Century Bancorp, Inc. & Century Bank & Trust Company Elect Barry R. Sloane to Chairman of the Board & Linda Sloane Kay to Vic...
April 15 2019 - 2:48PM
Business Wire
Century Bancorp, Inc. (NASDAQ:CNBKA) and Century Bank and Trust
Company today announced Barry R. Sloane, President and CEO, will
add the position of Chairman of the Board. Linda Sloane Kay,
Executive Vice President, will move to the newly created position
of Vice Chair of the Board.
“My father, the late Marshall Sloane started Century Bank and
Trust Company on May 1, 1969,” said Sloane. “It is my honor to
build upon the direction he set for the Bank and his legacy. I have
partnered with my father and sister for the last 15 years during
which time the Bank has posted 9 consecutive years of excellent
financial results and achieved the significant milestone of $5.2
Billion in assets. Under our leadership, Century will continue to
be the largest family-run bank in New England.”
“I am enormously grateful for everything my father taught me,”
said Sloane Kay. “He was one of the most accomplished bankers of
all time. I am pleased to carry-on his legacy of community banking.
I am also grateful for the collaborative partnership I have with my
brother, Barry.”
The late Founder and Chairman, Marshall Sloane, established
Century Bank and Trust Company 50 years ago. He envisioned a bank
focused on serving the needs of families and businesses in local
communities. Century successfully accomplished that mission.
Marshall was actively working at the Bank until 3 weeks prior to
his death on April 6, 2019. He would have celebrated his 93rd
birthday on April 15th.
Century Bancorp, through its subsidiary bank, Century Bank and
Trust Company, a state-chartered full- service commercial bank,
operating 27 full-service branches in the Greater Boston area,
offers a full range of Business, Personal and Institutional
Services. www.CenturyBank.com
This press release may contain “forward-looking statements” with
respect to the financial condition, results of operations and
business of Bancorp and Bank. Readers are cautioned not to place
undue reliance on any forward-looking statements. The Bancorp and
Bank disclaims any intent or obligation to update publicly any such
forward-looking statements, whether in response to any new
information, future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20190415005786/en/
Barry R. SloaneBSloane@CenturyBank.comPhone: 781-393-4150Linda
Sloane KayLKay@CenturyBank.comPhone: 617-641-2301
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