| 1960 |
|
1969 |
Founded by
Marshall M.
Sloane May
1,1969 in
Somerville,
MA
Record first
day of deposits
- $1.1 million
Total first
year-end assets
- $17 million
Year end net
income - $32,177 |
|
1970 |
|
1972 |
Century Bancorp,
Inc. formed |
|
1973 |
North Shore
Bank &
Banking Company
acquired |
|
1975 |
First of 29
years of uninterrupted
dividends
paid |
|
1979 |
Bank passes
$100 million
in assets |
|
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to Top
1980 |
|
1981 |
Automated
lockbox service
introduced |
|
1982 |
Acquired Bank
of Massachusetts |
|
1983 |
Acquired property
in Medford,
MA for future
site of operations
center |
|
1985 |
Acquired Massachusetts
Teachers Association
Credit Union |
|
1986 |
Acquired Social
Service and
St. Michael’s
Credit Unions |
|
1987 |
Initial Public
Offering resulted
in $10.5 million
in new capital
under NASDAQ
symbol CNBKA |
|
1988 |
Bank passes
$500 million
in assets |
|
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to Top
1990 |
|
1993 |
Wollaston
Credit Union
acquired |
|
1998 |
$29.75 million
raised through
a preferred
security offering
under NASDQ
symbol CNBKP
Haymarket
Cooperative
Bank purchased |
|
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to Top
2000 |
|
2000 |
Topped $1
billion in
assets |
|
2001 |
Headcount
exceeds 400
Worcester
processing
center opened
Opened branches
in Newton
and Brookline
Ranked #7
among the
state’s
top billion
dollar banks
in The
Boston Globe
 |
|
2002 |
Opened Federal
Street branch
in Boston’s
financial
district,
bringing branch
total to 19 |
| 2003 |
Acquired
Capital Crossing’s
Chestnut Hill
branch office
and its retail
deposits in
downtown Boston
Grew to 21
branch locations
with the addition
of offices
at The Hotel
Commonwealth
in Kenmore
Square and
the Sherman
Union at Boston
University
Broke ground
on new five-story
headquarters
on Interstate
93 in Medford
|
| 2004 |
Opened branch
at Boston
University
Medical Center
Assets exceed
$1.7 billion
|
| 2005 |
Completed & occupied Headquarters building
Barry R. Sloane and Jonathan G. Sloane are elected Co-Presidents & Co-CEOs of Century Bank & Co-Presidents & Co-COOs of Century Bancorp
Fiduciary Services business unit created
Community Newspaper Company's 2005 Readers Choice Award to the Malden and Medford branches
Opened 23rd branch on State Street in Boston
Worcester commercial lending center opened
|
| 2006 |
Investment Services at Century Bank debuts
Marshall Sloane announces intention to elevate Barry and Jonathan to Co-CEOs of Century Bancorp
Fiduciary Services acquires first trust mandates
Century Bancorp, Inc. elects Barry and Jonathan Sloane as Co-CEOs
Commended by the Federal Housing Board for a “demonstrated commitment to community investment and service.”
|
| 2007 |
January 31, 2007 proclaimed “Century Bank Energy-Efficiency Day” by Medford Mayor.
Honored for the Bank's commitment to improving and protecting the environment by Osram Sylvania and NationalGrid.
Recognized by the Small Business Administration as Outstanding Leader
Enhanced customer convenience with additional ATMs at Cambridgeside Galleria.
|
| 2008 |
Opened branch in Fellsway Plaza on the Medford/Malden line.
Opened branch in The Sloane Building at One Salem Street in Medford Square. |
