Enterprise Bancorp, Inc. Quarterly Dividend to be Paid Dec. 2, 2019

LOWELL, Mass., October 15, 2019 (GLOBE NEWSWIRE) - Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)

On October 15, 2019, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.16 per share to be paid on December 2, 2019 to shareholders of record as of November 11, 2019.

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 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, digital banking options, and insurance services.  Enterprise Bank also provides a range of wealth management, wealth services and trust services delivered via two channels, Enterprise Wealth Management and Enterprise Wealth 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 24 full-service branches located in the Massachusetts communities of Lowell (2), Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Methuen, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Nashua (2), Pelham, Salem and Windham.  The Company is also in the process of establishing branch offices in the Massachusetts communities of Lexington and North Andover and anticipates that these offices will open in the late fall of 2019 and late spring 2020, respectively.

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Checking with Purpose 2019 - Supporting Our Local Veterans

For every checking account opened in the month of November, Enterprise Bank will donate $10 to a local Veteran’s organization within our region. Visit one of our branches or open your checking account online.

Q3 2019 Net Income Announced

LOWELL, Mass., October 17, 2019 (GLOBE NEWSWIRE) - Enterprise Bancorp, Inc. (the "Company" or "Enterprise") (NASDAQ: EBTC), parent of Enterprise Bank, announced net income for the three months ended September 30, 2019 of $9.0 million, an increase of $1.0 million, or 13%, compared to the three months ended September 30, 2018.

Enterprise Bank proudly sponsors 25th annual Coats for Kids™ Drive

Now through January 12, 2020, Enterprise Bank is collecting winter outerwear for families throughout our region as a partner with Jordan’s Furniture and Anton’s Cleaners and the Coats for Kids™ Drive.

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