Enterprise Bancorp, Inc. & Enterprise Bank and Trust Company Announces Board Changes
September 16, 2020 at 03:28 pm EDT
Share
On September 15, 2020, in accordance with authority provided under the By-Laws of Enterprise Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Enterprise Bank and Trust Company (the “Bank”), the Board of Directors of each of the Company and the Bank approved an increase in the size of their respective Boards of Directors from 18 to 20 and appointed Nickolas Stavropoulos and Anita R. Worden to fill the resulting vacancies created by such increase, effective immediately. Mr. Stavropoulos was appointed to serve in the 2022 class of directors and Ms. Worden was appointed to serve in the 2023 class of directors. Mr. Stavropoulos and Ms. Worden will serve until the 2022 and 2023 annual stockholders’ meetings, respectively. As of the date of this Current Report on Form 8-K (this “Form 8-K”), neither Mr. Stavropoulos nor Ms. Worden have been appointed to any committees of the Boards of Directors of the Company or the Bank, and neither the Company nor the Bank has yet identified any committees to which Mr. Stavropoulos or Ms. Worden are expected to be appointed. Mr. Stavropoulos previously served as President and Chief Operating Officer of San Francisco-based Pacific Gas and Electric Company (PG&E). Ms. Worden previously served as the Co-Founder, Chief Executive Officer and Director of Yaskawa Solectria Solar (formerly Solectria Renewables, LLC).
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.