 Enterprise Bancorp, Inc. the Company EBTC, the holding company for Enterprise Bank and Trust Company the Bank, today announced the completion of its private placement with registration rights of 60.0 million in fixed-to-floating rate subordinated notes due 2030 the Notes. The Notes bear a fixed rate of 5.25 for the first five years and will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate, as published by the Federal Reserve Bank of New York, plus 517.5 basis points. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after July 15, 2025, or at any time, in whole but not in part, upon certain other specified events. 