Century Bancorp, Inc. operates as the holding company for Century Bank and
Trust Company, which provides banking services to commercial enterprises, state
and local governments and agencies, nonprofit organizations, and individuals in
Massachusetts. It accepts savings accounts, Now accounts, demand deposits, time
deposits, and money market accounts. The company's loan portfolio comprises single
and multi-family residential loans, commercial and industrial loans, commercial
real estate loans, construction loans, Home equity loans, and consumer loans. It
also offers automated lockbox collection, cash management, and account reconciliation
services to its corporate and institutional customers, as well as promotes the marketing
of these services to the municipal market. In addition, the company offers securities
brokerage services; and financial services, including transaction processing and
short-term financing to municipalities. Century Bancorp operated 27 banking offices in 19 cities and towns in Massachusetts. The company
was founded in 1969 and is headquartered in Medford, Massachusetts.