bank 1969 headquarters medford massachusetts united states key people marshall sloane founder and chairman barry sloane president and ceo linda sloane kay executive vice president total assets us 4.1 billion 2016 1 number of employees 400 website centurybank.com 1 founded in somerville in 1969 by marshall m. sloane century bank is now new england s largest family run bank . 2 century bank has over 4 billion in assets with 27 offices in 19 cities and towns in massachusetts . 3 marshall is joined at the bank by his son barry sloane president and ceo and his daughter linda sloane kay executive vice president . contents 1 history 2 today 3 references 4 external links history edit on may 1 1969 century bank and trust company officially opened its doors in a temporary trailer parked on the m.d.c. s sidewalk at 102 fellsway west in somerville . the bank s beginning started in early 1968 with the idea of one man marshall m. sloane 4 as there was a great need for a community based commercial bank in somerville . by november 21 1968 he and 20 other businessmen were granted a charter to establish the century bank & trust company . on january 10 1969 century bank was incorporated becoming the first new bank in somerville since the mid 1800s . opening day in the trailer saw president marshall m. sloane and seven employees realize the fruits of their labor . without any promotional efforts the new bank took in 1.1 million in deposits for a profitable first day a record that remains unbroken in modern banking history . dubious discuss in four weeks deposits had grown to 4 million ; in eight weeks they were over 7 million ; and by december 31 1969 the total assets had passed the 17 million mark . century bank had become the fastest growing bank in massachusetts history in its first year of operation . citation needed today edit century bank is a lender to local businesses municipalities not for profit organizations and families . now headquartered in medford ma century bank employs more than four hundred staff . 5 century bank is acknowledged annually in the boston globe 100 as one of the top performing publicly traded companies in massachusetts . 6 references edit http www.snl.com irweblinkx corporateprofile.aspx iid 100209 http www.snl.com cache 1001208150.pdf y & o pdf & d & fid 1001208150 & t & iid 100209 http www.snl.com cache 1001208150.pdf y & o pdf & d & fid 1001208150 & t & iid 100209 http www.bostonglobe.com business 2014 04 26 marshall sloane but still charge nqfpcaydh5bnndjcco4tam story.html century bank business week profile http www.businesswire.com news home 20141008005963 en century bank honored fourth appearance sandler o % e2 % 80 % 99neill . vmv6ndlf8t0 external links edit official website this article about a financial services corporation of the united states is a stub . you can help wikipedia by expanding it . v t e retrieved from https en.wikipedia.org w index.php title century bank & oldid 743870803 categories bankingbanks based in massachusettsbanks established in 1969companies based in massachusettsunited states financial services company stubshidden categories all accuracy disputesarticles with disputed statements from october 2015all articles with unsourced statementsarticles with unsourced statements from october 2015all stub articles navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 11 october 2016 at 19 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view