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Century Bank information


Century Bank
IndustryBanking
FoundedCentury Bank, 1969
FateAcquired by Eastern Bank
HeadquartersMedford, Massachusetts, United States
Key people
Marshall M. Sloane, Founder; Barry R. Sloane, Chairman, President & CEO; Linda Sloane Kay, Vice Chair
Total assetsUS$ 6 billion (2017)[1]
Number of employees
740
WebsiteCenturyBank.com [1]

Century Bank was a bank based in Massachusetts. It was founded in Somerville, Massachusetts in 1969 by Marshall M. Sloane and at one point became the state's largest family-run bank.[2] Century Bank had over $6 billion in assets with 27 offices in 19 cities and towns in Massachusetts.[3] Marshall’s son, Barry Sloane, sat as Chairman, President & CEO while Marshall’s daughter, Linda Sloane Kay, was the Bank’s Vice Chair. Century Bank was a lender to local businesses, municipalities, not-for-profit organizations and families. Headquartered in Medford, MA, Century Bank employed more than four hundred staff.[4]

  1. ^ http://www.snl.com/Cache/1500101402.PDF?Y=&O=PDF&D=&FID=1500101402&T=&IID=100209 [bare URL PDF]
  2. ^ http://www.snl.com/Cache/1001208150.PDF?Y=&O=PDF&D=&FID=1001208150&T=&IID=100209 [bare URL PDF]
  3. ^ http://www.snl.com/Cache/1001208150.PDF?Y=&O=PDF&D=&FID=1001208150&T=&IID=100209 [bare URL PDF]
  4. ^ "Marshall M Sloane, Century Bancorp Inc: Profile and Biography". Bloomberg News.

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