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.