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Century Bank
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Put our proven success in
Government Banking to work for you.

Government Banking

Maximize efficiency and improve cash flow.

Century Bank is the premier provider of financial solutions for most cities and towns in Massachusetts and throughout New England. Let our experienced government Banking Specialists' help your operations maximize efficiency and improve cash flow.

Our experts have been helping communities like yours for over 45 years.


Municipal Deposits and Trust Services

Get your money to work for you faster.

Deposit Accounts

Century’s top-tier interest-bearing accounts for municipalities and government agencies:
  • Municipal Now - Manage all your transactional accounts—including daily collection and disbursement—while still earning interest on your available balances.
  • Municipal Regular and Premium Money Market - Earn a higher rate of interest on balances not used to fund your transactional accounts. You can access your funds anytime. There are no time restrictions on our Money Markets products.
  • Certificate of Deposits - Earn a guaranteed fixed rate of interest with a wide choice of fixed-time periods (e.g. 30 days - 1 year).

Municipal Trust Service

  • Monthly Consolidated Statement - Get easy access and streamlined activity reports for all your trust fund accounts.
  • Competitive Rates - Your trust accounts will earn a competitive rate of interest in your choice of six month or one year terms and you may add an unlimited number of sub-accounts at your convenience.
Best of all, there are no administration fees associated with these accounts.

Municipal Lockbox/Remittance Processing

Streamline Payment Processing and Improve Cash Flow

Fast. Easy. Convenient. Affordable.

Massachusetts and New England cities and towns rely on Century Bank’s lockbox solutions. Century’s government financial services advisors will show you how to streamline your remittances and improve your cash flow.
Century’s highly scalable, secure and reliable processing for real estate, excise, water/sewer, personal property, trash and consumer owned utility payments seamlessly integrate with your current revenue system.
  • Accelerate Payment Collections – Advanced technology makes the process faster and more effective than ever.
  • Increase Accuracy – Automated handling, image capture and encoding equipment eliminate manual processing and errors.
  • Access Working Capital Faster – Century’s state-of-the-art facilities accept payments around the clock to reduce mail float.
  • Improved Online Reporting – Daily information with images of payments, funds availability and remittance documents.
Peter Castiglia image
Peter Castiglia
Executive Vice President
(781) 393-4041
Anna Gorska image
Anna Gorska
Senior Vice President
(781) 393-4025

Linda Johns image
Linda Johns
Assistant Vice President
(781) 393-4128
Peggy Legrand image
Peggy Legrand
Account Administrator II
(781) 393-4138

Susan Delahunt image
Susan Delahunt
Senior Vice President
(781) 356-3408
John Lavallee
John Lavallee
Senior Consultant
(781) 393-4105
Krystal Koch image
Krystal Koch
Team Leader
(781) 393-4142