January 27, 2010 (FinancialWire) — Enterprise Financial Services Corp (NASDAQ: EFSC) said the completion of a private placement of common stock which raised an aggregate of approximately $15 million.

On a pro-forma basis, the additional common equity increases the company’s total risk-based capital ratio to 13.96%. The offering commenced December 11, 2009 and was available only to accredited investors meeting certain net worth and income requirements.

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.

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