Timeline


2015

Standard and Poor's gives Century Bank an "A" - the only Massachusetts regional bank to receive this exceptional honor.

2014

Recognized (again) as a National Sm-All Stars Top Performing Bank by Sandler O'Neill + Partners

Opened a new branch in Woburn, MA

Launched the all-new Century Bank Mobile App

2013

Recognized by KBW as one of four New England banks that are "Bastions of Growth"

Launched the all-new CenturyBank.com - online and mobile websites

Introduced new products such as Mobile Deposit

Opened a new branch in Chestnut Hill, MA

Catholic Charities honored Barbara and Marshall Sloane with the “Justice and Compassion Award” for their extensive philanthropic contributions including their support of social service organizations, nonprofit healthcare providers, and educational foundations throughout the community.

Recognized among top 100 best performing MA companies by the Boston Globe

2012

Opened a new branch in Andover, MA

Assets exceed $3 billion

Opened a new branch in Wellesley, MA

Free electric car charging stations installed at Medford headquarters

Recognized by KBW as one of five New England banks that are "Bellwethers of Growth"

Named among top 100 best performing MA companies by the Boston Globe

2011

Opened new branch in Newton Centre, MA

Named among top 100 best performing Ma companies by the Globe

Linda Sloane Kay appointed Executive Vice President

Recognized as one of the 2011 Bank & Thrift "Sm-All Stars" by Sandler O'Neill + Partners

Listed on the KBW Honor Roll of U.S. banking institutions

Named #1 Lender to Veterans by the U.S. Small Business Administration

Mobile Banking Introduced

2010

Recognized by 20% By 2020 Women on Boards

Marshall M. Sloane named Citizen of the Year by Medford Chamber

Barry R. Sloane appointed President & CEO

Opened a new branch in Coolidge Corner, Brookline

2009

40th Anniversary celebration May 1, 2009

CNBKA added to the Russell 3,000 Index

Branches achieve $1 Billion in deposits

Selected one of the 2009 Bank & Thrift "Sm-All Stars" by Sandler O'Neill + Partners

Corporate Member of the Year by the Northeast Public Power Association

Recognized as the "#1 Lender to Veterans" by the U.S. Small Business Administration

2008

Opened a new branch in Winchester, MA at 522 Main Street in Winchester Center.

Opened a new branch in Fellsway Plaza on the Medford/Malden line.

Opened a new branch in The Sloane Building at One Salem Street in Medford Square.

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 Lender

Enhanced customer convenience with additional ATMs at Cambridgeside Galleria.

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.”

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

2004

Opened branch at Boston University Medical Center

Assets exceed $1.7 billion

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

2002

Opened Federal Street branch in Boston’s financial district, bringing branch total to 19

2001

Headcount exceeds 400

Worcester processing center opened

Opened new branches in Newton and Brookline, MA

Ranked #7 among the state’s top billion dollar banks in The Boston Globe

2000

Topped $1 billion in assets

1990s


1998

$29.75 million raised through a preferred security offering under NASDQ symbol CNBKP

Haymarket Cooperative Bank purchased

1993

Wollaston Credit Union acquired

1980s


 

1988

Bank passes $500 million in assets

1987

Initial Public Offering resulted in $10.5 million in new capital under NASDAQ symbol CNBKA

1986

Acquired Social Service and St. Michael’s Credit Unions

1985

Acquired Massachusetts Teachers Association Credit Union

1983

Acquired property in Medford, MA for future site of operations center

1982

Acquired Bank of Massachusetts

1981

Automated lockbox service introduced

1970s


1979

Bank passes $100 million in assets

1975

First of 29 years of uninterrupted dividends paid

1973

North Shore Bank & Banking Company acquired

1972

Century Bancorp, Inc. formed

1960s


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

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