Enterprise Bancorp in Lowell, Mass., has purchased the site of a former hotel that recently burned to the ground and plans to put a new branch there.
The $2.3 billion-asset Enterprise paid $585,000 for a lot in Leominster, Mass., where the former Columbia Hotel stood. The acquisition also included two adjoining properties.
Enterprise Bank & Trust has outgrown its current Leominster branch and it plans to build a larger facility at the hotel site, said Matt Coggins, an Enterprise spokesman.
-
Enterprise Bancorp in Lowell, Mass., has named James Conway vice chairman and lead director.
August 12 -
Independent Bank Corp. in Rockland, Mass., has agreed to buy New England Bancorp in Hyannis, Mass., the parent of Bank of Cape Cod, for $30.7 million.
March 17 -
A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.
March 17
The Columbia Hotel building was destroyed by a six-alarm fire in November 2012. The three-story building had housed 20 apartments, 10 business units and a pizza restaurant, according to the
Enterprise has 22 branches in Massachusetts and New Hampshire.
