It is James Lally’s turn to run Enterprise Financial Services in St. Louis.
The $4.1 billion-asset company said Thursday that Lally, who has worked at Enterprise for more than a decade and became president in August, will succeed Peter Benoist as CEO at the annual meeting on May 2. Lally will also join the company's board.
Benoist, who became president and CEO of Enterprise in 2008, will serve as a consultant through the end of this year.
Lally had worked for U.S. Bank and Commerce Bank in St. Louis before joining Enterprise in 2003 as a senior vice president. He rose through the ranks at Enterprise, with stops as president of the St. Louis region and head of commercial banking. Last year, before being named president, he assumed leadership of wealth management, private banking, mortgages and community development.
Enterprise is the parent company of Enterprise Bank & Trust, which has 16 branches in metropolitan St. Louis, Kansas City and Phoenix.
It has grown steadily over the years, sometimes via acquisitions. It agreed last October to buy Jefferson County Bancshares for $130.6 million. Three years earlier it announced a deal to buy Gorman & Gorman Home Loans, a division of F&M Bank and Trust in Hannibal, Mo.