corporation (2019) and Seacoast Commerce Banc Holdings (2020).
More information about the transaction can be found here.