Exhibit 99
Contact Info: | | Mary Ellen Fitzpatrick (978) 656-5520 |
| | Senior Vice President, Corporate Communications |
Enterprise Bancorp, Inc. Announces Third Quarter Dividend
LOWELL, Mass—(BUSINESS WIRE)—July 16, 2008—Enterprise Bancorp, Inc. (the “company”) (NASDAQ:EBTC)
On July 15, 2008, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.09 per share to be paid on September 2, 2008 to shareholders of record as of August 12, 2008. The quarterly dividend represents a 12.5% increase over the 2007 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 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, North Central region of Massachusetts and South Central New Hampshire. The company has fifteen full-service branch offices located in the Massachusetts cities and towns of Lowell, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Leominster, Methuen, Tewksbury, Westford and Salem, New Hampshire. The company is in the process of obtaining regulatory approvals to establish two new branches in Derry, New Hampshire and Acton, Massachusetts, and expects to open these offices for business in 2009.
