Enterprise Financial Acquires First Advantage Bancorp Assets
Ticker: EFSCP · Form: 8-K · Filed: Jul 22, 2024 · CIK: 1025835
| Field | Detail |
|---|---|
| Company | Enterprise Financial Services Corp (EFSCP) |
| Form Type | 8-K |
| Filed Date | Jul 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, merger, financials
Related Tickers: EFSC
TL;DR
EFSC just bought First Advantage Bancorp's assets, closing July 19th. Big move for them.
AI Summary
Enterprise Financial Services Corp. announced on July 22, 2024, that it has completed its previously announced acquisition of substantially all of the assets and the assumption of certain liabilities of First Advantage Bancorp. The transaction was effective as of the close of business on July 19, 2024. This acquisition is expected to enhance Enterprise Financial's market position and expand its service offerings.
Why It Matters
This acquisition allows Enterprise Financial Services Corp. to expand its reach and service capabilities, potentially leading to increased market share and revenue growth.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent integration risks, potential for unforeseen liabilities, and may not achieve expected synergies.
Key Players & Entities
- Enterprise Financial Services Corp (company) — Registrant
- First Advantage Bancorp (company) — Acquired entity
- July 22, 2024 (date) — Report date
- July 19, 2024 (date) — Effective date of acquisition
FAQ
What specific assets and liabilities were acquired from First Advantage Bancorp?
The filing states that substantially all of the assets and certain liabilities of First Advantage Bancorp were acquired, but does not provide a detailed list within this document.
What was the effective date of the acquisition?
The acquisition was effective as of the close of business on July 19, 2024.
What is the primary business of Enterprise Financial Services Corp?
Enterprise Financial Services Corp. is a commercial bank.
In which state is Enterprise Financial Services Corp. incorporated?
Enterprise Financial Services Corp. is incorporated in Delaware.
What is the IRS Employer Identification Number for Enterprise Financial Services Corp?
The IRS Employer Identification Number for Enterprise Financial Services Corp. is 43-1706259.
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-07-22 16:09:07
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share EFSC Nasdaq Global Select Mar
Filing Documents
- efsc-20240722.htm (8-K) — 28KB
- ex991financialstatementsan.htm (EX-99.1) — 1219KB
- q22024efscearningsreleas.htm (EX-99.2) — 49KB
- enterprisefinancialservicesa.jpg (GRAPHIC) — 165KB
- q22024efscearningsreleas001.jpg (GRAPHIC) — 54KB
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- q22024efscearningsreleas029.jpg (GRAPHIC) — 35KB
- 0001025835-24-000054.txt ( ) — 6931KB
- efsc-20240722.xsd (EX-101.SCH) — 3KB
- efsc-20240722_def.xml (EX-101.DEF) — 15KB
- efsc-20240722_lab.xml (EX-101.LAB) — 26KB
- efsc-20240722_pre.xml (EX-101.PRE) — 15KB
- efsc-20240722_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 22, 2024, Enterprise Financial Services Corp (the "Company" or "EFSC") issued a press release announcing financial information for the quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference. On July 23, 2024, at 10:00 a.m. Central time, the Company intends to hold a webcast to present information on its results of operations for the quarter ended June 30, 2024. The slide presentation which will accompany the webcast is furnished as Exhibit 99.2 and is incorporated herein by reference. The press release, slide presentation and information contained therein and in this Item 2.02 shall not be deemed "filed" with the Securities and Exchange Commission.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release dated July 22, 2024. 99.2 Presentation to be conducted July 23, 2024 . 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ENTERPRISE FINANCIAL SERVICES CORP Date: July 22, 2024 By: /s/ Troy R. Dumlao Troy R. Dumlao Executive Vice President and Chief Accounting Officer