Enterprise Bank (MA) is headquartered in Lowell and is the 13th largest bank in the state of Massachusetts. It is also the 288th largest bank in the nation. It was established in 1989 and as of June of 2022, it had grown to 590 employees at 27 locations. Enterprise Bank (MA)'s CD rates are 67% higher than the national average, and it has an A health rating.
Very disappointing bank because they are way behind with the online banking. Very difficult bank to work with online banking. Must go thru many hoops and whistles to sign up for something that is a must in today's modern world. I will say thier customer service was good and they are prompt to answer all questions and concerns courtesly. They seem very old school in that they push check writing and check deposit slips over ATM cards. I found this quite odd. Even with all this though I do recommend them because the staff is very friendly and will do thier best to answer all questions to help the custiomer. I just wish their was a much easier way to sign up for their online banking and ATM cards. This would be a plusd.
Enterprise Banks online system is horrible, it's completely outdated compared to most other banks. The apps constantly won't let you login due to server and maintenance issues and then lock you out of your accounts for too many attempts. I'll be changing banks for this reason.
Overall | |
---|---|
FDIC Certificate # | 27408 |
Year Established | 1989 |
Employees | 590 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.9% |
Return on Equity - YTD | 10.7% |
Annual Interest Income | $73.0MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q2 2022vs Q2 2021 | $4.42B$4.43B |
Loans | Q2 2022vs Q2 2021 | $3.03B$2.91B |
Deposits | Q2 2022vs Q2 2021 | $4.02B$3.97B |
Equity Capital | Q2 2022vs Q2 2021 | $343.8MM$399.1MM |
Loan Loss Allowance | Q2 2022vs Q2 2021 | $50.7MM$50.0MM |
Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $6.3MM$31.9MM |
Real Estate Owned | Q2 2022vs Q2 2021 | $0$2.4MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | $1 | - | IRA Savings | |
0.01% | $250 | - | Silver Savings | |
0.01% | $250 | - | 55 Plus Savings | |
0.01% | - | - | Enterprise Student Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | $5k | - | Emerald Checking | |
0.01% | $750 | - | Gold Checking | |
0.01% | $750 | - | Silver Interest 22/55 Checking | |
0.01% | - | - | Military Checking | |
0.01% | $750 | - | Interest Checking |