Enterprise Bancorp, Inc. Announces Quarterly Dividend increase of 14%.LOWELL, Mass. -- Enterprise Bancorp, Inc. (the "company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EBTC EBTC Enterprise Bank and Trust Company EBTC Eastern Border Transportation Coalition (Canada) EBTC Edmonton Bicycle and Touring Club (Canada) EBTC Environmental Business and Technology Center ) The Board of Directors of Enterprise Bancorp Inc. today declared a quarterly dividend of $0.08 per share to shareholders of record as of February 8, 2007, payable on March 1, 2007. The quarterly dividend represents a 14% increase over the 2006 dividend rate. 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. 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 and deposit 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 Lowell is a city in Middlesex County, Massachusetts, USA. As of the 2000 census, the city had a total population of 105,167. It is the fourth largest city in the state. It and Cambridge are the county seats of Middlesex County. . The company's primary market area is the Merrimack Valley The Merrimack Valley is the area surrounding the Merrimack River in northeastern Massachusetts. The area on either side of the Merrimack in New Hampshire is named the Merrimack Valley Region by the NH Division of Travel and Tourism Development. , North Central region of Massachusetts and South Central New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . The company has fourteen full-service branch banking offices located in the Massachusetts cities and towns of Lowell, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Leominster, Tewksbury, and Westford, and in Salem, New Hampshire Salem is a town in Rockingham County, New Hampshire, United States. The population was 28,112 at the 2000 census. Salem is a marketing and distributing center, with several colleges, recreation attractions and a large shopping mall, the Mall at Rockingham Park. , which serve those cities and towns as well as the surrounding communities. The Company has announced plans to file for regulatory approval to open a new branch facility in the city of Methuen, Massachusetts in late 2007. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion