Like many children, Jim Lally grew up in St. Louis hoping to become a pro athlete. “But with the time I was young, I knew I would have to change my aspirations,” he says. Lally has built an influential career in the financial services industry, leading one of the largest trading banks in St. Louis. Through Lally’s leadership, Enterprise Bank & Trust continues to build its advisory banking relationship with clients throughout the region. If he can change one thing about his industry, Lally will provide complete FDIC insurance coverage for all business operation accounts to level the playing field for small and medium banks.
Professional achievements and opportunities
What has been the most important success of your company or your company over the past 12 months? I am proud of the fact that we offer strong financial performance as we continue our growth in St. Louis and all over the country. Being strongly financially allows us to continue to be a reliable, reliable financial partner for small and medium -sized businesses and their owners.
Has do you have more excited about the future of your company or industry? I am excited by the fact that we have continued the runway to increase and repeat our successful banking counseling approach. We are only at the beginning of a long and successful run.
If you could change one thing about your industry, what would it be and why? I would like to see FDIC provide full FDIC insurance coverage for all business operation accounts. This would flatten the playing field for small and medium banks against that of major national institutions.
What is the most difficult business challenge that you had to overcome (excluding pandemia) and why? We have grown quite a lot through purchases in recent years. Joining a company acquired with their culture in enterprise culture is always a challenge. But we have been successful because we keep the values and principles of the same corporations-always-while allowing local cultures and local decision-making to continue. We mix the best of both worlds.
Mentors and peers
Who or where do you go for sound business tips? I am blessed to have an extraordinary network of trusted councilors. They are all from colleagues, to my father and brothers to our board of directors.
Which advice has had the most important impact on your career? I heard this early in my career and now I share it with my colleagues all the time: do what you can only do. They all have a unique set of skills and views of life that makes them valuable. Play with your unique qualities and you will distinguish yourself from others.
What is one thing you would change about the business environment of the Metro St. Louis and why? It’s not so much a difference as something I would like to see more. And this is continuing to create a collective vision and voice for the growth of our city and region. Different business leadership groups and business leaders in the region are making a fantastic progress towards this goal, but I would like to see more cooperation and unification of our regional vision.
BACKGROUND
Where were you born? St. Louis
What was your childhood aspiration? Like many boys, I wanted to be a pro athlete. But by the time I was young, I knew I would have to change my aspirations.
What was your first job and what did you learn from it? I owned a residence newspaper at the age of 8. I have learned to say yes about opportunities and that hard work pays.
Which educational degrees do you hold, and where were they won? I received my university degree at Saint Louis University and my graduate degree at the University of Misuri – St. Louis. I have also completed the executive program at the University of Virginia -Harden Business School.
Hobbies and interests
If you weren’t in your current profession, what would you do and why? I am very sure I would also learn training at high school level.
What is a book you think everyone should read (or podcast that everyone should hear) and why? Team of rivals: Abraham Lincoln’s political genius By Doris Kearns Goodwin is a favorite. And, of course, Podcast Bank & Trust Enterprise Bank & Trust, Enterprise.ingwith great knowledge of business leaders and professionals at all levels.
What is your Karaoke song? I’m not a big Karaoke guy, but my song “Walking” would be “Don’t Stop Believin” from the trip.
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