Century Bancorp, Inc. (NASDAQ:CNBKA) (www.centurybank.com) (the "Company") today announced that it will hold its Annual Meeting of Class B Common Stockholders (the "Annual Meeting") remotely using virtual meeting technology due to the COVID-19 outbreak. The decision of the Board of Directors to change the meeting to a remote format was made in order to support the health of the Company’s stockholders, employees, and the community, and the decision was informed by, among other things, Governor Charles D. Baker’s COVID-19 Order No. 13 prohibiting gatherings of more than ten people and expert advice concerning the need for social distancing.
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Century Bank, an Essential Business, announces its commitment to the health and safety of its customers, colleagues and community. "The coronavirus (COVID-19) has unexpectedly turned the economy upside down and we want to help alleviate financial hardship to those impacted," said Barry R. Sloane, Chairman, President and CEO of Century Bank. "During this difficult time, it is of the upmost importance to maintain open communication with our customers and colleagues as we adjust to the new normal."
Century Bancorp, Inc. (NASDAQ:CNBKA) (www.centurybank.com) ("the Company") today announced net income of $9,666,000 for the quarter ended March 31, 2020, or $1.74 per Class A share diluted, an increase of 2.6% compared to net income of $9,418,000, or $1.69 per Class A share diluted, for the same period a year ago. Total assets increased 1.3% from $5.49 billion at December 31, 2019 to $5.56 billion at March 31, 2020.
Those following along with Century Bancorp, Inc. (NASDAQ:CNBK.A) will no doubt be intrigued by the recent purchase of...
“It’s the Route 93 corridor, and the way people tend to look at it, is you grow your way up the exit numbers. This is Exit 1,” the bank's chief executive said.