Enterprise Bank (MA)

Overview / Commentary
222 Merrimack Street
Lowell, MA 01852

Enterprise Bank (MA) is headquartered in Lowell and is the 15th largest bank in the state of Massachusetts. It is also the 309th largest bank in the nation. It was established in 1989 and as of December of 2019, it had grown to 538 employees at 24 locations. Enterprise Bank (MA) has an A health rating.

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Reviews (1)

Very Disappointing

Posted by: |

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.


Health Grade Components

FDIC Certificate #27408
Year Established1989
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD11.98%
Annual Interest Income$137.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$3.24B$2.96B
LoansQ4 2019vs Q4 2018$2.53B$2.35B
DepositsQ4 2019vs Q4 2018$2.79B$2.56B
Equity CapitalQ4 2019vs Q4 2018$311.0MM$269.9MM
Loan Loss AllowanceQ4 2019vs Q4 2018$33.6MM$33.8MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$14.6MM$11.6MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Enterprise Bank (MA) Savings Account Rates

0.02%$1-IRA Savings
0.02%$250-Silver Savings
0.02%$250-Retail Statement Savings
0.02%--Enterprise Student Savings

Enterprise Bank (MA) Money Market Rates

0.45%*$1m*-Emerald Money Market - Bonus Rate
OTHER TIERS: 0.02% Up to $10k | 0.05% $10k - $25k | 0.20% $25k - $100k | 0.30% $100k - $500k | 0.35% $500k - $1m
0.20%*$2m*-Premier Business Money Market
OTHER TIERS: 0.02% $1 - $25k | 0.05% $25k - $100k | 0.10% $100k - $500k | 0.15% $500k - $2m
0.20%*$1m*-Gold Money Market
OTHER TIERS: 0.02% $1 - $10k | 0.05% $10k - $100k | 0.10% $100k - $500k | 0.15% $500k - $1m
0.20%*$1m*-Emerald Money Market
OTHER TIERS: 0.02% $1 - $10k | 0.05% $10k - $100k | 0.10% $100k - $500k | 0.15% $500k - $1m
0.10%*$500k*-Silver Money Market
OTHER TIERS: 0.02% $1 - $25k | 0.05% $25k - $500k

Enterprise Bank (MA) Checking Account Rates

0.02%$5k-Emerald Checking
0.02%$750-Gold Checking
0.02%$750-Silver Interest 22/55 Checking
0.02%--Military Checking
0.02%$750-Interest Checking
0.02%$750-Silver Rewards 22/55 Checking

Enterprise Bank (MA) CD Rates

0.60%$500-18 Month CD
0.60%$500-24 Month CD
0.60%$500-Business 18 Month CD
0.60%$500-Business 24 Month CD
0.60%$500-Business 30 Month CD
0.60%$500-30 Month CD
0.60%$500-36 Month CD
0.60%$500-48 Month CD
0.60%$500-Business 36 Month CD
0.60%$500-Business 48 Month CD
0.60%$500-Business 60 Month CD
0.60%$500-Business 72 Month CD
0.60%$500-60 Month CD
0.60%$500-72 Month CD
0.50%$500-12 Month CD
0.50%$500-Business 12 Month CD
0.40%$2.5k-9 Month CD
0.35%$2.5k-6 Month CD
0.35%$2.5k-Business 6 Month CD
0.10%$2.5k-3 Month CD
0.10%$2.5k-Business 3 Month CD

Enterprise Bank (MA) IRA Rates

0.60%$500-18 Month IRA
0.60%$500-24 Month IRA
0.60%$500-30 Month IRA
0.60%$500-36 Month IRA
0.60%$500-48 Month IRA
0.60%$500-60 Month IRA
0.60%$500-72 Month IRA
0.50%$500-12 Month IRA
0.40%$2.5k-9 Month IRA
0.35%$2.5k-6 Month IRA
0.10%$2.5k-3 Month IRA


Boston Area

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