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Enterprise Financial Services Corp., parent of of Enterprise Bank & Trust in Clayton, Mo., said Monday it met its goal and raised $15 million from 40 investors in a private offering.

On a pro-forma basis, the additional common equity increases the company’s total risk-based capital ratio to 13.96 percent.

The offering, which was available to accredited investors meeting certain net worth and income requirements, started Dec. 11 and wrapped up Friday.

“In roughly six weeks, we reached our maximum of $15 million from approximately 40 investors, with more demand than we could accommodate,” President and Chief Executive Peter Benoist said in a statement. “The confidence in Enterprise demonstrated by outside investors is shared by company insiders as well, who accounted for approximately 10 percent of the capital raised.”

The purchase price was $8.09 a share for the company’s directors and officers and $7.71 for other investors. The minimum investment was $150,000; the maximum was $4 million payday loans in one hour.

Enterprise said it would use the proceeds for general corporate needs, which may include working capital and “expanding through acquisitions.”

Enterprise, which received $35 million in capital in December 2008 from the federal Troubled Asset Relief Program, is interested in acquiring banks “that may have failed due to loan problems but have good core deposits,” Benoist recently told the Business Journal. Startup banks, for example, “that have not developed good core deposits would not be of interest,” he said.

In December, Enterprise acquired a bank that fit its desired profile, Valley Capital Bank in Mesa, Ariz., which had been closed by regulators. It paid the Federal Deposit Insurance Corp. a 2 percent premium to assume Valley Capital’s deposits, which totaled $41.3 million.

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