Enterprise Bancorp is the holding company for Enterprise Bank, a community commercial bank headquartered in Lowell, Massachusetts. Enterprise Bank operates 27 full-service branches across northern Massachusetts and southern New Hampshire, serving local businesses, non-profit organizations, professional practices, and individuals. The bank's core business is commercial banking — gathering deposits and deploying those funds primarily into commercial loans, including commercial real estate (CRE), commercial and industrial (C&I), and construction loans. Retail lending (residential mortgages, HELOCs, and personal loans) is a secondary focus. Enterprise Bank sells directly through its branch network, a commercial lending sales force, and digital channels, emphasizing relationship banking and local decision-making. Enterprise Bank makes money primarily through net interest income — the spread between interest earned on loans and investments and interest paid on deposits. Low-cost core deposits, particularly checking accounts, are central to the bank's funding strategy. Wealth management services, offered through Enterprise Wealth Management and a third-party brokerage arrangement, provide fee-based revenue as a secondary income source. In December 2024, Enterprise Bancorp entered into a merger agreement with Independent Bank Corp, parent of Rockland Trust, under which Enterprise shareholders will receive 0.60 shares of Independent common stock plus $2.00 in cash per share. Upon closing, expected in the second half of 2025, Enterprise Bank will merge into Rockland Trust.