| Business Summary | | Century
Bancorp,
Inc.
is
a
state-chartered
bank
holding
company
with
one
banking
subsidiary:
Century
Bank
and
Trust
Company.
The
Bank
offers
a
wide
range
of
services
to
commercial
enterprises,
state
and
local
governments
and
agencies,
and
individuals.
It
makes
commercial
loans,
real
estate
and
construction
loans,
consumer
loans,
and
accepts
savings,
time,
and
demand
deposits.
In
addition,
the
Bank
offers
to
its
corporate
customers
automated
lock
box
collection
services,
cash
management
services
and
account
reconciliation
services,
and
actively
promotes
the
marketing
of
these
services
to
the
municipal
market.
The
Bank
also
provides
full
service
brokerage
services
through
Century
Financial
Services,
in
conjunction
with
Commonwealth
Equities.
Furthermore,
the
Bank
is
a
provider
of
financial
services
including
cash
management,
transaction
processing,
short
term
financing
and
intermediate
term
leasing
to
municipalities
in
Massachusetts. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Century
Bancorp,
Inc.
is
a
bank
holding
company
for
Century
Bank
and
Trust
Company.
CNBKA
operates
17
offices
in
16
cities
throughout
MA.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
6%
to
$34.4
million.
Net
interest
income
after
loan
loss
prov.
rose
11%
to
$18.5
million.
Net
income
rose
3%
to
$5.2
million.
Net
interest
income
reflects
higher
earning
asset
balances
and
lower
interest
paid
on
borrowed
funds.
Net
income
was
partially
offset
by
higher
salaries
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Marshall Sloane, 73 Chairman,
Pres, CEO | $762K | Kenneth Johnson, 39 Pres-
Century Financial Services, Inc. | 240K | Jonathan Sloane, 41 Exec.
VP, Director | 347K | Paul Cusick, Jr., 55 VP
and Treasurer | 221K | Paul Evangelista, 36 Exec.
VP, Century Bank and Trust Company | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|