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Enterprise Bank Acquires 12 Branches, Expands KS, AZ Presence

Enterprise Bank & Trust and First Interstate Bank has entered into a acquisition deal where Enterprise will gain 12 new branches to its network. Photo credit: Shutterstock (TippaPatt).

Posted May 1, 2025

First Interstate Bank will sell two of its Kansas City area-based banks to Enterprise Bank & Trust as part of a larger deal to increase the latter’s presence in the region.

The acquisition consists of Billings, Montana-based First Interstate Bank selling 12 of its branches to Enterprise Bank & Trust, which is headquartered in Clayton, Missouri. Enterprise is acquiring 10 branches in Arizona and two branches in Kansas, including 8001 Metcalf Ave, Overland Park and 10610 Shawnee Mission Parkway, Shawnee.

Enterprise will gain approximately $740 million in deposits and roughly $200 million in loans, according to a release Monday. The bank is expanding its market presence in Arizona with approximately $1.3 billion of deposits while increasing its physical presence to nine full-service branch locations with approximately $1.1 billion of deposits.

“We believe our expanded presence will reinforce our ability to continue growing by offering favorable locations and improved access to our customers,” president and CEO of Enterprise, James Lally, said in the release. “In addition, we are also very excited to solidify our presence in Kansas City through this transaction. We have differentiated our strategy from other banks in this market through our proven expertise and reputation in commercial banking.”

Founded in 1988, Enterprise Financial Services Corp operates with approximately $15.7 billion in assets. Its subsidiary, Enterprise Bank & Trust, has 40 branch offices throughout Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico.

Janney Montgomery Scott LLC and Holland & Knight LLP represented Enterprise while Keefe, Bruyette and Woods Inc. and Luse Gorman represented First Interstate on the transaction.