Enterprise Financial Services Corp Appoints Peter Hui to the Board
April 27, 2021 at 01:59 am IST
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On April 26, 2021, Enterprise Financial Services Corp, Enterprise Bank & Trust, First Choice Bancorp, and First Choice Bank entered into an agreement and plan of merger, or the merger agreement, pursuant to which First Choice will merge with and into Enterprise, with Enterprise continuing as the surviving entity, which is referred to as the merger. Immediately following the merger, FCB will merge with and into EB&T, with EB&T as the surviving institution. Enterprise and First Choice have determined that Peter Hui, the founder and chairman of the board of directors of First Choice, will be appointed to the Enterprise board, with such appointment to be effective as of the effective time of the merger. Mr. Hui will serve until the first annual meeting of the shareholders of Enterprise following the effective time of the merger and until he or his respective successor is elected and qualified.
Enterprise Financial Services Corp is a financial holding company for Enterprise Bank & Trust, which is a full-service financial institution, which offers banking and wealth management services to individuals and corporate customers primarily located in Arizona, California, Kansas, Missouri, Nevada and New Mexico. The Company offers a range of business and personal banking services, including wealth management services provided through Enterprise Trust, a division of Enterprise Bank & Trust. Its lending services include commercial and industrial, commercial real estate, real estate construction and development, residential real estate, small business administration, consumer and other loan products. The Company's lending services include variety of deposit products, including property management and community associations along with a complete suite of treasury management and international trade services for operating businesses. It also offers specialty deposit accounts to customers.