Enterprise Bancorp, Inc. Announces Quarterly Dividend Increase Of 5.0%.
Enterprise Bancorp, Inc. (the “Company”) (NASDAQ:EBTC)
On January 18, 2011, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.105 per share to be paid on March 1, 2011 to shareholders of record as of February 8, 2011. The quarterly dividend represents a 5.0% increase over the 2010 dividend rate.
Enterprise Bancorp, Inc. (the “Company”), is a Massachusetts corporation
that conducts substantially all of its operations through Enterprise
Bank and Trust Company, commonly referred to as Enterprise Bank. The
Company principally is engaged in the business of attracting deposits
from the general public and investing in commercial loans and investment
securities. Through the bank and its subsidiaries, the Company offers a
range of commercial and consumer loan products, deposit and cash
management products as well as investment management, trust and
insurance services. The Company’s headquarters and the bank's main
office are located at 222 Merrimack Street in Lowell, Massachusetts. The
Company’s primary market area is the Merrimack Valley and North Central
regions of Massachusetts and Southern New Hampshire. Enterprise Bank has
seventeen full-service branch offices located in the Massachusetts
cities and towns of Lowell, Acton, Andover, Billerica, Chelmsford,
Dracut, Fitchburg, Leominster, Methuen, Tewksbury, and Westford and in
the New Hampshire towns of Derry and Salem. The Company expects to open
a new branch in Hudson, New Hampshire by the end of the first quarter
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