Enterprise Financial Services Corp Announces Addition to Board of Directors

ST. LOUIS–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) today announced the appointment of Stephen P. Marsh and Daniel A. Rodrigues as directors of Enterprise Financial Services Corp (the “Company”) effective August 8 March 2022. Each of MM. Marsh and Rodrigues are currently directors of the Company’s wholly-owned subsidiary, Enterprise Bank & Trust (“EB&T”).

In addition, the Company announced that, in accordance with the retirement policy of the Company’s Board of Directors (the “Board”), Ms. Judith S. Heeter, current member of the Board, has informed the Board that she will be retiring of the Board of Directors and will not stand for re-election as a member of the Board of Directors. Ms. Heeter’s retirement will take effect at the Company’s 2022 annual meeting of shareholders (the “Annual Meeting”). Ms. Heeter is currently Chair of the Board’s Nominating and Governance Committee and a member of the Board’s Executive and Risk Committees, and will step down from these roles when she leaves the Board.

“We are delighted to add Steve and Dan to our Board of Directors,” said John S. Eulich, Chairman of the Board. “Each brings significant experience with EB&T to the company’s board and impressive skills. Steve’s deep level of understanding of the financial services industry, combined with his risk management experience in the areas of credit management and regulatory compliance, as well as Dan’s experience in operations and technologies, will further complement and enhance the skills and perspectives represented on our Board of Directors, which we believe is essential for effective strategic planning and the creation of value for our shareholders.

Mr. Eulich continued, “I would also like to thank Judy for her years of service to the Company, our Board of Directors and our shareholders. Judy has been an important contributor to the Board of Directors and a steward for all of our stakeholders. On behalf of the Board of Directors, we wish him good luck in his future endeavours.

Stephen P. Marsh

Mr. Marsh has served as President and Director of the Company’s banking subsidiary, EB&T, since 2008. Mr. Marsh previously served as Executive Vice President, Chairman and Chief Executive Officer of EB&T from 2008 to 2014; and Executive Vice President, President and Chief Credit Officer from 2014 until his retirement in April 2016. Mr. Marsh also served as President of EB&T from 2006 to 2008 and President of Commercial Banking at EB&T from 2003 to 2006. Prior joining EB&T, Mr. Marsh was President and Senior Loan Officer of Southwest Bank from 1992 to 2003. Mr. Marsh serves on the Board of Trustees and Finance Committee of Loyola Academy and previously served on the Board of administration of St. Joseph’s Institute for the Deaf, Unity Health Services and the University Planning Commission.

Daniel A. Rodrigues

Mr. Rodrigues has been an Executive Partner at Hidden Creek Equity since February 2019. Mr. Rodrigues is also a member of the EB&T Board of Directors and a member of the EB&T Operations and Technology Committee since May 2016. Previously, Mr. Rodrigues was Vice President and General Manager of KLX Aerospace Solutions from May 2016 to April 2017. Mr. Rodrigues also served as Chief Operating Officer at Herndon Products, Inc. from January 2008 to May 2016. Mr. Rodrigues is also Executive Chairman of JGB Enterprises, Inc. and serves on the Dean’s Advisory Council at Parks College.

About Enterprise Financial Services Corp

Enterprise Financial Services Corp (Nasdaq: EFSC), with approximately $13.5 billion in assets, is a financial holding company headquartered in Clayton, Missouri. EB&T, a Missouri state-chartered trust company with banking powers and a wholly owned subsidiary of EFSC, operates branches in Arizona, California, Kansas, Missouri, Nevada and New Mexico, as well as SBA loan and deposit origination offices nationwide. EB&T offers a range of corporate and personal banking and wealth management services. Enterprise Trust, a division of EB&T, provides financial planning, estate planning, investment management and trust services to businesses, individuals, institutions, pension plans and not-for-profit organizations. Additional information is available at www.enterprisebank.com.

Enterprise Financial Services Corp common stock trades on the Nasdaq Stock Exchange under the symbol “EFSC”. Please visit our website at www.enterprisebank.com to see our regularly published material information.

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