CEO Jack Clancy Announces Plans to Open Enterprise Bank's 18th Branch Office in Hudson, NH

HUDSON, NH (03/17/2011)(readMedia)-- CEO Jack Clancy recently announced that Enterprise Bank will further expand into Southern New Hampshire with the establishment of a Hudson, NH bank branch location at 45 Lowell Road in Hudson, NH. The site of a former Bank of America branch office, Enterprise Bank will soon begin renovations to the existing facility that will provide increased efficiency, customer convenience and technological enhancements to the location.

Enterprise is currently in the process of pursuing all regulatory approvals and according to CEO Clancy, "The bank looks forward to warmly welcoming customers in Hudson in late 2010."

Established in 1989 and headquartered in Lowell, MA, Enterprise operates full-service branch banking offices in the Merrimack Valley, North Central Massachusetts and Southern New Hampshire. Enterprise Bank entered in the New Hampshire bank market in 2004 in Salem, and later opened a temporary office in Derry in 2009. Shortly after opening at 60 Crystal Ave. in Derry, the bank broke ground (new construction) at 47 Crystal Ave. for a new full-service banking office, which is expected to open in June 2010.

CEO Clancy commented that "Enterprise Bank has a growing customer base of professionals, business owners, non-profits and individuals living and working in Southern New Hampshire. This third Southern New Hampshire bank location provides added convenience and accessibility to customers as the bank continues its expansion plans. Over the past seven years, Enterprise has assembled a talented and skilled team of banking professionals, commercial lenders and investment advisors in New Hampshire to provide Enterprise Bank's signature 5-star service to all customers. The Hudson office will add additional convenience as New Hampshire customers may now do business in either Salem, Derry or Hudson."

According to Mr. Clancy, "At Enterprise Bank, we pride ourselves in taking an active role in our communities. We believe that business acumen and community consciousness must go hand in hand. We appreciate that many Hudson families and businesses have roots in the Merrimack Valley area, and we look to expanding many existing relationships and establishing many new ones."

A strong, responsive and well-managed community bank, Enterprise Bank has been recognized as a leader in the financial services industry. In 2009, Enterprise Bank was honored to receive the Corporate Philanthropy Award from Boston Business Journal recognizing Enterprise as the #1 business in the region for employee volunteer hours in the community. The bank was also recognized for the second consecutive year as one of the Boston Globe's 100 Top Places to Work.

Enterprise Bank has 17 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 Salem, New Hampshire. Enterprise has a temporary full-service branch in Derry, NH, and anticipates that it will open its permanent office at 47 Crystal Ave., Derry in June 2010. As of 3/31/10, assets were posted at $1.366 billion. Total assets, investment assets under management and mortgage loans serviced totaled $1.874 billion.

Enterprise Bank and Trust Company is listed on the NASDAQ Global Market under the stock symbol "EBTC". For further information on Enterprise Bank, log on to our web site at EnterpriseBanking.com.