Enterprise Bancorp : Q1 2025 Quarterly Shareholder Statement
EBTC
Published on 05/07/2025 at 04:13
Dear Shareholder,
Happy spring! We hope you and your families are doing well and are able to enjoy the sunshine and warmer temperatures of the latest change of season. We are pleased to share our unaudited
financial statements for the three months ending March 31, 2025, as well as important updates and recent developments.
Our 2025 Annual Shareholders' Meeting will be held on Tuesday, May 6, 2025, at 9:00 a.m. and will be held solely by means of remote communication.
You may remotely participate in the Annual Meeting in one of two ways:
In order to view the presentation: log onto https://www.meetnow.global/MCUV9VN
Listen only: call 1-800-715-9871 with conference ID: 6701415
Shareholders will only be able to vote and ask questions by logging onto the Annual Meeting virtual platform with your control number. Shareholders should call in or log onto the virtual platform prior to the start of the meeting.
Proxy Cards and the 2024 Annual Report were sent to shareholders in advance of the meeting. Please complete the Proxy Card by voting via the internet, by telephone, or by mail. If you wish to vote by internet or by telephone, please follow the instructions detailed on the Proxy Card.
Enterprise Bankers volunteered at the Belle of the Ball Boutique Day at the Hynes Convention Center in Boston.
Enterprise Bank once again joined Anton's Cleaners and Jordan's Furniture as a corporate partner and sponsor for the annual Belle of the Ball prom dress collection program. Collection boxes placed in all 27 Enterprise Bank branch locations during February and March resulted in nearly 400 gowns collected this year. The gowns are professionally cleaned by Anton's Cleaners and distributed on Boutique Day at no charge to high school junior and senior girls from 200 participating schools in MA and NH. In the weeks leading up
to the event, Bank volunteers unboxed
and organized shoes and went to the Hynes Convention Center the day before the event to set up and organize displays of thousands of gowns in all sizes, colors, and styles, plus shoes, purses, and accessories. On Boutique Day, our 45 Enterprise Bankers were amongst the 750 volunteers who helped make the day a stellar success for 1,800 local girls.
In response to increased competitive activity from regional and national banks in our core markets, we launched targeted radio and TV ads with a commercial lending message and featuring Enterprise Bank lenders with their customers. By showcasing the continuity of our commercial banking team and emphasizing our lending ability, the campaign affirms our continued commitment to growth, stability, and client service. TV ads will air on WMUR (NH) and WCVB and WHDH (MA)
and radio ads will run on WBZ AM and WKPZ AM from March 17 through May 30. A complementary social media campaign featuring branch and lending team members will support the TV and radio ads and reinforce key relationships and help maintain confidence and connection with our audiences during this time of transition.
Coinciding with tax planning season, from January until the April 15 tax filing deadline, we have been promoting IRA CDs through branch digital screens, digital ads, and social media sponsored posts. Graphics featured the
themes of New Year's resolutions (January), love (February), and income tax filing (March).
As we navigate this new period of change, we would like to express our deep gratitude for your support of our Enterprise over the years. From the beginning, we set out to build something truly special: a Bank that put people and relationships first. Our success in realizing that vision, and the impact we've had on our local economies, would not have been possible without the customers who chose us, the communities that supported us, and the shareholders who bought into our mission, values, and purpose-thank you for everything these past 36 years. As we enter this next chapter, we will carry with us all that made Enterprise Bank special and continue embracing the core values that have guided our journey.
As always, if we can be of assistance to you, please do not hesitate to contact us.
We thank you for your continued support of Enterprise Bank.
George L. Duncan Chairman
Steven R. Larochelle CEO
Richard W. Main President
Disclaimer
Enterprise Bancorp Inc. published this content on May 06, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2025 at 07:48 UTC.