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Home > Company Index > Banking > Banking - Northeast > Central Bancorp, Inc.

Central Bancorp, Inc.
Nasdaq: CEBK
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 PROFILE
Central Bancorp is the holding company for Central Co-operative Bank, which serves Middlesex, Norfolk, and Suffolk counties in Massachusetts through almost 10 suburban Boston offices. The bank's primary business is gathering deposits through a variety of savings products, including NOW, money market, demand deposit, and savings accounts; CDs; and retirement savings plans. Funds from deposits are used to make such loans as residential mortgages, which make up slightly more than three-quarters of the loan portfolio (commercial mortgages add almost 20%.) The bank also offers construction, home equity, personal, and student loans. Subsidiary Central Securities Corporation acts as a securities brokerage for the bank.

 COMPETITION
Century Bancorp, Inc. (CNBKA)
FleetBoston Financial Corporation (FBF)
Wainwright Bank & Trust Company (WAIN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 32.20
1-Yr. Sales Growth: 14.6%
Employees: 104
Revenue per employee: $309,615.38

 KEY PEOPLE
• John D. Doherty
    CEO
• Paul S. Feeley
    CFO

 CONTACT INFO
399 Highland Ave.
Somerville, MA 02144
US
Phone: 617-628-4000
Fax: 617-629-4219
Online: Web Site

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