Effective May 6, 2014, in accordance with authority provided under the By-Laws of Enterprise Bancorp, Inc. and of its wholly owned subsidiary, Enterprise Bank and Trust Company (the Bank"), Mary Jane King and Luis M. Pedroso accepted their appointment by a vote adopted jointly by the Board of Directors of both entities and became a member of the Board of Directors of both the Company and the Bank. Ms. King and Mr. Pedroso were elected to the classes of directors whose term expires in 2015 and 2016, respectively. Ms. King, a lifelong resident of Nashua, NH, currently serves as the President of the Conway Management Company.

Mr. Pedroso, a Portuguese immigrant, is Co-Founder, President and CEO of Accutronics, Inc. and the prior Founder, President and CEO of Qualitronics, Inc.