Enterprise Bancorp is a bank holding company of the Enterprise Bank. The company is headquartered in Lowell, Massachusetts and continues to publicly trade its common stocks on the NASDAQ, using the ticker symbol EBTC. Through its banking subsidiary, the business continues to service both commercial and individual depositors.
As a financial institution, Enterprise Bank continues to offer a wide range of financial services. They offer deposit and savings accounts, business and municipal savings accounts, certificates of deposit, escrow management accounts, money market and business sweep accounts. The collected amounts are then used by the company to finance their lending activities and their investments. There are several loan services that the business offers. These loans are made available to professionals, individuals, business entities and to non-profit organizations in various terms and interest rates. Part of their lending activities is their secured and unsecured commercial loans, standby letters of credit, lines of credit, construction and land development loans, commercial mortgage loans, home equity loans, residential mortgage loans and several others.
A substantial portion of their pooled funds is invested by the business in securities. The investment unit of the company is also represented by various subsidiaries, including Enterprise Investment Services, LLC, Enterprise Insurance Services, LLC, Enterprise Security Corporation, Enterprise Security Corporation II and Enterprise Security Corporation III. These businesses are engaged in offering insurance coverages and other non-deposit investment products. As of December 2014, the company’s investments are estimated to be around $245.1 million. Additionally, the company’s total deposits are valued to be around $1.68 billion.
Enterprise Bancorp continues to offer unparalleled customer service in relation to their financial services. The business has been winning clients not only for their enticing terms and rates, but also because of their strong commitment to be with their business partners until they are able to reach their financial goals.
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