Enterprise Bank and 1st United Bank Have Become One!
A few months ago, the Enterprise Bancorp, Inc. Board of Directors signed an agreement with 1st United Bancorp to merge Enterprise Bank with 1st United Bank. 1st United Bank received the required regulatory approvals and the shareholders of Enterprise approved the proposed transaction. Effective July 1, 2013, Enterprise Bank merged into 1st United Bank. With the merger of Enterprise Bank, 1st United Bank is approximately $1.5 billion in assets, with one of the largest and strongest capital bases among banks headquartered in Florida.
The integration of our systems will occur in two phases; the loan system integration will be completed in July 2013, and the remaining systems will be completed in September 2013. The name on the existing Enterprise Banking Centers and any correspondence related to your deposit accounts will continue in the name of Enterprise Bank until September 2013. We would like to assure you that your accounts are safe, secure, and completely accessible, and your combined FDIC coverage is at least $250,000 under the FDIC’s general coverage rules. For more information about FDIC coverage of deposit accounts, visit www.FDIC.gov.
You will continue to receive the same great service from the staff that has served you in the past. All Enterprise Bank branches will maintain the current business hours. Internet banking services are available as usual, through the Enterprise website. You may continue to use your existing checks and Debit Card. If you have direct deposits or other automated transactions set up, they will continue without interruption.
In the next few months, you will be hearing more about 1st United Bank and the additional locations, products, and services available to you. For information specific to your accounts with Enterprise Bank, please speak with your branch representative at Enterprise Bank.
Our goal is simple. We are driven by a commitment to excellence to be 1st in customer service. At 1st United Bank, you, our valued customer, are our focus. We look forward to continuing to serve your banking needs.
