Century Bancorp, Inc. operates as the holding company for Century Bank and Trust Company, which provides banking services to commercial enterprises, state and local governments and agencies, nonprofit organizations, and individuals in Massachusetts. It accepts savings accounts, Now accounts, demand deposits, time deposits, and money market accounts. The company's loan portfolio comprises single and multi-family residential loans, commercial and industrial loans, commercial real estate loans, construction loans, Home equity loans, and consumer loans. It also offers automated lockbox collection, cash management, and account reconciliation services to its corporate and institutional customers, as well as promotes the marketing of these services to the municipal market. In addition, the company offers securities brokerage services; and financial services, including transaction processing and short-term financing to municipalities. As of March 31, 2015, Century Bancorp operated 27 banking offices in 19 cities and towns in Massachusetts. The company was founded in 1969 and is headquartered in Medford, Massachusetts.
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