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Monday, June 30, 2025

Equity Corporate Actions Alert #2025 - 343
Information Regarding the Merger of Enterprise Bancorp, Inc. (EBTC)

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  • Industry Announcement

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At a special meeting held on April 3, 2025, the shareholders of Enterprise Bancorp, Inc. (EBTC) approved the proposed merger with and into Independent Bank Corp. (INDB). The merger is tentatively scheduled to close prior to the market open on July 1, 2025. In anticipation of the closing, the stock will be halted immediately following the after-hours session at or around 7:50 p.m. on June 30, 2025. If the merger closes as anticipated, the stock will remain halted on the day of closing (July 1st) and will be suspended effective July 2, 2025. The details are as follows:

Company Name/Issue: Enterprise Bancorp Inc Common Stock
CUSIP#: 293668109
Symbol: EBTC
Anticipated Last Trading Date: June 30, 2025
Anticipated Marketplace Effective Date for Suspension: July 2, 2025
Merger Consideration: 0.60 of a share of Independent Bank Corp. Common Stock (INDB) and $2.00 in cash for each share held. Cash will be paid in lieu of fractional shares of Independent Bank Corp. Common Stock.

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