August 28, 2016 10:21 PM ET

Banks

Company Overview of Enterprise Bank and Trust Company

Company Overview

Enterprise Bank and Trust Company provides personal and business banking products and services. It offers checking accounts, savings accounts, student accounts, personal and business loans, retirement plans, and mortgages. The company also provides cash management, wealth management, insurance, and mobile and online banking services. It serves businesses, professionals, non-profits, and individuals. The company was founded in 1988 and is based in Lowell, Massachusetts. It has branch locations in Tyngsboro, Dracut, Chelmsford, and Lowell, Massachusetts; and Hudson, Nashua, and Pelham, New Hampshire. Enterprise Bank and Trust Company operates as a subsidiary of Enterprise Bancorp Inc.

222 Merrimack Street

Lowell, MA 01852

United States

Founded in 1988

Phone:

978-459-9000

Fax:

978-656-5821

Key Executives for Enterprise Bank and Trust Company

Chief Executive Officer and Director
Age: 58
President and Director
Age: 69
Founder and Chairman of The Board
Age: 76
Chief Financial Officer, Executive Vice President and Treasurer
Age: 59
Chief Executive Officer of Enterprise Bank Arizona and President of Enterprise Bank Arizona
Age: 57
Compensation as of Fiscal Year 2016.

Enterprise Bank and Trust Company Key Developments

Enterprise Bancorp Inc. and Enterprise Bank and Trust Company, Inc. Announces Board Changes

On January 19, 2016, Mr. Arnold S. Lerner, a director of Enterprise Bancorp, Inc. and its wholly owned subsidiary, Enterprise Bank & Trust Company since 1988, notified the company of his decision to retire from the Board of Directors of each of the company and the Bank effective immediately. Mr. Lerner was a member of the class of directors whose term expires at the 2017 annual shareholder meeting. Effective January 19, 2016, in accordance with authority provided under the By-Laws of the company and the Bank, the Boards of Directors of the company and the Bank appointed Joseph C. Lerner to each of the Board of Directors of the company and the Bank. Mr. Joseph C. Lerner is the son of Mr. Arnold S. Lerner. Mr. Joseph C. Lerner will serve as a director until the 2017 annual shareholders' meeting when he will be eligible for re-election by the company's shareholders if he is nominated again by the Company's Board of Directors. Mr. Joseph C. Lerner currently serves as Co-Founder and Managing Partner of Cycle Power Partners of Lowell, MA, and as Co-Founder and Managing Director of 819 Capital LLC.

Enterprise Bancorp, Inc. and Enterprise Bank Appoint James F. Conway as Board Vice Chairman and Lead Director

Enterprise Bancorp, Inc. announced the election of James F. Conway, III to the positions of Board Vice Chairman and Lead Director for Enterprise Bancorp, Inc. and Enterprise Bank. Mr. Lerner will continue to serve as a Director, Chair of the Corporate Governance/Nominating Committee, and a member of the Executive, Asset-Liability, Enterprise Investment Advisors and Compensation Committees.

Enterprise Bancorp Inc. and Enterprise Bank and Trust Company, Inc. Announce Retirement of Directors

On March 17, 2015, John P. Harrington, a director of Enterprise Bancorp, Inc. and Enterprise Bank & Trust Company since 1989, and Lucy A. Flynn, a director of the company and the Bank since 1997, notified the company of their respective decision to retire from the Board of Directors of each of the company and the Bank effective following the completion of the company's 2015 Annual Meeting of Stockholders.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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