- CEO John "Jack" P. Clancy to retire after distinguished 35-year career, with Enterprise, including more than 17 years as CEO
- Enterprise Chief Banking Officer, Steven R. Larochelle, named CEO
LOWELL, Mass., June 07, 2024 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (NASDAQ:EBTC) and Enterprise Bank today announced the retirement of Chief Executive Officer John "Jack" P. Clancy Jr., a position he has held since 2007. Mr. Clancy, named an honorary director of the company by its Board of Directors, will serve as an executive advisor. Succeeding him as CEO is Steven R. Larochelle, Chief Banking Officer of Enterprise Bank.
Mr. Clancy has served Enterprise Bank since its founding in 1989, starting as the chief financial officer where he was instrumental in the successful launch of the Bank. During Mr. Clancy's 17-year tenure as CEO, Enterprise Bank has grown from 14 branches to 27, while total bank assets grew from $980 million in 2006 to $4.6 billion as of March 2024. In his role as an Executive Advisor, Mr. Clancy will assist with the CEO transition.
"Jack has been the backbone of the Enterprise family for 35 years and mere words cannot express how much we appreciate his dedicated service. He is highly respected within the Bank, our community, ...