This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Enterprise Financial CEO Peter Benoist To Extend Tenure As Chief Executive

ST. LOUIS, March 26, 2013 (GLOBE NEWSWIRE) -- Enterprise Financial Services Corp (Nasdaq:EFSC) announced today that it has amended the employment agreement of President and Chief Executive Officer Peter F. Benoist to provide for an extension of his tenure as CEO. The original term of Benoist's employment agreement was scheduled to expire on December 31, 2013. However, the Company and Benoist have agreed on an amendment under which Benoist would continue as CEO through at least December 31, 2014. Under the terms of the agreement Benoist is eligible to earn two cash bonuses of $250,000 after December 31, 2013 and after December 31, 2014.

James J. Murphy, Jr., Chairman and CEO of Murphy Company and non-executive Chairman of the Enterprise Financial Board, commented, "Peter successfully led Enterprise through the most difficult economic period since the Great Depression. At the same time, while preserving the Company's sound financial footing during the financial crisis, he had the foresight to capitalize on opportunities that were presented during that time. Enterprise completed four FDIC-assisted transactions that established the Company's Arizona franchise and doubled its market presence in Kansas City. Those acquisitions have also generated more than $60 million in net revenues to date."

"Last year, Enterprise posted earnings per share that matched its best ever EPS performance and net income was the highest in the Company's history," noted Murphy. "Peter's vision, leadership skills and industry experience have been invaluable to Enterprise's success and the Board is very pleased that he has agreed to extend his term as CEO."

Benoist joined Enterprise in 2002 as Chairman and CEO of Enterprise Bank & Trust, the Company's principal subsidiary. In 2008 he was named President and CEO of the Company.

Prior to joining Enterprise, Benoist was Executive Director of the Regional Housing and Community Development Alliance in St. Louis. His banking career includes serving as Regional Chairman and St. Louis Market President of Firstar Bank, now US Bank, Senior Executive Vice President and Chief Operating Officer of the former Mercantile Bank of St. Louis and Director and Executive Vice President of the former Mark Twain Bancshares, Inc. and Chairman of its banking operations.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs