Home Enterprise bank Enterprise Bancorp, Inc. Announces Quarterly Dividend

Enterprise Bancorp, Inc. Announces Quarterly Dividend


LOWELL, Mass., April 19, 2022 (GLOBE NEWSWIRE) — Enterprise Bancorp, Inc. (the “Company”) EBTC

On April 19, 2022, the board of directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.205 per share to be paid on June 1, 2022 to shareholders of record as of May 11, 2022. The 2022 dividend rate represents an increase of 10.8% compared to the 2021 dividend rate.

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all of its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bank is primarily involved in attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, commercial insurance services, as well as wealth management and trust services. The Company’s headquarters and the principal office of Enterprise Bank are located at 222 Merrimack Street in Lowell, Massachusetts. The Company’s primary market is North Middlesex, North Essex and North Worcester counties in Massachusetts and South Hillsborough and South Rockingham counties in New Hampshire. Enterprise Bank has 26 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell (2), Methuen, North Andover, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Nashua (2), Pelham, Salem and Windham. The company is in the process of building a branch in Londonderry, New Hampshire, and expects that branch to open in May 2022.

Contact Information: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578