Century Bancorp, Inc. Announces Retirement and Appointment as Director Emeritus of Board Member, Henry L. Foster, D.V.M.MEDFORD, Mass. -- Marshall M. Sloane, Chairman and Chief Executive Officer of Century Bancorp, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CNBKA) (www.century-bank.com) today announced that Henry L. Foster, D.V.M., will retire as a voting member of Century Bank and Trust Company's and Century Bancorp's Board of Directors, but remain active as a Director Emeritus e·mer·i·tus adj. Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus. n. pl. of both Boards. Dr. Foster, 80, has served as an active member of Century Bancorp's Board of Directors since 1972 and was a founding Director of Century Bank and Trust Company in 1969. He is Founder and Chairman Emeritus of Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Laboratories, Inc. A resident of both Massachusetts and Florida, Foster will continue to be available to the leadership of Century Bancorp in his role as a Director Emeritus. "We have benefited from Dr. Foster's outstanding contributions since the very early days of the bank's founding. On behalf of the Board, we sincerely appreciate his extraordinary knowledge, advisory skills and commitment to the Bank," said Mr. Sloane. "I am personally honored to have known and worked closely with him for the past 40 years and wish him well in his retirement." Century Bancorp, Inc., through its subsidiary bank, Century Bank and Trust Company, a state chartered full service commercial bank, operating twenty-three full-service branches in the Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. area, offers a full range of Business, Personal, and Institutional Services. Century Bank and Trust Company is a member of the FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and is an Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . Corporate Headquarters located at 400 Mystic Avenue, Medford, MA 02155. 866.8.CENTURY. This press release contains certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " with respect to the financial condition, results of operations and business of the Company. Actual results may differ from those contemplated by these statements. The Company wishes to caution readers not to place undue reliance on any forward-looking statements. The Company disclaims any intent obligation to update publicly any such forward-looking statements, whether in response to new information, future events or otherwise. |
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