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Enterprise Bancorp
Enterprise Bancorp

Financial services / Banking and Financial Services

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Enterprise Bancorp is a regional bank holding company based in Lowell, Massachusetts. It was founded in 1988 and provides banking and financial services to individuals, businesses, and non-profit organizations. The company operates through its subsidiary, Enterprise Bank, which has 25 full-service branches throughout Massachusetts and New Hampshire.
The bank offers a wide range of products and services, including checking and savings accounts, CDs, mortgages, consumer and business loans, cash management services, and investment and insurance services. It also has a strong commitment to community involvement and supports local organizations and initiatives.
Enterprise Bancorp prides itself on its personalized customer service and a focus on building long-term relationships with its clients. It has been recognized for its financial performance and was named one of the top 100 publicly traded community banks in the United States by American Banker magazine.
The company is publicly traded on the NASDAQ Global Select Market under the ticker symbol EBTC. Its headquarters are located in Lowell, Massachusetts.
What is special about the company?
1. Strong Financial Performance: Enterprise Bancorp has consistently delivered strong financial results, with consistent growth in revenue and profits over the years. This has earned the company a reputation for stability and reliability among investors.
2. Customer-focused Approach: The company prides itself on its personalized customer service and commitment to meeting the financial needs of its customers. This focus on the customer has helped Enterprise Bancorp build long-term relationships and a loyal customer base.
3. Local Community Bank: Enterprise Bancorp has a strong presence in the local communities it serves, providing banking services to individuals, small businesses, and commercial clients. As a community bank, it is committed to supporting local development and growth.
4. Diversified Business Model: The company offers a wide range of banking and financial services, including personal and business banking, wealth management, and insurance. This diversified business model helps mitigate risk and provides multiple revenue streams.
5. Culture of Innovation: Enterprise Bancorp embraces innovation and technology to improve its products and services, as well as enhance customer experience. This has allowed the company to stay ahead of the curve in the rapidly evolving banking industry.
6. Strong Corporate Governance: The company has a strong focus on corporate governance and operates with high ethical standards. This has earned Enterprise Bancorp a reputation for transparency and reliability among customers and investors.
7. Employee-Friendly Company: The company values its employees and provides a supportive and inclusive work environment. It has been recognized as a top workplace by various publications, highlighting its commitment to employee satisfaction.
8. Strong Community Involvement: Enterprise Bancorp is actively involved in giving back to the community through various philanthropic initiatives and volunteerism. This further solidifies its reputation as a responsible and socially conscious company.
What the company's business model?
The Enterprise Bancorp company is a financial institution that operates as a bank holding company. Its business model is focused on providing a wide range of banking and financial services to individuals and small businesses in Massachusetts and New Hampshire. This includes traditional banking services such as checking and savings accounts, loans, mortgages, and credit cards, as well as more specialized services such as wealth management and investment services. The company aims to have a strong local presence and build long-term relationships with its customers by offering personalized and innovative solutions to meet their financial needs. It also strives to effectively manage risk and maintain a strong financial position to ensure the stability of its operations. Additionally, Enterprise Bancorp has a strong commitment to community involvement and giving back to the areas it serves. This business model has allowed the company to achieve sustained growth and profitability since its inception in 1989.
Interesting facts about the company
1. Enterprise Bancorp, Inc. is a bank holding company based in Lowell, Massachusetts. It was founded in 1988 by current CEO George L. Duncan.
2. The company is listed on the NASDAQ stock exchange and has a market value of over $400 million.
3. Enterprise Bancorp, Inc. operates 25 full-service branch offices and six loan production offices in Massachusetts and New Hampshire.
4. The bank offers a range of personal and commercial banking services, including checking and savings accounts, home mortgages, personal and business loans, and investment services.
5. In addition to traditional banking services, Enterprise Bancorp also offers innovative products such as the eMoney Market account, which combines the benefits of a savings account and a money market account.
6. The company has been recognized for its financial stability and performance, consistently earning a 5-star rating from BauerFinancial, Inc.
7. Enterprise Bancorp is committed to giving back to the communities it serves through its Community Promise program. Since its inception, the program has donated over $3.8 million to local organizations and charities.
8. The company has received numerous awards and recognitions for its community involvement, including the 2013 Community Bank Hero Award from the New England Bankers Association.
9. Enterprise Bancorp prides itself on its strong corporate culture and commitment to its employees. In 2019, it was named one of the Best Banks to Work For by American Banker for the 7th consecutive year.
10. Despite its success and growth, Enterprise Bancorp remains true to its roots as a community bank, focusing on building personal relationships with its customers and providing personalized banking solutions.
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