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Enterprise Bank (MA)


Overview / Commentary
www.enterprisebanking.com
978-459-9000
222 Merrimack Street
Lowell, MA 01852

Enterprise Bank (MA) is headquartered in Lowell and is the 14th largest bank in the state of Massachusetts. It is also the 292nd largest bank in the nation. It was established in 1989 and as of December of 2020, it had grown to 527 employees at 25 locations. Enterprise Bank (MA) has an A health rating.

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Reviews (2)

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.

1

Would Not Recommend

Posted by: |

Enterprise Banks online system is horrible, it's completely outdated compared to most other banks.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.

1


Health
A

Data as of Q4 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #27408
Year Established1989
Employees527
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD9.47%
Annual Interest Income$145.2MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$4.01B$3.24B
LoansQ4 2020vs Q4 2019$3.03B$2.53B
DepositsQ4 2020vs Q4 2019$3.55B$2.79B
Equity CapitalQ4 2020vs Q4 2019$406.0MM$311.0MM
Loan Loss AllowanceQ4 2020vs Q4 2019$44.6MM$33.6MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$37.9MM$14.6MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Enterprise Bank (MA); we are a rate comparison website and cannot provide official rates or promotions.

* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$1-IRA Savings
0.01%$250-Silver Savings
0.01%$250-Retail Statement Savings
0.01%--Enterprise Student Savings

Enterprise Bank (MA) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$1m*-Emerald Money Market - Bonus Rate
OTHER TIERS: 0.01% → Up to $100k | 0.10% → $100k - $500k | 0.15% → $500k - $1m
0.10%*$2m*-Premier Business Money Market
OTHER TIERS: 0.01% → $1 - $100k | 0.05% → $100k - $2m
0.10%*$1m*-Gold Money Market
OTHER TIERS: 0.01% → $1 - $100k | 0.05% → $100k - $1m
0.10%*$1m*-Emerald Money Market
OTHER TIERS: 0.01% → $1 - $100k | 0.05% → $100k - $1m
0.05%*$100k*-Silver Money Market
OTHER TIERS: 0.01% → $1 - $100k

Enterprise Bank (MA) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

Enterprise Bank (MA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-48 Month CD
0.45%$500-24 Month CD
0.45%$500-Business 24 Month CD
0.45%$500-Business 30 Month CD
0.45%$500-30 Month CD
0.45%$500-36 Month CD
0.45%$500-Business 36 Month CD
0.45%$500-Business 48 Month CD
0.45%$500-Business 60 Month CD
0.45%$500-Business 72 Month CD
0.45%$500-60 Month CD
0.45%$500-72 Month CD
0.35%$500-18 Month CD
0.35%$500-Business 18 Month CD
0.30%$500-12 Month CD
0.30%$500-Business 12 Month CD
0.15%$2.5k-6 Month CD
0.15%$2.5k-Business 6 Month CD
0.15%$2.5k-9 Month CD
0.05%$2.5k-3 Month CD
0.05%$2.5k-Business 3 Month CD

Enterprise Bank (MA) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-48 Month IRA
0.45%$500-24 Month IRA
0.45%$500-30 Month IRA
0.45%$500-36 Month IRA
0.45%$500-60 Month IRA
0.45%$500-72 Month IRA
0.35%$500-18 Month IRA
0.30%$500-12 Month IRA
0.15%$2.5k-6 Month IRA
0.15%$2.5k-9 Month IRA
0.05%$2.5k-3 Month IRA
Locations

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