Century Bank Announces New Executive Vice President.MEDFORD, Mass.--(BUSINESS WIRE)--May 12, 1999-- Marshall M. Sloane, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Century Bank and Trust Company (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) announced that the Board of Directors had elected a new bank officer at their last meeting. David B. Woonton was elected Executive Vice President of Commercial Lending. Woonton, will replace Donald H. Lang, as a member of Century's Executive Management and as the Division Head. Lang recently announced his plans to retire in June. Woonton has extensive senior-level management experience in commercial lending, and loan administration. Woonton will report directly to President and COO, Jonathan G. Sloane. Chairman Sloane stated that, "the capabilities and experience that David brings to Century Bank complements our business philosophy and strategic plan to meet the financial servicing needs of the small-to-mid-sized business customer. His passion for customer service is in keeping with our core mission objective. David's strong leadership qualities will certainly be an asset to our Executive Management team and will help us to meet the many business challenges as we move into the new millennium as a billion dollar bank." Woonton's twenty-year banking career started with Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. in California, where he serviced the High Technology Industry. His local career began in 1984 with Shawmut and more recently with Citizen's Bank in 1996. While at Citizen's, he held positions of Senior Vice President and Regional President. In those capacities, he was responsible for building the Boston and North Shore commercial lending teams and initiated the Specialized Industries Division focusing on target market companies in the Technology, Healthcare, Education and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Industries. He currently serves on the Board of Directors and is an Executive Committee Member of the Massachusetts Business Development Corporation and is a member of the Salem State College
Salem State College is a four-year public institution of higher learning located in the city of Salem, Massachusetts. Foundation Board. Woonton resides in Boxford with his wife and their four children. Century Bank and Trust Company, a subsidiary of Century Bancorp, Inc., is a state chartered, commercial bank with total assets of $861 million. Headquartered at 400 Mystic Avenue in Medford, MA, it operates sixteen full-service branches serving eastern Massachusetts. Century Bank 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. . |
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