The Bank Slate


Enterprise in Mass. selects insider as new CEO

Enterprise Bancorp in Lowell, Mass., has a new leader.

The $4.6 billion-asset company said in a press release that Steven Larochelle had become its CEO. Larochelle, who had been chief banking officer, succeeded Jack Clancy, who retired.

Clancy, who had been CEO since 2007, was named an honorary director and will serve as an executive advisor.

Clancy “has been the backbone of the Enterprise family for 35 years and mere words cannot express how much we appreciate his dedicated service,” George Duncan, the company’s executive chairman, said in the release.

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