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Rockland Trust completes acquisition of Enterprise Bank and Trust Company

PRIVATEDec 09, 2024

Acquiring Company

Enterprise Bancorp

Acquired Company

Enterprise Financial Services

LowellClaytonFinancial ServicesBankingFinancial ServicesFinanceLendingBanking

Description

Independent Bank Corp., the parent company of Rockland Trust, has signed a definitive merger agreement with Enterprise Bancorp, Inc., the parent company of Enterprise Bank and Trust Company. The acquisition, valued at approximately $562 million, will expand Rockland Trust's footprint in northern Massachusetts and New Hampshire, bringing additional products, services, and technology to the communities it serves.

Quick answer

Enterprise Bancorp is acquiring Enterprise Financial Services, announced December 9, 2024. Enterprise Bancorp is based in Lowell, Massachusetts, United States.

How much did Enterprise Bancorp pay for Enterprise Financial Services?
The deal value was not disclosed.
What does Enterprise Bancorp do?
Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank.
Where are Enterprise Bancorp and Enterprise Financial Services based?
Enterprise Bancorp is based in Lowell, Massachusetts, United States. Enterprise Financial Services is based in Clayton, Missouri, United States.
Who are the decision-makers at Enterprise Bancorp?
Fundz holds 1 contact at Enterprise Bancorp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Enterprise Bancorp

Location

Lowell, Massachusetts, United States

About

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. The Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, as well as wealth management, and trust services.

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Frequently asked

Who acquired Enterprise Financial Services?

Enterprise Financial Services was acquired by Enterprise Bancorp, based in Lowell. The deal was reported on December 9, 2024. Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bancorp is privately held and operates in Financial Services.

When did Enterprise Bancorp acquire Enterprise Financial Services?

Enterprise Bancorp's acquisition of Enterprise Financial Services was reported on December 9, 2024. Independent Bank Corp., the parent company of Rockland Trust, has signed a definitive merger agreement with Enterprise Bancorp, Inc., the parent company of Enterprise Bank and Trust Company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Enterprise Financial Services do?

Enterprise Financial Services Corp is a financial services company primarily engaged in providing retail and commercial banking services to communities in the United States. It is publicly traded (EFSC), operating in Financial Services, and is based in Clayton.

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