Exhibit 10.1 

CONSULTING
AGREEMENT 

     THIS
CONSULTING AGREEMENT (“Agreement”) is made by and between KEVIN C. EICHNER
(“Consultant”) and ENTERPRISE FINANCIAL SERVICES CORP (“EFSC”) on this ___ day
of February, 2008, to be effective as of May 1, 2008. 

RECITALS 

     A. Consultant has determined to
voluntarily resign his position as the President and CEO of EFSC effective as of
May 1, 2008 (“Effective Date”). 

     B. EFSC desires to retain the
expertise and services of the Consultant following the Effective Date, and
Consultant is willing to provide consulting services as provided herein.


     NOW, THEREFORE, it is agreed by and
between EFSC and Consultant as follows: 

     1. Consulting Services. During the
Term of this Agreement, Consultant (either directly or through an entity formed
by Consultant as provided in Paragraph 7 below) will provide consulting services
to EFSC and its subsidiaries. Specific matters upon which Consultant may provide
such services shall be determined by the President and Chief Executive Officer
of EFSC. 

     2. Term. The provisions of this
Agreement shall become effective beginning on the Effective date of May 1, 2008
and will terminate upon the earlier of (a) May 1, 2009 or (b) ninety days
following written notice of termination of this Agreement which may be given by
either party. 

     3. Compensation. Compensation for
consulting services provided pursuant to this Agreement shall be at the rate of
$10,000 per month ("Retainer") , payable monthly. It is understood that such
Retainer is for services exclusive of services provided as a member of the Board
of Directors of EFSC or any of its subsidiaries as provided in Paragraph 4 below
per year during the Term of this Agreement. In addition to such Retainer,
Consultant shall be paid normal reimbursable expenses, such as travel,
transportation, lodging and out-of-pocket expenses in accordance with EFSC’s
normal expense reimbursement policies. 

     4. Service on Boards of Directors. In
addition to the consulting services provided herein, if elected, Eichner shall
serve as the Vice Chairman and as a member of the Board of Directors of EFSC, on
the Board of Enterprise Trust Company as its Chairman of the Board, as a member
of the Board of Directors of Enterprise Bank & Trust Company of Arizona
("EBTA") the contemplated subsidiary Bank doing business in the State of Arizona
and as a member of the Board of Directors of those other subsidiaries to which
Consultant is elected. In addition to the Retainer set forth above, Consultant
shall be entitled to receive Board of Directors fees in the same amount as other
non-employee members of those respective Boards. 





     5. Coordination with Employment Agreement. Reference is made to that certain Executive Employment Agreement by and
between EFSC and Consultant effective as of July 1, 2005 (“Employment
Agreement”). It is agreed by and between the Consultant and EFSC that the Term
of such Employment Agreement is extended and continues until the Effective Date
of this Agreement, and that Consultant’s resignation as the President and CEO of
EFSC shall be deemed to be a Voluntary Termination as provided in Paragraph 5.5
of the Employment Agreement. Paragraphs 7, 8 and 9 of the Employment Agreement
shall survive such Voluntary Termination of Consultant’s employment with EFSC.
Consultant further agrees that the non-competition provisions provided for in
Paragraph 9.1 of the Employment Agreement and the non-solicitation provisions
contained in Paragraph 9.2 of the Employment Agreement shall be in force and be
binding upon Consultant during the term of this Agreement and for a one year
period following the termination of the Term of this Agreement. 

     6. Indemnification. EFSC agrees to
indemnify, defend and hold harmless Consultant with respect to his prior
services as an employee, director and officer of EFSC as provided for in
Paragraph 11 of his Employment Agreement, and agrees to similarly indemnify,
defend and hold harmless Consultant with respect to the consulting services
provided for herein to the same extent that Consultant would be indemnified had
such services been provided in his capacity as an Officer and/or Director of
EFSC. If available at no additional cost to EFSC, Consultant's services pursuant
to this agreement shall be included within EFSC's directors and officers
insurance coverage. 

     7. Assignment. This Agreement and the
rights and benefits hereunder may not be assigned by EFSC or Consultant;
provided, however, that Consultant may assign the right to receive the Retainer
and the obligation to provide consulting services pursuant to this Agreement to
a limited liability company or other entity in which Consultant owns 100% of the
equity, and provided that Consultant provides all the consulting services to
EFSC and its subsidiaries on behalf of such entity. Notwithstanding such
assignment, Consultant shall remain personally obligated pursuant to the
non-competition and non-solicitation provisions referred to in Paragraph 5
above. 

     8. Miscellaneous. This Agreement
contains the complete understanding and agreement of the parties with respect to
the matters contained herein, and shall be construed pursuant to the laws of the
State of Missouri. All notices given pursuant to this Agreement shall be in
writing, and shall be deemed delivered if personally delivered, or delivered by
courier to the last known respective residential address or business address of
the party receiving such notice. 

     IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of the date first stated above. 

ENTERPRISE FINANCIAL SERVICES CORP



	By:  	/s/
      Peter F. Benoist	       	/s/
      Kevin C. Eichner	 
		Peter F. Benoist, Chairman of the
      Board 	Kevin C. Eichner 
	 		




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