Boston Fed Names New Board Members

State Street Corp. Chairman and CEO Ronald O’Hanley has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.

Century Bancorp, the holding company of Century Bank, continued to increase commercial and industrial lending, while also reporting double-digit income growth in the third quarter of this year.

Proxy: Century Had Two Banks Vying for a Deal

Eastern Bank Chairman and CEO Bob Rivers began his quest to acquire Century Bank less than a week after Eastern Bank went public in October, according to a new SEC filing, while Century sought other bidders, including one New England bank that remained in the mix until a month before the Eastern deal was announced.