ST. LOUIS, March 16, 2010 (GLOBE NEWSWIRE) -- Enterprise Financial Services Corp (Nasdaq:EFSC) named Robert J. Witterschein, former CEO and President of commercial banking for Southwest Bank, an M&I Bank, and Andrew S. Baur, former President of Retail Banking for Southwest Bank, to key executive posts at Enterprise Bank & Trust.
Peter Benoist, President and CEO of Enterprise Financial, said, "We are delighted to welcome Bob and Andrew to Enterprise. They will add substantial depth to our already-strong executive team. Their appointments, along with our recent bank acquisition in Arizona and successful private common stock offering, demonstrate our intent to build Enterprise into a dominant bank and financial advisor within our target markets."
Witterschein will join the Company as Executive Vice President, Commercial Banking, reporting to Steve Marsh, Chairman and CEO of Enterprise Bank & Trust, the Company's banking subsidiary. He will be responsible for commercial banking functions in Enterprise's St. Louis, Kansas City and Phoenix markets. Witterschein joins Enterprise from Southwest Bank in St. Louis, a unit of Marshall & Ilsey Corp., where he had been CEO and head of commercial banking since 2003.
Witterschein holds BSBA and MBA degrees from St. Louis University. He serves on the boards of the RCGA, where he is a member of the Executive Committee, the Regional Business Council and the Missouri Bankers Association. He also serves on the committee for the annual Bob Costas Gala supporting Cardinal Glennon Children's Hospital.
Steve Marsh, Enterprise Bank CEO, commented, "Bob Witterschein has a well-deserved reputation as one of St. Louis's leading bank executives. In partnership with our regional presidents and talented bankers, Bob will help us accelerate growth and deepen our relationships with business clients."
Baur joins Enterprise as Executive Vice President responsible for personal banking in St. Louis, also reporting to Marsh. He will oversee the Bank's St. Louis branches, personal banking and mortgage functions. Baur was President of retail banking at Southwest Bank since 2002.
Baur earned his BS from Washington & Lee University. He serves on the St. Louis Municipal Opera and Salisbury School boards and the executive committee of the St. Louis Zoo board of directors.
Marsh continued, "Andrew has proven his talents as one of the premier retail banking executives in the region, leading successful branch expansion efforts and numerous sales and client service initiatives. He will drive our strategies to create an effective personal banking program at Enterprise to complement our strong commercial banking franchise."
Enterprise Financial operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City and Phoenix. Enterprise is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals.