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[April 13, 2012]

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Enterprise Financial Services Corp

Law Offices of Howard G. Smith, representing investors of Enterprise Financial Services Corp ("Enterprise" or the "Company") (NASDAQ:EFSC), has filed a class action lawsuit in the United States District Court for the Eastern District of Missouri on behalf of a class consisting of all persons or entities who purchased Enterprise securities between April 20, 2010 and January 25, 2012, inclusive (the "Class Period").

Enterprise operates as the holding company for Enterprise Bank & Trust, which purports to provide banking and wealth management services to individuals and business customers in the St. Louis, Kansas City and Phoenix metropolitan markets. The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose material adverse facts about Enterprise's business, operations and prospects. Specifically, the Complaint alleges that efendants misrepresented and/or failed to disclose that: (1) the Company was improperly recording income on loans covered under loss share agreements with the Federal Deposit Insurance Corporation ("FDIC"); (2) as a result, the Company's income was overstated; (3) as such, the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles; (4) the Company lacked adequate internal and financial controls; and (5), as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Enterprise securities between April 20, 2010 and January 25, 2012, you have until June 11, 2012, to move for lead plaintiff status. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at http://www.howardsmithlaw.com.

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