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Fortigent Welcomes Enterprise Bank
January 12, 2009
Fortigent, LLC, a leading provider of outsourced wealth management solutions for financial advisors and institutions targeting ultra high net worth clients, today announced that it has been retained by Enterprise Bank of Lowell, Massachusetts. In the midst of worldwide financial uncertainty, Enterprise, which posted its seventy-sixth consecutive profitable quarter last month and increased total assets by 7.5% this past year, has recently attributed its strong financial stability to its concentration on –and commitment to--traditional lending and banking practices.

“During this difficult economic situation our country is facing, investors are looking for stable financial institutions that they can trust,” says Louis J. Beaulieu, ChFC, Senior Vice President and Managing Director of The Investment Advisory Group at Enterprise. “Because our role as a trusted financial advisor is more important today than ever before, we feel that our partnership with Fortigent is especially timely in sending the strong message that we are committed to serving the needs of our individual and institutional investors, and that we will protect and grow their assets with forethought, security and care.

“Fortigent and Enterprise share the same basic philosophies about investing and serving clients, and we look forward to assisting Enterprise with choosing investment opportunities that will benefit their clientele, says Scott Welch, Senior Managing Director of Investment Research and Strategy at Fortigent. “We believe that our investment management research, portfolio construction, manager due diligence and investment vehicle options for their target clientele will integrate well with Enterprise’s existing array of services.’

“The combination of Fortigent’s sophisticated and disciplined investment offering, combined with the Enterprise’s legacy of local trusted advice, will be formidable in the marketplace,” says Fortigent Managing Director John Yackel. “As investors increasingly evaluate their portfolios during these turbulent economic times, we feel that our partnership represents a significant opportunity for helping Enterprise to assist its investors in achieving their long-term goals.”

About Fortigent: Fortigent, LLC delivers a fully integrated and customizable business-to-business outsourced wealth management solution to banks, trust companies, and independent advisory firms. Services include an “open architecture” investment platform with particular expertise in alternative investments, a flexible unified managed account program, and consolidated wealth reporting. Fortigent’s web-based portal interface allows access to proposal and rebalancing tools, client portfolio reporting and accounting, as well as industry articles, research papers, and other practice management and business development resources. Visit www.fortigent.com.

About Enterprise Bank. Enterprise Bank is a full -service commercial bank, headquartered in Lowell Massachusetts with Massachusetts branch locations in Lowell, Andover, Billerica, Chelsmford, Fitchburg, Leominster, Methuen, Tewksbury, Westford and also in Salem New Hampshire. The bank plans to open in early 2009 in Acton Massachusetts and in Derry New Hampshire later in the year. As of 9/30/08 Enterprise posted its seventy-sixth consecutive profitable quarter, with consistent loan growth highlighting the period. Total assets were $1.137billion; Total loans were $908.8 million; Investment assets under management were reported at $516.5 million and total assets under management amounted to $1.674 billion. Enterprise Bank is listed on the NASDAQ Global Market under the stock symbol "EBTC". For further information, log on to EnterpriseBanking.com. < previous page