Enterprise Financial to Raise $29M

Enterprise Financial Services Corp. in St. Louis said Wednesday that it will raise $28.6 million with a public offering.

The $2.93 billion-asset company said that it plans to sell about 2.4 million shares of common stock at $12.75 a share. The offering is expected to close on May 24.

Enterprise plans to use proceeds to strengthen capital and other purposes, possibly including acquisitions.

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