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Enterprise Bancorp Inc. (EBTC)

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19.33 Down 0.46(2.32%) 4:00PM EDT
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Enterprise Bancorp Inc.
222 Merrimack Street
Lowell, MA 01852
United States - Map
Phone: 978-459-9000
Website: http://www.enterprisebanking.com

Details 
Index Membership:N/A
Sector:Financial
Industry:Savings & Loans
Full Time Employees:398

Business Summary 

Enterprise Bancorp, Inc. operates as the bank holding company for Enterprise Bank and Trust Company that provides banking and other financial services primarily in the Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts earning interest or reward points, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts to employees of its business customers. It also provides commercial mortgage loans, construction and land development loans, secured and unsecured commercial loans, lines of credit, and standby letters of credit; and conventional residential mortgage loans, home equity loans and lines, residential construction loans on primary and secondary residences, and secured and unsecured personal loans, as well as equipment lease financing services. In addition, the company offers cash management services; investment advisory and management services, including customized investment management and trust services under the enterprise investment advisors label; and insurance products, such as property and casualty, employee benefits, and risk-management solutions. As of May 6, 2014, Enterprise Bancorp, Inc. had 22 full-service branch offices located in the Massachusetts cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Methuen, Tewksbury, Tyngsboro, and Westford; and in Hudson, Nashua, Pelham, Salem, and Derry, New Hampshire. It primarily serves business entities, non-profit organizations, professionals, and individuals. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.

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Corporate Governance 
Enterprise Bancorp Inc.’s ISS Governance QuickScore as of Sep 1, 2014 is 10. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 10; Compensation: 9.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
 PayExercised
Mr. George L. Duncan , 74
Exec. Chairman, Member of Exec. Committee, Member of Asset-Liability Committee and Chairman of Enterprise Bank & Trust Company
512.00K79.00K
Mr. John P. Clancy Jr., 56
Chief Exec. Officer, Director, Member of Exec. Committee, Member of Asset-Liability Committee, Chief Exec. Officer of Enterprise Bank & Trust Company and Director of Enterprise Bank & Trust Company
560.00K126.00K
Mr. Arnold S. Lerner , 84
Vice Chairman, Chairman of Corp. Governance/Nominating Committee, Member of Exec. Committee, Member of Compensation Committee, Member of Asset-Liability Committee and Vice Chairman of Enterprise Bank & Trust Company
32.00KN/A
Mr. Richard W. Main , 67
Pres, Director, Chairman of Exec. Committee, Member of Asset-Liability Committee, Pres of Enterprise Bank & Trust Company and Director of Enterprise Bank & Trust Company
362.00K74.00K
Mr. James A. Marcotte , 57
Chief Financial Officer, Exec. VP, Treasurer, Chief Financial Officer of Enterprise Bank & Trust Company, Exec. VP of Enterprise Bank & Trust Company and Treasurer of Enterprise Bank & Trust Company
253.00K48.00K
Amounts are as of Dec 31, 2013 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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