<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>3
<FILENAME>ex_21.txt
<DESCRIPTION>EXHIBIT 21
<TEXT>
                                            Subsidiaries of Registrant


<TABLE>
<CAPTION>
                    Subsidiary                           State of Jurisdiction               Business Name
                    ----------                           ---------------------               -------------

<S>                                                         <C>                                  <C>
Enterprise Bank and Trust Company*                             Massachusetts                      same

   Enterprise Realty Trust, Inc.**                             Massachusetts                      same

   Enterprise Investment Services LLC**                        Delaware                Enterprise Investment Services

   Enterprise Insurance Services LLC**                         Delaware                Enterprise Insurance Services

Enterprise (MA) Capital Trust I*                               Delaware                            same
</TABLE>


*   Direct subsidiary of Enterprise Bancorp, Inc.
**  Direct subsidiary of Enterprise Bank and Trust Company


</TEXT>
</DOCUMENT>