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Stock Market & Financial Investment News

News Breaks
January 9, 2013
18:01 EDTEFSCEnterprise Financial Services repurchases warrants from U.S. Tresury
Enterprise Financial Services announced that it has repurchased the warrants issued to the U.S. Department of the Treasury as part of the TARP Capital Purchase Program. The warrants provided the right to purchase 324,074 shares of Enterprise common stock. Enterprise and the Treasury Department agreed upon a repurchase price of approximately $1M for the warrants. This transaction completes Enterprise's exit from the Capital Purchase Program. The Company has already repurchased in full the $35M in preferred stock it issued to the Treasury under the Program.
News For EFSC From The Last 14 Days
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June 16, 2015
17:01 EDTEFSCEnterprise Financial Services awarded $65M new markets tax credit allocation
Enterprise Financial has been selected by the CDFI Fund of the U.S. Department of Treasury to receive a $65M allocation of New Markets Tax Credits, or NMTC. These tax credits are designed to provide financing for community development projects and qualified businesses located in low income communities. Enterprise Financial CDE, LLC was one of only 76 community development entities in the United States selected for an allocation and was awarded the third largest allocation in the nation. This is the fourth allocation of NMTC for Enterprise Financial CDE in the past five years for a total of $183M.

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