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Enterprise Financial wants to show that mortgages made to legal immigrants who have taxpayer ID numbers are actually safe credit risks, and it is testing the philosophy at a branch in Kansas City, Kan.
October 20 -
Enterprise Financial Services (EFSC) in Clayton, Mo., has promoted an executive to lead its commercial banking efforts.
February 20 -
Enterprise Financial and Reliance Bancshares in St. Louis, under pressure to grow like most community banks, believe they have figured out how to expand into faraway markets yet avoid the mistakes that cost many banks during the financial crisis.
October 9
Enterprise Financial Services in St. Louis reported lower quarterly earnings on a narrower net interest margin.
The $3.2 billion-asset company's net income fell 3% from a year earlier, to $8.2 million, or 41 cents a share.
Net interest income fell 16%, to $27.4 million. Total loans increased by 1.4%, to $2.3 billion, but the net interest margin compressed by 96 basis points, to 3.75%. The company had a $1.8 million reversal of its loan-loss provision during the third quarter.
Noninterest income rose 34%, to $2.7 million. Noninterest expenses fell 0.6%, to $21 million.
