Enterprise Bancorp, Inc. and Enterprise Bank and Trust Company Announce Executive Changes, Effective October 7, 2019
June 20, 2019 at 04:31 pm EDT
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On June 18, 2019, James A. Marcotte, Executive Vice President, Chief Financial Officer and Treasurer of Enterprise Bancorp, Inc. and its wholly-owned subsidiary, Enterprise Bank and Trust Company, informed the Board of Directors of the Company of his decision to retire from his current role as Executive Vice President, Chief Financial Officer and Treasurer of the Company and all other positions he currently holds at the Bank and any of its affiliates, effective October 7, 2019. After October 7, 2019 Mr. Marcotte will continue to serve part-time as a senior advisor for a period of time to ensure the successful transition of responsibilities. Mr. Marcotte has served as Chief Financial Officer of the Company and the Bank since he joined the organization in 2003. Upon receiving notice of Mr. Marcotte's upcoming retirement, the Boards of Directors of the Company and the Bank appointed Mr. Joseph R. Lussier as Executive Vice President, Chief Financial Officer and Treasurer of the Company and the Bank, effective October 7, 2019. With more than 25 years of experience in community banking and
accounting, Mr. Lussier brings considerable expertise and institutional knowledge to his new role. Mr. Lussier, age 49, began his service with the Bank in 1999 and currently serves as the Director of Finance for the Bank since March 2017.
Enterprise Bancorp, Inc. operates as the parent holding company of Enterprise Bank and Trust Company (the Bank). The Company is primarily engaged in the business of gathering deposits from the general public and investing primarily in loans and investment securities. It offers a range of commercial, residential and consumer loan products, deposit products and cash management services, as well as wealth management and wealth services. The Bank also offers various digital banking capabilities through online and mobile platforms. It specializes in lending to business entities, non-profit organizations, professional practices, and individuals. Its lending products include commercial real estate, commercial and industrial, and commercial construction loans; residential loans; home equity loans and lines of credit; consumer loans; and credit risk and allowance for credit losses. Its commercial real estate loans include loans secured by both owner and non-owner-occupied real estate.