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Century Bank
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Not-for-Profit Banking

The Not-for-Profit Group at Century Bank was developed with a focus on the challenges and requirements of public and private organizations like yours. As one of our clients, you can benefit from our industry expertise through a wide range of products and services:
  • Taxable and Tax-Exempt Direct Purchase Bonds
  • Revolving Lines of Credit
  • Bridge Loans
  • Fixed and Floating Rate Debt Options
  • Letters of Credit
Century Bank is a leading bank to the not-for-profit sector in New England. With a dedicated lending team working with not-for-profit institutions for more than 15 years, we are committed to meeting your needs. Our clients include:
  • Public and Private Colleges and Universities
  • Independent Schools
  • Museums and Cultural Institutions
  • Healthcare Institutions
  • Municipalities and Public Utilities
  • Charitable Organizations
  • Social Service Agencies
  • Churches and Religious Organizations
Through our various banking relationships, we have the capacity to provide:
  • Loan Syndications
  • Lockbox Services through our Cash Management Team


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Jerry Algere

Executive Vice President

(781) 393-5025

Email Jerry

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Merlen Schaepe
(781) 393-4089