MEDFORD, Mass.--(BUSINESS WIRE)--Century Bancorp, Inc. (NASDAQ: CNBKA) New England’s largest family-controlled bank, is pleased to announce that Standard & Poor’s recognized Century’s financial strength with an “A” quality ranking.
Century Bank is the only Massachusetts regional bank to enjoy this exceptional honor. The A ranking reflects Century’s growth and stability of earnings and dividends.
“Our dedication to our community, our customers and our shareholders is unwavering,” said Marshall M. Sloane, Founder and Chairman of Century Bank. “I founded Century with a strategy that has built solid financial performance and positions us for growth well into the future.”
“This ranking signifies that Century Bank is one of the best financially ranked regional banks in the state,” said Barry R. Sloane, President and CEO of Century Bank. “The ranking reflects great confidence in Century’s general and fiscal management and its leadership. This independent, third-party acknowledgement is an honor and validation that the Bank is on the right trajectory for future growth.”
Century Bank is the bank families, businesses and not-for-profits rely on in Massachusetts.
About Century Bancorp, Inc.
Century Bank, a subsidiary of Century Bancorp, Inc. (NASDAQ: CNBKA), is a state chartered full service commercial bank, operating twenty-six, soon to be twenty-seven, full-service branches in the Greater Boston area, with a full range of business, personal and institutional services. Century Bank is a member of the FDIC and is an Equal Housing Lender.
Corporate Headquarters is located at 400 Mystic Avenue, Medford, MA 02155. Branches are located in Allston, Andover, Beverly, Boston, Braintree, Brookline, Burlington, Cambridge, Everett, Lynn, Malden, Medford, Newton, Peabody, Quincy, Salem, Somerville, Wellesley, Winchester and Woburn – with a new location opening soon in Boston’s Back Bay. For more information, please visit CenturyBank.com.
Century Bank and Trust Company is a member of the FDIC and is an Equal Housing Lender.
This press release contains certain “forward-looking statements” with respect to the financial condition, results of operations and business of the Company. Actual results may differ from those contemplated by these statements. The Company wishes to caution readers not to place undue reliance on any forward-looking statements. The Company disclaims any intent or obligation to update publicly any such forward-looking statements, whether in response to new information, future events or otherwise.