Enterprise Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend of $0.185 per share on January 19, 2021, scheduled for payment on March 1, 2021. Shareholders of record as of February 8, 2021 will receive this dividend. The company operates primarily through Enterprise Bank and Trust Company, providing a variety of financial services, including loans and deposits, across Massachusetts and Southern New Hampshire. The company recently opened a new branch in North Andover, MA, and plans to establish another in Londonderry, NH, by early 2022.

Positive

• Quarterly dividend of $0.185 per share reflects company confidence.
• Expansion with new branches in North Andover and Londonderry enhances market presence.

Negative

• None.

LOWELL, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)

On January 19, 2021, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.185 per share to be paid on March 1, 2021 to shareholders of record as of February 8, 2021.

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bank is principally engaged in the business of 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, and commercial insurance services, as well as wealth management and trust services. The Company's headquarters and Enterprise Bank's main office are located at 222 Merrimack Street in Lowell, Massachusetts. The Company's primary market area is the Greater Merrimack Valley, Nashoba Valley, and North Central regions of Massachusetts and Southern New Hampshire (Southern Hillsborough and Rockingham counties). 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. On January 4, 2021, the Company opened its full-service branch office in North Andover, MA and is also in the process of establishing a branch office in Londonderry, New Hampshire and anticipates that this location will open in late 2021 or early 2022.

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

FAQ

What is the dividend amount declared by EBTC?

Enterprise Bancorp, Inc. declared a quarterly dividend of $0.185 per share.

When will the dividend be paid by EBTC?

The dividend will be paid on March 1, 2021.

What is the record date for the dividend payment from EBTC?

The record date for the dividend payment is February 8, 2021.

Where is Enterprise Bancorp, Inc. located?

The headquarters is located at 222 Merrimack Street in Lowell, Massachusetts.

What services does Enterprise Bank offer?

Enterprise Bank offers commercial, residential, consumer loans, deposits, cash management, and wealth management services.