Enterprise Bank Announces CEO Retirement and Successor Appointment
07 6월 2024 - 10:00PM
Enterprise Bancorp, Inc. (NASDAQ: EBTC) and Enterprise Bank today
announced the retirement of Chief Executive Officer John “Jack” P.
Clancy Jr., a position he has held since 2007. Mr. Clancy, named an
honorary director of the company by its Board of Directors, will
serve as an executive advisor. Succeeding him as CEO is Steven R.
Larochelle, Chief Banking Officer of Enterprise Bank.
Mr. Clancy has served Enterprise Bank since its founding in
1989, starting as the chief financial officer where he was
instrumental in the successful launch of the Bank. During Mr.
Clancy’s 17-year tenure as CEO, Enterprise Bank has grown from 14
branches to 27, while total bank assets grew from $980 million in
2006 to $4.6 billion as of March 2024. In his role as an Executive
Advisor, Mr. Clancy will assist with the CEO transition.
“Jack has been the backbone of the Enterprise family for 35
years and mere words cannot express how much we appreciate his
dedicated service. He is highly respected within the Bank, our
community, and the banking industry in New England. It’s to Jack’s
credit that Enterprise Bank was named one of the best places to
work for 12 consecutive years under his leadership. Jack has more
than earned retirement and time with his family, but we appreciate
that he has agreed to ease the transition to a new CEO leadership
by offering his advice and counsel,” said George L. Duncan,
Executive Chairman of the Board and Founder of Enterprise Bank.
A 40-year veteran of the banking industry, Mr. Larochelle has
been with Enterprise for over 27 years, most recently as Chief
Banking Officer. During his tenure with Enterprise, Mr. Larochelle
has handled a wide range of responsibilities for the bank in the
areas of commercial lending, cash management, wealth management,
mortgage services and branch operations. Mr. Larochelle is a great
champion of the Enterprise Bank culture, which takes pride in its
strong relationships with its customers and communities. Mr.
Larochelle has been deeply committed to the communities served by
Enterprise Bank. He currently serves as the Chairman of the Board
of Directors for D’Youville Life & Wellness Community.
Chairman George L. Duncan added, “We have developed a deep,
talented leadership team and have worked hard to ensure succession
across the organization to plan for leadership members’
retirements. It is our pleasure to appoint Steven Larochelle as
CEO. He steps into the role with a wealth of experience. He has
earned the respect and admiration of his Enterprise colleagues and
banking peers. He is the right person to lead us forward.”
“I am honored and grateful to the Board of Directors to be
afforded this opportunity to serve and am committed to a smooth
transition for our team members, customers, community partners and
shareholders,” said Larochelle.
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, and has
reported 138 consecutive profitable quarters. Enterprise Bank is
principally engaged in the business of attracting deposits from the
general public and investing in commercial loans and investment
securities. Through Enterprise Bank and its subsidiaries, 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. The Company's headquarters and Enterprise Bank's
main office are located at 222 Merrimack Street in Lowell,
Massachusetts. The Company's primary market area is the Northern
Middlesex, Northern Essex, and Northern Worcester counties of
Massachusetts and the Southern Hillsborough and Southern Rockingham
counties in New Hampshire. Enterprise Bank has 27 full-service
branches located in the Massachusetts communities of Acton,
Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg,
Lawrence, Leominster, Lexington, Lowell (2), Methuen, North
Andover, Tewksbury (2), Tyngsborough and Westford and in the New
Hampshire communities of Derry, Hudson, Londonderry, Nashua (2),
Pelham, Salem, and Windham.
Contact Information: Matthew Coggins, Chief Marketing &
Communications Officer. Matthew.Coggins@ebtc.com
Enterprise Bancorp (NASDAQ:EBTC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Enterprise Bancorp (NASDAQ:EBTC)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024