Eastern Bank and Century Bank Merger Customer Information
Eastern Bankshares, Inc. and Century Bancorp, Inc. have entered into a definitive agreement to merge.
What this means for Century Bank customers
Nothing is changing for Century Bank customers at this time. We remain committed to maintaining our high level of service. Our branch, ATM, Online and Mobile Banking options are available without interruption.
In the coming months, Century Bank customers will receive information detailing how to prepare for the transition to Eastern Bank. We’ll update this page as more information becomes available.
We sincerely thank all our customers for being part of our family for more than 50 years. Rest assured, your banking will be in good hands with Eastern Bank.
THE COMMONWEALTH OF MASSACHUSETTS
Division of Banks
Division of Banks
EASTERN BANK, Boston, Massachusetts has petitioned the Commissioner of Banks for approval to merge with CENTURY BANK AND TRUST COMPANY (CENTURY), Medford, Massachusetts in a multi-step transaction. Under the terms of an Agreement and Plan of Merger, CENTURY will merge with and into EASTERN BANK under the charter, bylaws, and name of EASTERN BANK. This multi-step transaction also includes the merger of CENTURY BANCORP, INC., the holding company for CENTURY, with and into EASTERN BANKSHARES, INC., the holding company for EASTERN BANK. The main office of EASTERN BANK would remain the main office of the continuing institution. As part of this transaction, EASTERN BANK indicates that it will likely further petition the Division for approval to close some branch offices of the continuing institution, but specific EASTERN BANK and CENTURY branch locations have not yet been identified for closing.
Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118-6400 or via electronic mail to firstname.lastname@example.org no later than July 14, 2021. A public hearing may be held if the response is considered significant or circumstances warrant such a hearing, as determined by the Commissioner. The application and all communications relative to this application are available from the Division by request at email@example.com.
MARY L. GALLAGHER
Commissioner of Banks