Eastern Sees Record Quarterly Earnings
Eastern Bank saw record earnings in the first quarter, its first full quarter since going public in October.
Eastern Gains Growth Opportunities in Latest Acquisition
Analysts say Eastern Bank’s all-cash purchase of Century Bank will position it to continue grow, giving the lender a competitive advantage that will be hard to replicate.
Century Bank Sees 11 Percent Earnings Increase
In the quarter that ended just before announcing its sale to Eastern Bank, Century Bank saw its earnings increase by more than 11 percent compared to the same quarter last year.
Eastern Will Triple Market Share in Key County with Century Deal
Boston-based Eastern Bank will make its first bank acquisition since going public six months ago by acquiring Medford-based Century Bank in an all-cash deal valued at $642 million, a move that will triple Eastern’s market share in Middlesex County and mark its entry into marijuana banking.
Century Bank Sees Record Earnings in 2020
Century Bank continued to see the number of loans needing COVID-19 modifications drop in the fourth quarter and ended the year with record earnings.
COVID-19 Surge Drives Bank Lobby Closings
With the surge in coronavirus cases continuing, some Massachusetts banks and credit unions have once again started shutting down their lobbies.
Realtor, Bankers, Developers Among MetroWest’s ‘Most Influential Business People of Color’
A new initiative by the Newton-Needham Regional Chamber of Commerce has identified several prominent members of the banking and real estate industries as being among the 50 most influential businesspeople of color in the MetroWest area.
Mutual Banks Eye Growth Options After Eastern Conversion
Now that Eastern Bank has become a stock bank, giving up its status as the nation’s oldest and largest mutual bank, the Massachusetts banking landscape could see even more changes in the years ahead.
Tufts President, MGH CMO Added to Century Bank Board
The president of Tufts University’ and the chief medical officer at Massachusetts General Hospital have been added to Century Bank’s board of directors.
Century Bank Sees 8 Percent Earnings Increase
With quarterly earnings up 8 percent compared to a year ago, Century Bank has increased its shareholder dividend for the second time this year, after more than 15 years without an increase.
Bank Earnings Show Little Credit Stress So Far
Some of the same initiatives that banks used to help customers affected by the pandemic – from loan modifications to Paycheck Protection Program loans – could also affect banks’ balance sheets in the coming months.
Century Bank Increases Dividend As Earnings Grow
Century Bank has increased its shareholder dividend for the first time since 2003, according to its second quarter earnings statement.
Former Century Bank President Resigns from Board
Former Century Bank president and longtime board member George Swansburg has resigned from the bank’s board of directors.
Century Bank Reports First Quarter Growth Despite COVID-19
While early results suggested banks would see steep declines in first quarter earnings, Century Bank yesterday reported a 2.6 percent increase in net income compared to the first quarter last year.
12 Boston Housing Lenders to Offer Three Month’s Deferred Mortgage Payments
Twelve of Boston’s biggest housing lenders will offer homeowner borrowers in the city three months or more of deferred mortgage payments if they can demonstrate they have been financially impacted by the coronavirus crisis.
Regis College Names Business School After Century Bank Founder
Regis College has named the university’s School of Business and Communication after Marshall M. Sloane, founder of Century Bank.
Century Bancorp Announces Record Earnings in Q3
The parent company of Medford-based Century Bank announced record earnings for the third quarter of 2019. Century Bancorp Inc.’s third quarter net income of $10.084 million
GFA CU, Century Bank Expand Marijuana Banking Operation
Two of the main financial institutions in Massachusetts that bank marijuana businesses are planning to expand their services.
Century Bank Reports Record Earning in Q2 and Minimal Loan Growth
Despite minimal loan growth and a slight uptick in nonperforming assets and loan loss allowances, Medford-based Century Bank had another quarter of record earnings.
Century Bank Founder’s Death Shines a Light on Family Banking
At a family-owned bank, there are always relationships to manage whether internally or externally, but a family’s multigenerational commitment to a bank can be the main driver behind maintaining its independence.
