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Enterprise Bank & Trust Announces Planned Fourth Quarter Executive Leadership Changes

1. EFSC announces executive leadership changes as part of growth strategy. 2. Scott Goodman to become Vice-Chairman, indicating succession planning.

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FAQ

Why Bullish?

Leadership changes often signal strategic repositioning. They can enhance investor confidence, as seen in previous transitions within the banking sector that have led to positive stock movements.

How important is it?

Leadership changes are pivotal in setting strategic directions for banks. Given the competitive nature of the banking industry, how effectively the new leadership can steer growth impacts EFSC's market viability.

Why Long Term?

Changes in leadership can take time to manifest in operational performance and market perception. Historical examples show that new leadership often takes time to affect stock valuations positively.

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ST. LOUIS--(BUSINESS WIRE)--Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp (Nasdaq: EFSC), today announced several changes to its executive leadership team that will become effective later this year as part of the bank's ongoing growth and succession planning. Scott Goodman will transition from his current role as President of Enterprise Bank & Trust and a Senior Executive Vice President of EFSC, into the role of a Vice-Chairman of Enterprise Bank.

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